Stephens Consulting LLC Acquires 75 Shares of McDonald’s Co. (NYSE:MCD)

Stephens Consulting LLC raised its position in shares of McDonald’s Co. (NYSE:MCD) by 17.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 516 shares of the fast-food giant’s stock after acquiring an additional 75 shares during the quarter. Stephens Consulting LLC’s holdings in McDonald’s were worth $150,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MCD. Legacy Investment Solutions LLC bought a new position in McDonald’s in the 3rd quarter valued at $25,000. RPg Family Wealth Advisory LLC purchased a new position in McDonald’s during the 3rd quarter valued at about $31,000. Hara Capital LLC bought a new stake in McDonald’s during the 3rd quarter worth approximately $44,000. Financial Life Planners purchased a new stake in shares of McDonald’s in the fourth quarter worth $49,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of McDonald’s during the 3rd quarter valued at about $58,000. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Up 0.5 %

Shares of MCD stock opened at $290.25 on Tuesday. The business has a fifty day simple moving average of $291.12 and a 200-day simple moving average of $289.94. The stock has a market cap of $208.00 billion, a P/E ratio of 25.48, a P/E/G ratio of 3.83 and a beta of 0.74. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the sale, the insider now directly owns 8,187 shares in the company, valued at $2,383,235.70. This trade represents a 11.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $453,882. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,406 shares of company stock worth $2,150,857 in the last three months. 0.23% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on MCD. Evercore ISI boosted their price target on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. UBS Group increased their target price on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. TD Cowen reaffirmed a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a report on Tuesday, October 29th. Bank of America upped their target price on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Wedbush reiterated an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a research note 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $319.58.

McDonald’s Company 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.