Holistic Planning LLC Has $588,000 Stock Position in McDonald’s Co. (NYSE:MCD)

Holistic Planning LLC lowered its holdings in shares of McDonald’s Co. (NYSE:MCD) by 3.4% in the fourth quarter, HoldingsChannel reports. The firm owned 2,029 shares of the fast-food giant’s stock after selling 72 shares during the period. Holistic Planning LLC’s holdings in McDonald’s were worth $588,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kennebec Savings Bank bought a new stake in McDonald’s in the 3rd quarter valued at $1,394,000. Charles Schwab Investment Management Inc. raised its position in shares of McDonald’s by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after purchasing an additional 49,106 shares during the period. U.S. Capital Wealth Advisors LLC lifted its stake in shares of McDonald’s by 6.5% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock worth $14,978,000 after buying an additional 2,997 shares during the last quarter. PFW Advisors LLC bought a new stake in shares of McDonald’s during the 4th quarter worth about $2,471,000. Finally, Weiss Asset Management LP acquired a new position in McDonald’s in the 3rd quarter valued at about $16,870,000. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares in the company, valued at $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s 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 of the company’s stock, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,406 shares of company stock worth $2,150,857 in the last ninety days. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on MCD shares. Evercore ISI raised their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. TD Cowen reaffirmed a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a report on Tuesday, October 29th. Guggenheim downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their price objective for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Finally, KeyCorp reduced their price target on McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $320.87.

McDonald’s Trading Down 0.5 %

Shares of MCD stock opened at $288.83 on Monday. The firm has a market capitalization of $206.98 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 3.83 and a beta of 0.74. The business’s 50-day moving average price is $291.12 and its 200-day moving average price is $289.94. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

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.