Meritage Portfolio Management Has $1.44 Million Stake in McDonald’s Co. (NYSE:MCD)

Meritage Portfolio Management lowered its stake in McDonald’s Co. (NYSE:MCD) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,957 shares of the fast-food giant’s stock after selling 162 shares during the period. Meritage Portfolio Management’s holdings in McDonald’s were worth $1,437,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MCD. Choreo LLC boosted its position in McDonald’s by 43.9% in the 4th quarter. Choreo LLC now owns 58,128 shares of the fast-food giant’s stock valued at $16,841,000 after buying an additional 17,743 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of McDonald’s by 16.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 79,588 shares of the fast-food giant’s stock valued at $21,744,000 after acquiring an additional 11,177 shares during the period. Virginia Wealth Management Group Inc. boosted its holdings in McDonald’s by 0.6% in the fourth quarter. Virginia Wealth Management Group Inc. now owns 13,799 shares of the fast-food giant’s stock valued at $4,000,000 after acquiring an additional 86 shares during the last quarter. Jericho Financial LLP acquired a new stake in McDonald’s in the fourth quarter worth about $3,767,000. Finally, Weaver Capital Management LLC raised its holdings in McDonald’s by 20.5% during the 4th quarter. Weaver Capital Management LLC now owns 9,707 shares of the fast-food giant’s stock worth $2,814,000 after purchasing an additional 1,653 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

MCD has been the topic of several recent research reports. Loop Capital reaffirmed a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Wells Fargo & Company raised their price objective on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Evercore ISI upped their target price on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Guggenheim downgraded McDonald’s from a “buy” rating to a “neutral” rating and cut their price target for the company from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Finally, Citigroup lifted their price objective on McDonald’s from $334.00 to $336.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. 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.

McDonald’s Price Performance

MCD opened at $288.49 on Thursday. The company has a market capitalization of $206.74 billion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 3.83 and a beta of 0.74. The business’s 50-day moving average price is $290.88 and its two-hundred day moving average price is $290.38. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

Insider Activity at McDonald’s

In other 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 completion of the transaction, the insider now directly owns 9,286 shares of the company’s stock, valued at $2,716,155. This trade represents a 10.58 % decrease in their position. The sale 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 business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,406 shares of company stock valued at $2,150,857. 0.23% of the stock is owned by insiders.

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.