Sargent Investment Group LLC Sells 144 Shares of McDonald’s Co. (NYSE:MCD)

Sargent Investment Group LLC cut its position in shares of McDonald’s Co. (NYSE:MCD) by 13.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 950 shares of the fast-food giant’s stock after selling 144 shares during the quarter. Sargent Investment Group LLC’s holdings in McDonald’s were worth $269,000 as of its most recent SEC filing.

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

McDonald’s Stock Down 0.4 %

McDonald’s stock opened at $288.49 on Thursday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The company has a market capitalization of $206.74 billion, a P/E ratio of 25.33, a PEG ratio of 3.83 and a beta of 0.74. The stock’s 50 day moving average is $290.88 and its 200 day moving average is $290.38.

Insiders Place Their Bets

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 sale, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,406 shares of company stock valued at $2,150,857. 0.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MCD has been the subject of several analyst reports. Wells Fargo & Company raised their price target on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Morgan Stanley cut their target price on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. UBS Group upped their price target on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their price target for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Finally, Citigroup upped their price objective 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. Eleven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and an average price target of $319.57.

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.