Financial Partners Group Inc Has $484,000 Stock Holdings in McDonald’s Co. (NYSE:MCD)

Financial Partners Group Inc lowered its holdings in shares of McDonald’s Co. (NYSE:MCD) by 6.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,668 shares of the fast-food giant’s stock after selling 122 shares during the period. Financial Partners Group Inc’s holdings in McDonald’s were worth $484,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Catalina Capital Group LLC lifted its stake in McDonald’s by 1.9% in the 4th quarter. Catalina Capital Group LLC now owns 2,412 shares of the fast-food giant’s stock valued at $699,000 after purchasing an additional 45 shares during the last quarter. S.A. Mason LLC increased its holdings in shares of McDonald’s by 2.1% during the fourth quarter. S.A. Mason LLC now owns 3,096 shares of the fast-food giant’s stock worth $897,000 after buying an additional 64 shares in the last quarter. Oregon Pacific Wealth Management LLC bought a new position in shares of McDonald’s in the 4th quarter valued at $1,229,000. Abner Herrman & Brock LLC boosted its holdings in shares of McDonald’s by 1.2% during the 4th quarter. Abner Herrman & Brock LLC now owns 56,636 shares of the fast-food giant’s stock valued at $16,418,000 after acquiring an additional 672 shares in the last quarter. Finally, FSM Wealth Advisors LLC grew its position in McDonald’s by 9.4% during the 4th quarter. FSM Wealth Advisors LLC now owns 1,079 shares of the fast-food giant’s stock worth $302,000 after acquiring an additional 93 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 directly owns 1,560 shares of the company’s stock, valued at approximately $453,882. The trade was a 49.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through 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 shares were 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 represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,406 shares of company stock valued at $2,150,857. 0.23% of the stock is owned by company insiders.

McDonald’s Price Performance

MCD stock opened at $288.83 on Monday. The company’s 50-day moving average is $291.12 and its 200-day moving average is $289.73. The stock has a market capitalization of $206.98 billion, a PE ratio of 25.36, a price-to-earnings-growth ratio of 3.83 and a beta of 0.74. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MCD shares. KeyCorp dropped their target price on McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Wedbush reiterated an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a report on Wednesday, October 23rd. Barclays boosted their target price on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. TD Cowen reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research note on Tuesday, October 29th. Finally, Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $320.87.

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.