Brown Lisle Cummings Inc. Buys 199 Shares of McDonald’s Co. (NYSE:MCD)

Brown Lisle Cummings Inc. grew its stake in shares of McDonald’s Co. (NYSE:MCD) by 10.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,075 shares of the fast-food giant’s stock after purchasing an additional 199 shares during the period. Brown Lisle Cummings Inc.’s holdings in McDonald’s were worth $602,000 as of its most recent SEC filing.

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

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the transaction, the insider now directly owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. This trade represents a 11.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. 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 over the last quarter. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 0.5 %

NYSE MCD opened at $290.25 on Tuesday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock has a market cap of $208.00 billion, a PE ratio of 25.48, a P/E/G ratio of 3.83 and a beta of 0.74. The stock’s 50 day moving average is $291.12 and its 200 day moving average is $289.94.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Truist Financial lowered their target price on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Barclays increased their target price on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Wedbush reaffirmed an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a research report on Wednesday, October 23rd. Loop Capital reissued a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. Finally, Bank of America raised their price objective 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. Eleven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $319.58.

McDonald’s 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.