Lederer & Associates Investment Counsel CA Has $1.03 Million Position in McDonald’s Co. (NYSE:MCD)

Lederer & Associates Investment Counsel CA lowered its holdings in shares of McDonald’s Co. (NYSE:MCD) by 49.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,556 shares of the fast-food giant’s stock after selling 3,419 shares during the quarter. Lederer & Associates Investment Counsel CA’s holdings in McDonald’s were worth $1,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Steigerwald Gordon & Koch Inc. boosted its stake in shares of McDonald’s by 2.4% in the 3rd quarter. Steigerwald Gordon & Koch Inc. now owns 1,422 shares of the fast-food giant’s stock valued at $433,000 after purchasing an additional 33 shares in the last quarter. Riversedge Advisors LLC boosted its stake in shares of McDonald’s by 2.0% in the 3rd quarter. Riversedge Advisors LLC now owns 1,686 shares of the fast-food giant’s stock valued at $513,000 after purchasing an additional 33 shares in the last quarter. Proquility Private Wealth Partners LLC boosted its stake in shares of McDonald’s by 1.0% in the 3rd quarter. Proquility Private Wealth Partners LLC now owns 3,472 shares of the fast-food giant’s stock valued at $1,057,000 after purchasing an additional 35 shares in the last quarter. Clear Creek Financial Management LLC boosted its stake in shares of McDonald’s by 2.8% in the 3rd quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock valued at $396,000 after purchasing an additional 35 shares in the last quarter. Finally, GDS Wealth Management boosted its stake in shares of McDonald’s by 1.4% in the 3rd quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock valued at $762,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity

In related news, insider Joseph M. Erlinger sold 300 shares of the 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 directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,406 shares of company stock valued at $2,150,857 in the last ninety days. 0.23% of the stock is owned by insiders.

McDonald’s Price Performance

Shares of MCD stock opened at $288.83 on Monday. The stock has a market cap 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. The stock has a 50-day moving average of $291.12 and a 200-day moving average of $289.73. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MCD shares. UBS Group boosted their target price on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Baird R W downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company upped their price target on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Morgan Stanley reduced their price target on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Finally, Truist Financial reduced their price target on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $320.87.

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.