Lazari Capital Management Inc. Lowers Holdings in McDonald’s Co. (NYSE:MCD)

Lazari Capital Management Inc. reduced its stake in shares of McDonald’s Co. (NYSE:MCD) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,871 shares of the fast-food giant’s stock after selling 84 shares during the quarter. Lazari Capital Management Inc.’s holdings in McDonald’s were worth $542,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MCD. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s in the third quarter valued at about $25,000. RPg Family Wealth Advisory LLC acquired a new stake in McDonald’s during the third quarter worth about $31,000. Hara Capital LLC acquired a new stake in McDonald’s during the third quarter worth about $44,000. Peterson Financial Group Inc. purchased a new position in McDonald’s during the third quarter worth approximately $58,000. Finally, FSA Wealth Management LLC purchased a new position in McDonald’s during the third quarter worth approximately $72,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Trading Down 0.5 %

Shares of MCD opened at $288.83 on Monday. The firm has a market capitalization of $206.98 billion, a P/E ratio of 25.36, a price-to-earnings-growth ratio of 3.83 and a beta of 0.74. The stock’s fifty day simple moving average is $291.12 and its 200 day simple moving average is $289.94. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $453,882. This represents a 49.00 % decrease in their ownership of the stock. 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 currently owned by company insiders.

Wall Street Analyst Weigh In

MCD has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Barclays raised their target price on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. KeyCorp reduced their price objective on McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. BMO Capital Markets lifted their price objective on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $320.87.

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.