Stratos Investment Management LLC Sells 159 Shares of McDonald’s Co. (NYSE:MCD)

Stratos Investment Management LLC reduced its position in McDonald’s Co. (NYSE:MCD) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,766 shares of the fast-food giant’s stock after selling 159 shares during the quarter. Stratos Investment Management LLC’s holdings in McDonald’s were worth $1,672,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in MCD. Legacy Investment Solutions LLC bought a new position in McDonald’s in the third quarter worth about $25,000. RPg Family Wealth Advisory LLC bought a new position in McDonald’s in the third quarter worth about $31,000. Hara Capital LLC bought a new position in McDonald’s in the third quarter worth about $44,000. Financial Life Planners bought a new position in McDonald’s in the fourth quarter worth about $49,000. Finally, Peterson Financial Group Inc. bought a new position in McDonald’s in the third quarter worth about $58,000. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MCD has been the topic of a number of recent research reports. BMO Capital Markets upped their target price on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Evercore ISI lifted their target price on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. KeyCorp lowered their price objective on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Bank of America increased their price objective on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company raised their price target on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Eleven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $319.58.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 300 shares of the company’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 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. This represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the 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 transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,406 shares of company stock worth $2,150,857. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 0.0 %

MCD stock opened at $290.00 on Wednesday. The company has a market cap of $207.82 billion, a P/E ratio of 25.46, a P/E/G ratio of 3.83 and a beta of 0.74. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The company’s 50-day moving average price is $291.00 and its 200 day moving average price is $290.15.

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.