HHM Wealth Advisors LLC Has $239,000 Stock Position in McDonald’s Co. (NYSE:MCD)

HHM Wealth Advisors LLC boosted its stake in shares of McDonald’s Co. (NYSE:MCD) by 13.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 825 shares of the fast-food giant’s stock after purchasing an additional 98 shares during the quarter. HHM Wealth Advisors LLC’s holdings in McDonald’s were worth $239,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s during the 3rd quarter valued at about $25,000. RPg Family Wealth Advisory LLC bought a new position in McDonald’s during the third quarter worth about $31,000. Hara Capital LLC acquired a new stake in McDonald’s during the third quarter valued at approximately $44,000. Peterson Financial Group Inc. bought a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $58,000. Finally, FSA Wealth Management LLC acquired a new position in shares of McDonald’s in the 3rd quarter worth approximately $72,000. 70.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $453,882. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,406 shares of company stock worth $2,150,857 over the last quarter. 0.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MCD has been the topic of a number of recent analyst reports. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and reduced their price target for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Barclays increased their price target on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Truist Financial reduced their price objective on McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Argus raised McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $320.87.

McDonald’s Stock Performance

Shares of MCD stock opened at $290.25 on Tuesday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The firm’s 50-day simple moving average is $291.12 and its two-hundred day simple moving average is $289.94. The firm has a market cap of $208.00 billion, a price-to-earnings ratio of 25.48, a P/E/G ratio of 3.83 and a beta of 0.73.

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.