Insight Advisors LLC PA Sells 85 Shares of McDonald’s Co. (NYSE:MCD)

Insight Advisors LLC PA reduced its holdings in shares of McDonald’s Co. (NYSE:MCD) by 3.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,754 shares of the fast-food giant’s stock after selling 85 shares during the period. Insight Advisors LLC PA’s holdings in McDonald’s were worth $798,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Czech National Bank raised its position 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 in the last quarter. Callan Family Office LLC bought a new stake in McDonald’s during the 3rd quarter valued at $217,000. Atomi Financial Group Inc. raised its position in McDonald’s by 21.7% during the 3rd quarter. Atomi Financial Group Inc. now owns 4,499 shares of the fast-food giant’s stock valued at $1,370,000 after purchasing an additional 802 shares in the last quarter. Country Trust Bank raised its position in shares of McDonald’s by 64.1% in the 3rd quarter. Country Trust Bank now owns 476 shares of the fast-food giant’s stock worth $145,000 after acquiring an additional 186 shares in the last quarter. Finally, Olistico Wealth LLC raised its position in shares of McDonald’s by 9.7% in the 3rd quarter. Olistico Wealth LLC now owns 4,507 shares of the fast-food giant’s stock worth $1,373,000 after acquiring an additional 400 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MCD has been the subject of several recent research reports. TD Cowen reissued a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research report on Tuesday, October 29th. Wells Fargo & Company boosted their price target on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Loop Capital reissued a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Finally, Truist Financial reduced their price target on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and an average target price of $319.57.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was 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 owns 8,187 shares of the company’s stock, valued at $2,383,235.70. The trade was a 11.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’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 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 position. The disclosure for this sale can be found here. Insiders sold a total of 7,406 shares of company stock valued at $2,150,857 in the last quarter. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Performance

McDonald’s stock opened at $288.49 on Thursday. The company has a market cap of $206.74 billion, a PE ratio of 25.33, a PEG ratio of 3.83 and a beta of 0.74. The business’s 50-day simple moving average is $290.88 and its two-hundred day simple moving average is $290.38. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90.

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.