Inman Jager Wealth Management LLC Takes Position in McDonald’s Co. (NYSE:MCD)

Inman Jager Wealth Management LLC bought a new stake in shares of McDonald’s Co. (NYSE:MCD) in the fourth quarter, Holdings Channel.com reports. The fund bought 4,776 shares of the fast-food giant’s stock, valued at approximately $1,385,000. McDonald’s accounts for 1.1% of Inman Jager Wealth Management LLC’s portfolio, making the stock its 26th largest position.

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

McDonald’s Stock Down 0.4 %

MCD stock opened at $288.49 on Thursday. The business 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 cap 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 fifty-two week low of $243.53 and a fifty-two week high of $317.90.

Analyst Ratings Changes

A number of research firms recently weighed in on MCD. Citigroup upped their price objective on shares of McDonald’s from $334.00 to $336.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Bank of America increased their price target on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Truist Financial decreased their price target on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. KeyCorp decreased their price target 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. Finally, Loop Capital reissued a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. Eleven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and a consensus target price of $319.57.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 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 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. 0.23% of the stock is owned by insiders.

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.