Centennial Wealth Advisory LLC Grows Position in McDonald’s Co. (NYSE:MCD)

Centennial Wealth Advisory LLC raised its holdings in shares of McDonald’s Co. (NYSE:MCD) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,368 shares of the fast-food giant’s stock after purchasing an additional 163 shares during the period. Centennial Wealth Advisory LLC’s holdings in McDonald’s were worth $686,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of 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. In the last ninety days, insiders sold 7,406 shares of company stock valued at $2,150,857. 0.23% of the stock is owned by insiders.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $288.49 on Thursday. The firm has a market capitalization of $206.74 billion, a P/E ratio of 25.33, a P/E/G ratio of 3.83 and a beta of 0.74. The business’s 50-day moving average is $290.88 and its 200 day moving average is $290.38. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

Analyst Ratings Changes

A number of equities research analysts have commented on MCD shares. Morgan Stanley cut their target price on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Piper Sandler reduced their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Barclays increased their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. 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 report on Wednesday, October 30th. Eleven investment 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, McDonald’s currently has an average rating of “Moderate Buy” and an average target price of $319.57.

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.