Crewe Advisors LLC Sells 290 Shares of McDonald’s Co. (NYSE:MCD)

Crewe Advisors LLC cut its position in shares of McDonald’s Co. (NYSE:MCD) by 12.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,056 shares of the fast-food giant’s stock after selling 290 shares during the quarter. Crewe Advisors LLC’s holdings in McDonald’s were worth $596,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in shares of McDonald’s in the 3rd quarter worth approximately $25,000. RPg Family Wealth Advisory LLC purchased a new position in McDonald’s during the third quarter valued at approximately $31,000. Hara Capital LLC bought a new position in shares of McDonald’s in the third quarter worth $44,000. Financial Life Planners purchased a new stake in shares of McDonald’s in the 4th quarter valued at about $49,000. Finally, Peterson Financial Group Inc. bought a new stake in McDonald’s during 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 12-month low of $243.53 and a 12-month high of $317.90. The stock has a market cap of $206.74 billion, a PE ratio of 25.33, a P/E/G ratio of 3.83 and a beta of 0.74. The company has a 50-day moving average of $290.88 and a 200 day moving average of $290.38.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of analyst reports. Barclays increased their price objective on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Piper Sandler lowered their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday. KeyCorp cut their price objective on McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Evercore ISI increased their target price 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. Finally, UBS Group upped their price target on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Eleven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $319.57.

Insiders Place Their Bets

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 transaction of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,406 shares of company stock worth $2,150,857 over the last three months. Company insiders own 0.23% of the company’s stock.

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.