5,616 Shares in McDonald’s Co. (NYSE:MCD) Purchased by YANKCOM Partnership

YANKCOM Partnership purchased a new stake in McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,616 shares of the fast-food giant’s stock, valued at approximately $1,628,000. McDonald’s accounts for 0.9% of YANKCOM Partnership’s holdings, making the stock its 25th biggest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Legacy Investment Solutions LLC purchased a new stake in McDonald’s during the third quarter valued at about $25,000. RPg Family Wealth Advisory LLC acquired a new position in shares of McDonald’s in the 3rd quarter valued at about $31,000. Hara Capital LLC purchased a new stake in shares of McDonald’s during the 3rd quarter worth about $44,000. Financial Life Planners acquired a new stake in McDonald’s during the 4th quarter worth approximately $49,000. Finally, Peterson Financial Group Inc. purchased a new position in McDonald’s in the third quarter valued at approximately $58,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Down 0.4 %

Shares of NYSE:MCD opened at $288.49 on Thursday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The firm has a market capitalization of $206.74 billion, a P/E ratio of 25.33, a PEG ratio of 3.83 and a beta of 0.74. The firm’s 50 day moving average is $290.88 and its two-hundred day moving average is $290.38.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the transaction, the insider now owns 9,286 shares in the company, valued at $2,716,155. This trade represents a 10.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the company’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 value of $436,134.05. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $453,882. This trade represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,406 shares of company stock worth $2,150,857. 0.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MCD has been the topic of a number of research reports. Loop Capital reissued a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Guggenheim cut 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. Morgan Stanley lowered their target price on McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Citigroup lifted their price objective on shares of McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Finally, Barclays lifted their price target on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Eleven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $319.57.

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.