GDS Wealth Management Sells 84 Shares of McDonald’s Co. (NYSE:MCD)

GDS Wealth Management reduced its stake in McDonald’s Co. (NYSE:MCD) by 3.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,420 shares of the fast-food giant’s stock after selling 84 shares during the quarter. GDS Wealth Management’s holdings in McDonald’s were worth $702,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s in the third quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC bought a new stake in McDonald’s during the third quarter worth $31,000. Hara Capital LLC bought a new stake in McDonald’s during the third quarter worth $44,000. Financial Life Planners bought a new stake in McDonald’s during the fourth quarter worth $49,000. Finally, Peterson Financial Group Inc. bought a new stake in McDonald’s during the third quarter worth $58,000. 70.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’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 sale, the executive vice president now directly owns 9,675 shares in the company, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the sale, the insider now owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. This represents a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,406 shares of company stock worth $2,150,857. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the subject of several recent analyst reports. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. KeyCorp cut their target price on McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Truist Financial cut their target price on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Evercore ISI upped their target price on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Finally, Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $320.87.

McDonald’s Trading Up 0.5 %

Shares of McDonald’s stock opened at $290.25 on Tuesday. The business has a 50-day moving average price of $291.12 and a two-hundred day moving average price of $289.94. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The company has a market cap of $208.00 billion, a P/E ratio of 25.48, a PEG ratio of 3.83 and a beta of 0.73.

McDonald’s Company 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.