Country Club Bank Trims Stake in McDonald’s Co. (NYSE:MCD)

Country Club Bank reduced its position in shares of McDonald’s Co. (NYSE:MCD) by 0.7% in the fourth quarter, Holdings Channel reports. The firm owned 9,877 shares of the fast-food giant’s stock after selling 71 shares during the period. Country Club Bank’s holdings in McDonald’s were worth $2,860,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of McDonald’s by 16.3% during the 4th 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 purchasing an additional 11,177 shares in the last quarter. Virginia Wealth Management Group Inc. lifted 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 acquiring an additional 86 shares during the last quarter. Jericho Financial LLP bought a new stake in shares of McDonald’s during the 4th quarter worth $3,767,000. Weaver Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 1,653 shares during the last quarter. Finally, Osprey Private Wealth LLC lifted its holdings in shares of McDonald’s by 3.5% during the 4th quarter. Osprey Private Wealth LLC now owns 8,785 shares of the fast-food giant’s stock worth $2,547,000 after acquiring an additional 300 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MCD. Morgan Stanley dropped their price objective on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Wells Fargo & Company lifted their price objective on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Bank of America boosted their price target on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Evercore ISI boosted their price target on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Finally, UBS Group boosted their price target on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Eleven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $319.58.

McDonald’s Price Performance

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’s 50-day moving average is $291.00 and its 200 day moving average is $290.15. The stock has a market capitalization of $207.82 billion, a P/E ratio of 25.46, a P/E/G ratio of 3.83 and a beta of 0.74.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the sale, the insider now owns 9,286 shares in the company, valued at approximately $2,716,155. This trade represents a 10.58 % 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 90 days. 0.23% of the stock is owned by company insiders.

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.