abrdn plc Sells 41,302 Shares of McDonald’s Co. (NYSE:MCD)

abrdn plc trimmed its holdings in shares of McDonald’s Co. (NYSE:MCD) by 14.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 245,749 shares of the fast-food giant’s stock after selling 41,302 shares during the period. abrdn plc’s holdings in McDonald’s were worth $71,100,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in MCD. Childress Capital Advisors LLC raised its position in McDonald’s by 4.5% in the fourth quarter. Childress Capital Advisors LLC now owns 1,833 shares of the fast-food giant’s stock worth $531,000 after acquiring an additional 79 shares during the period. Alliance Wealth Advisors LLC UT raised its holdings in shares of McDonald’s by 3.6% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 12,476 shares of the fast-food giant’s stock worth $3,617,000 after purchasing an additional 431 shares during the period. GEN Financial Management INC. purchased a new position in McDonald’s in the fourth quarter valued at approximately $210,000. Vantage Point Financial LLC bought a new position in McDonald’s during the fourth quarter valued at $716,000. Finally, Optas LLC increased its position in McDonald’s by 8.5% in the fourth quarter. Optas LLC now owns 1,534 shares of the fast-food giant’s stock worth $445,000 after buying an additional 120 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the subject of several research reports. Truist Financial cut their price target on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Piper Sandler cut their target price on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday. UBS Group boosted their price target on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. BMO Capital Markets lifted their price objective on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company increased their target price on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Eleven equities 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, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $319.58.

Insiders Place Their Bets

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction dated Monday, December 30th. The stock was 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. The trade was a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, 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.

McDonald’s Trading Down 0.0 %

Shares of NYSE MCD opened at $290.00 on Wednesday. The stock has a market cap of $207.82 billion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 3.83 and a beta of 0.74. The stock’s 50-day moving average is $291.00 and its 200 day moving average is $290.15. McDonald’s Co. has a 1-year low of $243.53 and a 1-year 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.