Spire Wealth Management Has $3.42 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Spire Wealth Management cut its holdings in McDonald’s Co. (NYSE:MCD) by 38.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,789 shares of the fast-food giant’s stock after selling 7,236 shares during the period. Spire Wealth Management’s holdings in McDonald’s were worth $3,418,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MCD. Journey Strategic Wealth LLC lifted its position in McDonald’s by 29.0% during the 4th quarter. Journey Strategic Wealth LLC now owns 5,922 shares of the fast-food giant’s stock worth $1,717,000 after buying an additional 1,332 shares in the last quarter. Osborne Partners Capital Management LLC increased its position in shares of McDonald’s by 2.8% in the fourth quarter. Osborne Partners Capital Management LLC now owns 1,748 shares of the fast-food giant’s stock valued at $507,000 after acquiring an additional 48 shares during the last quarter. Sylvest Advisors LLC bought a new stake in McDonald’s during the fourth quarter worth about $226,000. SYM FINANCIAL Corp boosted its position in McDonald’s by 5.5% during the fourth quarter. SYM FINANCIAL Corp now owns 2,183 shares of the fast-food giant’s stock valued at $633,000 after purchasing an additional 113 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in McDonald’s by 3.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 20,502 shares of the fast-food giant’s stock valued at $5,943,000 after purchasing an additional 694 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Down 0.5 %

Shares of NYSE:MCD opened at $288.83 on Monday. The stock has a market capitalization of $206.98 billion, a PE ratio of 25.36, a PEG ratio of 3.85 and a beta of 0.73. The firm has a 50 day moving average of $291.12 and a 200-day moving average of $289.73. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, 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 completion of the transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. 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 300 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % 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 worth $2,150,857 over the last three months. Corporate insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of analyst reports. Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research note 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 note on Tuesday, January 28th. Truist Financial lowered their price objective 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. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Finally, KeyCorp lowered their price target on McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus 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.