Nvwm LLC Lowers Holdings in McDonald’s Co. (NYSE:MCD)

Nvwm LLC reduced its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,895 shares of the fast-food giant’s stock after selling 66 shares during the quarter. Nvwm LLC’s holdings in McDonald’s were worth $1,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of MCD. Kennebec Savings Bank bought a new position in shares of McDonald’s in the third quarter worth approximately $1,394,000. Charles Schwab Investment Management Inc. increased its holdings in shares of McDonald’s by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after purchasing an additional 49,106 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in shares of McDonald’s by 6.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock worth $14,978,000 after buying an additional 2,997 shares in the last quarter. PFW Advisors LLC bought a new position in McDonald’s during the fourth quarter valued at approximately $2,471,000. Finally, Weiss Asset Management LP bought a new stake in McDonald’s in the 3rd quarter worth approximately $16,870,000. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MCD has been the subject of several recent research reports. TD Cowen reiterated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research report on Tuesday, October 29th. Loop Capital reiterated a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. BMO Capital Markets lifted their price target on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Wedbush reissued an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a research note on Wednesday, October 23rd. Finally, Morgan Stanley reduced their price target on McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Eleven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $319.58.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the company’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 value of $436,134.05. Following the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $453,882. This trade represents a 49.00 % 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. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Down 0.0 %

NYSE:MCD opened at $290.00 on Wednesday. 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 $290.88 and its 200 day moving average price is $290.38. The company has a market capitalization of $207.82 billion, a PE ratio of 25.46, a P/E/G ratio of 3.83 and a beta of 0.74.

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.