First Dallas Securities Inc. Has $833,000 Holdings in McDonald’s Co. (NYSE:MCD)

First Dallas Securities Inc. lifted its position in McDonald’s Co. (NYSE:MCD) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,875 shares of the fast-food giant’s stock after buying an additional 50 shares during the quarter. First Dallas Securities Inc.’s holdings in McDonald’s were worth $833,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Kennebec Savings Bank acquired a new position in McDonald’s during the third quarter worth $1,394,000. Charles Schwab Investment Management Inc. grew its holdings in McDonald’s by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after purchasing an additional 49,106 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in shares of McDonald’s by 6.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock worth $14,978,000 after buying an additional 2,997 shares during the last quarter. PFW Advisors LLC bought a new stake in shares of McDonald’s during the 4th quarter worth $2,471,000. Finally, Weiss Asset Management LP bought a new position in McDonald’s in the 3rd quarter worth $16,870,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $290.25 on Tuesday. The stock has a market capitalization of $208.00 billion, a P/E ratio of 25.48, a P/E/G ratio of 3.83 and a beta of 0.74. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The stock’s 50-day simple moving average is $291.12 and its 200 day simple moving average is $289.94.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MCD shares. Bank of America increased their target price on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Morgan Stanley lowered their price target on McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Wells Fargo & Company raised their price objective on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and cut their target price for the company from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $320.87.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, 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 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 McDonald’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % 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 in the last three months. 0.23% of the stock is currently owned by corporate insiders.

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.