Etesian Wealth Advisors Inc. Has $2.26 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Etesian Wealth Advisors Inc. cut its position in McDonald’s Co. (NYSE:MCD) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,786 shares of the fast-food giant’s stock after selling 86 shares during the quarter. McDonald’s makes up about 1.0% of Etesian Wealth Advisors Inc.’s holdings, making the stock its 24th biggest position. Etesian Wealth Advisors Inc.’s holdings in McDonald’s were worth $2,257,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Czech National Bank raised its stake in McDonald’s by 6.4% during the 3rd quarter. Czech National Bank now owns 146,130 shares of the fast-food giant’s stock valued at $44,498,000 after purchasing an additional 8,797 shares during the last quarter. Callan Family Office LLC bought a new position in shares of McDonald’s during the 3rd quarter worth about $217,000. Atomi Financial Group Inc. raised its position in shares of McDonald’s by 21.7% during the third quarter. Atomi Financial Group Inc. now owns 4,499 shares of the fast-food giant’s stock valued at $1,370,000 after buying an additional 802 shares during the last quarter. Country Trust Bank lifted its stake in shares of McDonald’s by 64.1% in the third quarter. Country Trust Bank now owns 476 shares of the fast-food giant’s stock valued at $145,000 after buying an additional 186 shares during the period. Finally, Olistico Wealth LLC grew its position in McDonald’s by 9.7% during the third quarter. Olistico Wealth LLC now owns 4,507 shares of the fast-food giant’s stock worth $1,373,000 after buying an additional 400 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on MCD shares. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and cut their price target for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Citigroup raised their target price on McDonald’s from $334.00 to $336.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Loop Capital reissued a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. BMO Capital Markets raised their price objective on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Bank of America upped their target price 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 analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $319.57.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the transaction, the insider now directly owns 9,286 shares of the company’s stock, 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 can be accessed through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’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 owns 9,675 shares of the company’s stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,406 shares of company stock valued at $2,150,857 over the last 90 days. 0.23% of the stock is owned by company insiders.

McDonald’s Stock Performance

NYSE:MCD opened at $288.49 on Thursday. The stock’s fifty day moving average price is $290.88 and its two-hundred day moving average price is $290.38. The company has a market cap of $206.74 billion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 3.83 and a beta of 0.74. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

About McDonald’s

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.