McDonald’s Co. (NYSE:MCD) Shares Acquired by Cassia Capital Partners LLC

Cassia Capital Partners LLC increased its stake in shares of McDonald’s Co. (NYSE:MCD) by 44.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,985 shares of the fast-food giant’s stock after acquiring an additional 917 shares during the quarter. Cassia Capital Partners LLC’s holdings in McDonald’s were worth $865,000 at the end of the most recent quarter.

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

McDonald’s Price Performance

Shares of NYSE:MCD opened at $290.00 on Wednesday. The firm has a market capitalization of $207.82 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 3.83 and a beta of 0.74. The business’s 50 day simple moving average is $291.00 and its 200-day simple moving average is $290.15. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

Wall Street Analysts Forecast Growth

MCD has been the subject of several research reports. BMO Capital Markets upped their price target on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Morgan Stanley reduced their target price on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Piper Sandler lowered their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday. Citigroup upped their price objective on McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Finally, Wedbush reiterated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a research note on Wednesday, October 23rd. Eleven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $319.58.

Insiders Place Their Bets

In related news, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $453,882. The trade was a 49.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,406 shares of company stock worth $2,150,857. 0.23% of the stock is owned by corporate insiders.

About McDonald’s

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.