YANKCOM Partnership Makes New $1.63 Million Investment in McDonald’s Co. (NYSE:MCD)

YANKCOM Partnership acquired a new stake in McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 5,616 shares of the fast-food giant’s stock, valued at approximately $1,628,000. McDonald’s accounts for about 0.9% of YANKCOM Partnership’s portfolio, making the stock its 25th largest position.

Other institutional investors also recently modified their holdings of the company. Czech National Bank raised its holdings in McDonald’s by 6.4% in the 3rd quarter. Czech National Bank now owns 146,130 shares of the fast-food giant’s stock valued at $44,498,000 after acquiring an additional 8,797 shares in the last quarter. Callan Family Office LLC bought a new stake in shares of McDonald’s during the 3rd quarter valued at about $217,000. Atomi Financial Group Inc. increased its position in McDonald’s by 21.7% in the 3rd quarter. Atomi Financial Group Inc. now owns 4,499 shares of the fast-food giant’s stock valued at $1,370,000 after buying an additional 802 shares in the last quarter. Country Trust Bank boosted its stake in McDonald’s by 64.1% during the 3rd quarter. Country Trust Bank now owns 476 shares of the fast-food giant’s stock valued at $145,000 after purchasing an additional 186 shares during the last quarter. Finally, Olistico Wealth LLC increased its holdings in McDonald’s by 9.7% during the 3rd quarter. Olistico Wealth LLC now owns 4,507 shares of the fast-food giant’s stock worth $1,373,000 after purchasing an additional 400 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $453,882. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,406 shares of company stock worth $2,150,857. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD opened at $288.49 on Thursday. The stock has a 50 day moving average price of $290.88 and a 200 day moving average price of $290.38. The stock has a market capitalization of $206.74 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 3.83 and a beta of 0.74. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MCD. Citigroup increased their target price on shares of McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. UBS Group boosted their target price on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Loop Capital reiterated a “buy” rating and set a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Barclays raised their target price on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and a consensus target price of $319.57.

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.