Journey Strategic Wealth LLC Buys 1,332 Shares of McDonald's Co. (NYSE:MCD)

Journey Strategic Wealth LLC lifted its position in McDonald's Co. (NYSE:MCD - Free Report) by 29.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,922 shares of the fast-food giant's stock after purchasing an additional 1,332 shares during the quarter. Journey Strategic Wealth LLC's holdings in McDonald's were worth $1,717,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Kennebec Savings Bank acquired a new stake in shares of McDonald's during the 3rd quarter worth $1,394,000. Charles Schwab Investment Management Inc. grew its position in shares of McDonald's by 0.9% during the 3rd 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 buying an additional 49,106 shares during the period. U.S. Capital Wealth Advisors LLC raised its stake in McDonald's by 6.5% during the 3rd 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 during the period. PFW Advisors LLC acquired a new position in shares of McDonald's during the fourth quarter valued at about $2,471,000. Finally, Weiss Asset Management LP bought a new stake in McDonald's during the third quarter worth $16,870,000. 70.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Baird R W downgraded McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. Truist Financial decreased their price target on shares of McDonald's from $350.00 to $342.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Wells Fargo & Company upped their price objective on shares of McDonald's from $285.00 to $350.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. BMO Capital Markets increased their target price on McDonald's from $315.00 to $335.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, Guggenheim downgraded McDonald's from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Eleven investment 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 stock has an average rating of "Moderate Buy" and a consensus target price of $319.58.

McDonald's Trading Up 0.0 %

MCD stock traded up $0.09 during mid-day trading on Wednesday, reaching $289.86. 1,344,335 shares of the stock traded hands, compared to its average volume of 2,944,113. The company has a market cap of $207.72 billion, a P/E ratio of 25.45, a P/E/G ratio of 3.83 and a beta of 0.74. The stock's fifty day moving average is $290.88 and its 200-day moving average is $290.38. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

Insiders Place Their Bets

In other news, EVP Marion K. Gross sold 1,499 shares of the firm'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 owns 1,560 shares in the company, valued at approximately $453,882. This trade represents a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the company's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares of the company's stock, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,406 shares of company stock worth $2,150,857. 0.23% of the stock is currently owned by company insiders.

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.