McDonald’s Co. (NYSE:MCD) Shares Acquired by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lifted its stake in McDonald’s Co. (NYSE:MCD) by 12.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 32,870 shares of the fast-food giant’s stock after purchasing an additional 3,560 shares during the period. E. Ohman J or Asset Management AB’s holdings in McDonald’s were worth $9,529,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MCD. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s in the 3rd quarter worth $25,000. RPg Family Wealth Advisory LLC acquired a new stake in McDonald’s during the third quarter worth about $31,000. Hara Capital LLC purchased a new position in McDonald’s during the third quarter worth about $44,000. Financial Life Planners purchased a new stake in shares of McDonald’s in the 4th quarter valued at approximately $49,000. Finally, Peterson Financial Group Inc. acquired a new stake in shares of McDonald’s during the 3rd quarter worth approximately $58,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

MCD has been the topic of a number of recent analyst reports. KeyCorp decreased their price objective on McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Bank of America increased their price target on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Wedbush restated an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a report on Wednesday, October 23rd. TD Cowen reaffirmed a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research note on Tuesday, October 29th. Finally, Wells Fargo & Company boosted their price target on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Eleven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $319.58.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the transaction, the insider now directly owns 8,187 shares in the company, valued at approximately $2,383,235.70. This trade represents a 11.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $453,882. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,406 shares of company stock worth $2,150,857. 0.23% of the stock is owned by company insiders.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $290.25 on Tuesday. The firm’s fifty day simple moving average is $291.12 and its 200-day simple moving average is $289.94. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock has a market capitalization of $208.00 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 3.83 and a beta of 0.74.

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.