Blodgett Wealth Advisors LLC Lowers Holdings in McDonald’s Co. (NYSE:MCD)

Blodgett Wealth Advisors LLC decreased its holdings in McDonald’s Co. (NYSE:MCD) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,783 shares of the fast-food giant’s stock after selling 50 shares during the quarter. McDonald’s makes up approximately 0.6% of Blodgett Wealth Advisors LLC’s holdings, making the stock its 25th largest holding. Blodgett Wealth Advisors LLC’s holdings in McDonald’s were worth $807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the company. Kennebec Savings Bank acquired a new position in McDonald’s during the 3rd quarter worth $1,394,000. Charles Schwab Investment Management Inc. increased its holdings in McDonald’s by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after purchasing an additional 49,106 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in McDonald’s by 6.5% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock worth $14,978,000 after acquiring an additional 2,997 shares during the last quarter. PFW Advisors LLC acquired a new position in McDonald’s during the 4th quarter worth approximately $2,471,000. Finally, Weiss Asset Management LP acquired a new position in McDonald’s during the 3rd quarter worth approximately $16,870,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the sale, the insider now owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were 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 approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,406 shares of company stock valued at $2,150,857. 0.23% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MCD shares. Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Bank of America upped their target price on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Citigroup increased their price target on McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Finally, UBS Group increased their price target on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $320.87.

McDonald’s Stock Performance

MCD opened at $290.25 on Tuesday. The company has a fifty day moving average price of $291.12 and a two-hundred day moving average price of $289.94. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The firm has a market capitalization of $208.00 billion, a PE ratio of 25.48, a P/E/G ratio of 3.83 and a beta of 0.73.

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.