Optimist Retirement Group LLC Lowers Holdings in McDonald’s Co. (NYSE:MCD)

Optimist Retirement Group LLC reduced its position in shares of McDonald’s Co. (NYSE:MCD) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,186 shares of the fast-food giant’s stock after selling 54 shares during the quarter. McDonald’s comprises about 1.0% of Optimist Retirement Group LLC’s portfolio, making the stock its 29th biggest position. Optimist Retirement Group LLC’s holdings in McDonald’s were worth $2,083,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s in the third quarter valued at about $25,000. RPg Family Wealth Advisory LLC bought a new position in McDonald’s during the 3rd quarter worth about $31,000. Hara Capital LLC purchased a new position in McDonald’s during the 3rd quarter valued at about $44,000. Financial Life Planners bought a new stake in shares of McDonald’s in the 4th quarter valued at about $49,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of McDonald’s in the 3rd quarter worth approximately $58,000. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. This trade represents a 3.66 % 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 this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’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 represents a 26.05 % decrease in their position. 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 over the last 90 days. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 0.4 %

Shares of NYSE MCD opened at $288.49 on Thursday. The company has a 50 day simple moving average of $290.88 and a two-hundred day simple moving average of $290.38. The stock has a market cap of $206.74 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 3.83 and a beta of 0.74. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Bank of America boosted their price objective on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Barclays upped their price objective on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Truist Financial cut their target price on McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. 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 report on Tuesday, January 28th. Finally, UBS Group lifted their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Eleven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus 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.