Money Concepts Capital Corp Has $6.29 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Money Concepts Capital Corp reduced its position in McDonald’s Co. (NYSE:MCD) by 1.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 21,694 shares of the fast-food giant’s stock after selling 296 shares during the period. Money Concepts Capital Corp’s holdings in McDonald’s were worth $6,289,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in McDonald’s in the third quarter worth about $25,000. RPg Family Wealth Advisory LLC bought a new position in shares of McDonald’s in the 3rd quarter valued at about $31,000. Hara Capital LLC acquired a new stake in shares of McDonald’s during the 3rd quarter worth approximately $44,000. Financial Life Planners bought a new stake in shares of McDonald’s during the fourth quarter worth approximately $49,000. Finally, Peterson Financial Group Inc. acquired a new position in McDonald’s in the third quarter valued at approximately $58,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

McDonald’s stock opened at $290.00 on Wednesday. The company has a market cap of $207.82 billion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 3.83 and a beta of 0.74. The firm has a 50-day moving average of $290.88 and a 200-day moving average of $290.38. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90.

Insider Buying and Selling

In other McDonald’s news, 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 completion of the sale, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,406 shares of company stock worth $2,150,857. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Bank of America increased their price target on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Evercore ISI raised their target price on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Citigroup increased their price target on shares of McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Finally, Loop Capital restated a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a report on Friday, January 3rd. Eleven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $319.58.

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.