Hager Investment Management Services LLC Makes New $145,000 Investment in McDonald’s Co. (NYSE:MCD)

Hager Investment Management Services LLC bought a new position in McDonald’s Co. (NYSE:MCD) in the fourth quarter, Holdings Channel reports. The institutional investor bought 499 shares of the fast-food giant’s stock, valued at approximately $145,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s in the 3rd quarter worth $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s in the 3rd quarter worth $31,000. Hara Capital LLC acquired a new stake in shares of McDonald’s in the 3rd quarter worth $44,000. Financial Life Planners acquired a new stake in shares of McDonald’s in the 4th quarter worth $49,000. Finally, Peterson Financial Group Inc. acquired a new stake in shares of McDonald’s in the 3rd quarter worth $58,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on MCD shares. KeyCorp cut their price objective on McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Wells Fargo & Company raised their price objective on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. UBS Group raised their price objective on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Guggenheim downgraded McDonald’s from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Finally, TD Cowen reissued a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. Eleven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $319.58.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 300 shares of the business’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 sale, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, 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 sold a total of 7,406 shares of company stock worth $2,150,857 over the last 90 days. 0.23% of the stock is owned by insiders.

McDonald’s Stock Down 0.0 %

MCD stock opened at $290.00 on Wednesday. The business has a 50 day moving average price of $291.00 and a 200 day moving average price of $290.15. The stock has a market cap of $207.82 billion, a price-to-earnings ratio of 25.46, a PEG 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.

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.