Meritage Portfolio Management Has $1.44 Million Holdings 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 its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

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

McDonald’s Trading Down 0.4 %

Shares of MCD opened at $288.49 on Thursday. The stock has a market cap of $206.74 billion, a PE ratio of 25.33, a PEG ratio of 3.83 and a beta of 0.74. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The stock has a 50 day simple moving average of $290.88 and a 200-day simple moving average of $290.38.

Analyst Ratings Changes

A number of research firms have issued reports on MCD. Wedbush restated an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a report on Wednesday, October 23rd. UBS Group increased their target price on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Guggenheim downgraded McDonald’s from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. KeyCorp reduced their price objective on 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, BMO Capital Markets raised their price objective on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Eleven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $319.57.

Insiders Place Their Bets

In related news, 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 transaction of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares in the company, valued at $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 available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the transaction, the insider now owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. The trade was a 11.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,406 shares of company stock worth $2,150,857 over the last three months. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s 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.