McDonald’s Co. (NYSE:MCD) Shares Acquired by Cassia Capital Partners LLC

Cassia Capital Partners LLC increased its position in shares of McDonald’s Co. (NYSE:MCD) by 44.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,985 shares of the fast-food giant’s stock after acquiring an additional 917 shares during the quarter. Cassia Capital Partners LLC’s holdings in McDonald’s were worth $865,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Steigerwald Gordon & Koch Inc. grew its holdings in McDonald’s by 2.4% in the 3rd quarter. Steigerwald Gordon & Koch Inc. now owns 1,422 shares of the fast-food giant’s stock worth $433,000 after buying an additional 33 shares in the last quarter. Riversedge Advisors LLC boosted its position in McDonald’s by 2.0% during the 3rd quarter. Riversedge Advisors LLC now owns 1,686 shares of the fast-food giant’s stock worth $513,000 after acquiring an additional 33 shares during the period. Proquility Private Wealth Partners LLC grew its stake in shares of McDonald’s by 1.0% in the third quarter. Proquility Private Wealth Partners LLC now owns 3,472 shares of the fast-food giant’s stock worth $1,057,000 after purchasing an additional 35 shares in the last quarter. Clear Creek Financial Management LLC increased its holdings in shares of McDonald’s by 2.8% during the third quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock valued at $396,000 after purchasing an additional 35 shares during the period. Finally, GDS Wealth Management raised its stake in shares of McDonald’s by 1.4% during the third quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock valued at $762,000 after purchasing an additional 35 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the sale, the insider now directly owns 9,286 shares in the company, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $453,882. The trade was a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,406 shares of company stock worth $2,150,857. 0.23% of the stock is owned by company insiders.

McDonald’s Trading Down 0.0 %

Shares of NYSE MCD opened at $290.00 on Wednesday. The firm has a market capitalization of $207.82 billion, a PE ratio of 25.46, a PEG ratio of 3.83 and a beta of 0.74. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The business has a 50-day moving average price of $291.00 and a two-hundred day moving average price of $290.15.

Wall Street Analyst Weigh In

Several equities analysts have commented on MCD shares. Truist Financial lowered their target price on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. BMO Capital Markets boosted their target price on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. UBS Group increased their price target on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Morgan Stanley dropped their price objective on McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Finally, KeyCorp decreased their target price on 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.