Commonwealth Financial Services LLC Boosts Stock Position in McDonald’s Co. (NYSE:MCD)

Commonwealth Financial Services LLC boosted its position in shares of McDonald’s Co. (NYSE:MCD) by 18.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,812 shares of the fast-food giant’s stock after purchasing an additional 283 shares during the period. Commonwealth Financial Services LLC’s holdings in McDonald’s were worth $525,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MCD. Legacy Investment Solutions LLC acquired a new position in McDonald’s during the 3rd quarter worth $25,000. RPg Family Wealth Advisory LLC purchased a new position in shares of McDonald’s in the 3rd quarter valued at about $31,000. Hara Capital LLC acquired a new position in shares of McDonald’s during the third quarter worth about $44,000. Financial Life Planners purchased a new stake in shares of McDonald’s during the fourth quarter worth approximately $49,000. Finally, Peterson Financial Group Inc. acquired a new stake in McDonald’s in the third quarter valued at approximately $58,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the stock. UBS Group boosted their price target on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. KeyCorp lowered their target price on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Evercore ISI lifted their price target on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Finally, Barclays raised their target price on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Eleven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $319.58.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the sale, the insider now owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. The trade was a 10.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $453,882. This trade represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,406 shares of company stock valued at $2,150,857. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.5 %

Shares of MCD stock opened at $290.25 on Tuesday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The stock’s 50-day moving average price is $291.12 and its 200 day moving average price is $289.94. The stock has a market capitalization of $208.00 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 3.83 and a beta of 0.74.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.