McDonald’s Co. (NYSE:MCD) Position Reduced by Wealthspan Partners LLC

Wealthspan Partners LLC reduced its stake in shares of McDonald’s Co. (NYSE:MCD) by 9.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,090 shares of the fast-food giant’s stock after selling 724 shares during the quarter. McDonald’s makes up about 1.0% of Wealthspan Partners LLC’s holdings, making the stock its 25th largest position. Wealthspan Partners LLC’s holdings in McDonald’s were worth $2,055,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Czech National Bank raised its holdings in shares of McDonald’s by 6.4% during the third quarter. Czech National Bank now owns 146,130 shares of the fast-food giant’s stock worth $44,498,000 after purchasing an additional 8,797 shares during the period. GAMMA Investing LLC grew its position in shares of McDonald’s by 22.7% during the 3rd quarter. GAMMA Investing LLC now owns 8,301 shares of the fast-food giant’s stock valued at $2,528,000 after buying an additional 1,534 shares during the last quarter. Diversified Trust Co raised its stake in McDonald’s by 2.0% during the third quarter. Diversified Trust Co now owns 8,078 shares of the fast-food giant’s stock worth $2,460,000 after acquiring an additional 161 shares during the period. Everpar Advisors LLC raised its stake in McDonald’s by 13.0% during the third quarter. Everpar Advisors LLC now owns 2,630 shares of the fast-food giant’s stock worth $801,000 after acquiring an additional 302 shares during the period. Finally, Smith Anglin Financial LLC lifted its holdings in McDonald’s by 2.0% in the third quarter. Smith Anglin Financial LLC now owns 2,743 shares of the fast-food giant’s stock worth $835,000 after acquiring an additional 53 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. BMO Capital Markets upped their target price on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Guggenheim downgraded 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 note on Wednesday, October 23rd. Morgan Stanley cut their target price on McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Bank of America upped their price target on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Loop Capital reiterated a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $320.87.

McDonald’s Trading Down 0.5 %

Shares of NYSE MCD opened at $288.83 on Monday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The firm has a 50-day moving average of $291.12 and a two-hundred day moving average of $289.94. The company has a market capitalization of $206.98 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 3.83 and a beta of 0.74.

Insider Buying and Selling

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