2,469 Shares in McDonald’s Co. (NYSE:MCD) Bought by Vantage Point Financial LLC

Vantage Point Financial LLC bought a new stake in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,469 shares of the fast-food giant’s stock, valued at approximately $716,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Legacy Investment Solutions LLC purchased a new stake in shares of McDonald’s in the third quarter valued at $25,000. RPg Family Wealth Advisory LLC purchased a new stake in McDonald’s in the 3rd quarter worth about $31,000. Hara Capital LLC acquired a new stake in McDonald’s during the 3rd quarter worth about $44,000. Financial Life Planners purchased a new position in McDonald’s during the 4th quarter valued at about $49,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of McDonald’s in the 3rd quarter valued at about $58,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the sale, the insider now owns 8,187 shares in the company, valued at approximately $2,383,235.70. This represents a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,406 shares of company stock valued at $2,150,857 in the last ninety days. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.5 %

Shares of MCD stock opened at $290.25 on Tuesday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The firm has a market cap of $208.00 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 3.83 and a beta of 0.73. The stock has a 50 day moving average of $291.12 and a 200-day moving average of $289.94.

Analysts Set New Price Targets

Several research firms recently commented on MCD. Loop Capital restated a “buy” rating and set a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Truist Financial decreased their target price on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Bank of America increased their price objective on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Robert W. Baird downgraded McDonald’s from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Finally, TD Cowen reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research note on Tuesday, October 29th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $320.87.

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.