Choreo LLC Grows Stock Position in McDonald’s Co. (NYSE:MCD)

Choreo LLC raised its stake in shares of McDonald’s Co. (NYSE:MCD) by 43.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 58,128 shares of the fast-food giant’s stock after buying an additional 17,743 shares during the period. Choreo LLC’s holdings in McDonald’s were worth $16,841,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s during the 3rd quarter valued at about $25,000. RPg Family Wealth Advisory LLC acquired a new stake in McDonald’s in the 3rd quarter worth about $31,000. Hara Capital LLC acquired a new stake in McDonald’s in the 3rd quarter worth about $44,000. Financial Life Planners acquired a new position in shares of McDonald’s during the 4th quarter worth approximately $49,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of McDonald’s during the 3rd quarter worth approximately $58,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MCD shares. Barclays lifted their price target on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. BMO Capital Markets boosted their target price 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. Citigroup boosted their target price on shares of McDonald’s from $334.00 to $336.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Bank of America upped their price objective on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, KeyCorp reduced their target price on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Eleven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average target price of $319.58.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the transaction, the insider now owns 9,286 shares in the company, valued at $2,716,155. The trade was a 10.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s 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 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 7,406 shares of company stock worth $2,150,857 in the last quarter. 0.23% of the stock is owned by insiders.

McDonald’s Stock 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 firm’s 50 day moving average price is $290.88 and its 200 day moving average price is $290.38. The firm has a market cap of $207.82 billion, a P/E ratio of 25.46, a price-to-earnings-growth ratio of 3.83 and a beta of 0.74.

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.