Alliance Wealth Advisors LLC UT Buys 431 Shares of McDonald’s Co. (NYSE:MCD)

Alliance Wealth Advisors LLC UT grew its stake in McDonald’s Co. (NYSE:MCD) by 3.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,476 shares of the fast-food giant’s stock after acquiring an additional 431 shares during the period. McDonald’s makes up 0.9% of Alliance Wealth Advisors LLC UT’s investment portfolio, making the stock its 28th largest position. Alliance Wealth Advisors LLC UT’s holdings in McDonald’s were worth $3,617,000 at the end of the most recent quarter.

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

McDonald’s Price Performance

Shares of MCD stock opened at $290.25 on Tuesday. The company has a fifty day moving average price of $291.12 and a two-hundred day moving average price of $289.94. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The stock has a market cap of $208.00 billion, a P/E ratio of 25.48, a P/E/G ratio of 3.83 and a beta of 0.73.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Robert W. Baird downgraded McDonald’s from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. Truist Financial lowered their target price on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Citigroup upped their price target on shares of McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Finally, Evercore ISI raised their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $320.87.

Insider Activity at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction 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 owns 9,675 shares in the company, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the sale, the insider now directly owns 9,286 shares of the company’s stock, valued at $2,716,155. This represents a 10.58 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,406 shares of company stock worth $2,150,857. Insiders own 0.23% of the company’s stock.

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.