Avitas Wealth Management LLC Grows Stake in McDonald’s Co. (NYSE:MCD)

Avitas Wealth Management LLC increased its stake in McDonald’s Co. (NYSE:MCD) by 0.6% in the 4th quarter, HoldingsChannel reports. The fund owned 21,656 shares of the fast-food giant’s stock after acquiring an additional 123 shares during the period. McDonald’s accounts for approximately 0.9% of Avitas Wealth Management LLC’s holdings, making the stock its 26th largest holding. Avitas Wealth Management LLC’s holdings in McDonald’s were worth $6,278,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Legacy Investment Solutions LLC bought a new stake in McDonald’s in the third quarter worth about $25,000. RPg Family Wealth Advisory LLC bought a new stake in McDonald’s in the third quarter worth about $31,000. Hara Capital LLC bought a new stake in McDonald’s in the third quarter worth about $44,000. Financial Life Planners bought a new stake in McDonald’s in the fourth quarter worth about $49,000. Finally, Peterson Financial Group Inc. bought a new stake in McDonald’s in the third quarter worth about $58,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction 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. The trade was a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares in the company, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. 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 insiders.

McDonald’s Trading Down 0.0 %

NYSE MCD opened at $290.00 on Wednesday. The firm’s fifty day simple moving average is $291.00 and its two-hundred day simple moving average is $290.15. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The firm has a market capitalization of $207.82 billion, a P/E ratio of 25.46, a P/E/G ratio of 3.83 and a beta of 0.74.

Analyst Ratings Changes

Several brokerages have issued reports on MCD. UBS Group raised their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Morgan Stanley decreased their price target on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Piper Sandler decreased their price target on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research note on Tuesday. Barclays lifted their price target on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Finally, KeyCorp decreased their price target on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Eleven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.