Silverlake Wealth Management LLC Decreases Holdings in McDonald’s Co. (NYSE:MCD)

Silverlake Wealth Management LLC lowered its position in McDonald’s Co. (NYSE:MCD) by 22.7% in the 4th quarter, HoldingsChannel reports. The fund owned 2,189 shares of the fast-food giant’s stock after selling 644 shares during the period. Silverlake Wealth Management LLC’s holdings in McDonald’s were worth $635,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in MCD. Legacy Investment Solutions LLC bought a new stake in McDonald’s in the 3rd quarter worth approximately $25,000. RPg Family Wealth Advisory LLC purchased a new stake in McDonald’s in the third quarter worth $31,000. Hara Capital LLC purchased a new stake in McDonald’s in the third quarter worth $44,000. Financial Life Planners purchased a new stake in McDonald’s in the fourth quarter worth $49,000. Finally, Peterson Financial Group Inc. bought a new stake in McDonald’s in the third quarter worth $58,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Barclays upped their price target on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Evercore ISI increased their target price on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. UBS Group raised their price objective on 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 lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets raised their price target on 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 eighteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $319.58.

Insider Activity at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction 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 transaction, the insider now owns 7,887 shares of the company’s stock, valued at $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,406 shares of company stock worth $2,150,857. 0.23% of the stock is currently owned by company insiders.

McDonald’s Trading Down 0.0 %

Shares of NYSE MCD opened at $290.00 on Wednesday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The company has a market cap of $207.82 billion, a PE ratio of 25.46, a P/E/G ratio of 3.83 and a beta of 0.74. The company has a 50-day moving average of $291.00 and a two-hundred day moving average of $290.15.

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.