499 Shares in McDonald’s Co. (NYSE:MCD) Purchased by Hager Investment Management Services LLC

Hager Investment Management Services LLC acquired a new position in McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 499 shares of the fast-food giant’s stock, valued at approximately $145,000.

A number of other hedge funds also recently added to or reduced their stakes in MCD. Czech National Bank lifted its stake in McDonald’s by 6.4% in the third quarter. Czech National Bank now owns 146,130 shares of the fast-food giant’s stock worth $44,498,000 after acquiring an additional 8,797 shares during the period. Diversified Trust Co raised its holdings in McDonald’s by 2.0% in the third quarter. Diversified Trust Co now owns 8,078 shares of the fast-food giant’s stock worth $2,460,000 after purchasing an additional 161 shares in the last quarter. Bath Savings Trust Co raised its holdings in McDonald’s by 0.6% in the third quarter. Bath Savings Trust Co now owns 32,239 shares of the fast-food giant’s stock worth $9,817,000 after purchasing an additional 205 shares in the last quarter. Versant Capital Management Inc raised its holdings in McDonald’s by 26.0% in the third quarter. Versant Capital Management Inc now owns 732 shares of the fast-food giant’s stock worth $223,000 after purchasing an additional 151 shares in the last quarter. Finally, Bangor Savings Bank raised its holdings in McDonald’s by 1.0% in the third quarter. Bangor Savings Bank now owns 9,622 shares of the fast-food giant’s stock worth $2,930,000 after purchasing an additional 91 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Trading Down 0.0 %

McDonald’s stock opened at $290.00 on Wednesday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock’s 50 day simple moving average is $291.00 and its two-hundred day simple moving average is $290.15. The firm has a market cap of $207.82 billion, a PE ratio of 25.46, a P/E/G ratio of 3.83 and a beta of 0.74.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Robert W. Baird downgraded shares of McDonald’s from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. BMO Capital Markets boosted their target price 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. Barclays upped their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Finally, Truist Financial cut their price objective on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Eleven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $319.58.

Insider Activity

In other news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 1,560 shares in the company, valued at $453,882. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,406 shares of company stock worth $2,150,857 in the last quarter. Corporate insiders own 0.23% of the company’s stock.

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.