McDonald’s Co. (NYSE:MCD) Shares Acquired by Meadow Creek Wealth Advisors LLC

Meadow Creek Wealth Advisors LLC increased its position in shares of McDonald’s Co. (NYSE:MCD) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,794 shares of the fast-food giant’s stock after acquiring an additional 89 shares during the quarter. McDonald’s makes up approximately 0.8% of Meadow Creek Wealth Advisors LLC’s holdings, making the stock its 29th biggest holding. Meadow Creek Wealth Advisors LLC’s holdings in McDonald’s were worth $1,100,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MCD. Legacy Investment Solutions LLC purchased a new stake in McDonald’s in the 3rd quarter valued at about $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s in the third quarter worth approximately $31,000. Hara Capital LLC purchased a new stake in McDonald’s in the third quarter valued at approximately $44,000. Financial Life Planners purchased a new position in McDonald’s during the fourth quarter worth approximately $49,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of McDonald’s in the 3rd quarter valued at $58,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MCD. UBS Group increased their target price on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Robert W. Baird cut shares of McDonald’s from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $320.00 to $290.00 in a research report on Wednesday, October 23rd. TD Cowen reissued a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. Loop Capital reaffirmed a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. Finally, Evercore ISI raised their price objective on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $319.57.

McDonald’s Stock Performance

McDonald’s stock opened at $288.49 on Thursday. The firm 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 company has a 50 day moving average price of $290.88 and a 200 day moving average price of $290.38. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

Insider Activity

In related news, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,406 shares of company stock worth $2,150,857. 0.23% of the stock is owned by corporate 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.