Aletheian Wealth Advisors LLC Takes $282,000 Position in McDonald's Co. (NYSE:MCD)

Aletheian Wealth Advisors LLC purchased a new position in McDonald's Co. (NYSE:MCD - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 902 shares of the fast-food giant's stock, valued at approximately $282,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MCD. Brighton Jones LLC boosted its holdings in McDonald's by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after purchasing an additional 1,649 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in shares of McDonald's during the 4th quarter worth about $64,805,000. Revolve Wealth Partners LLC lifted its stake in McDonald's by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock worth $563,000 after purchasing an additional 52 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new stake in McDonald's during the fourth quarter worth approximately $90,000. Finally, Caprock Group LLC boosted its holdings in shares of McDonald's by 5.7% in the 4th quarter. Caprock Group LLC now owns 15,441 shares of the fast-food giant's stock valued at $4,476,000 after buying an additional 836 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

McDonald's Stock Performance

Shares of NYSE:MCD traded down $2.70 on Thursday, hitting $308.87. The stock had a trading volume of 1,393,047 shares, compared to its average volume of 3,488,855. The company has a market capitalization of $220.85 billion, a price-to-earnings ratio of 27.12, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56. The firm's 50 day moving average price is $312.49 and its 200-day moving average price is $302.34. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.67. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The company had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. During the same quarter in the previous year, the company posted $2.70 earnings per share. McDonald's's quarterly revenue was down 3.5% compared to the same quarter last year. As a group, sell-side analysts predict that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.29%. McDonald's's payout ratio is 62.49%.

Insider Activity at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the transaction, the insider now directly owns 11,161 shares in the company, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MCD shares. Morgan Stanley dropped their price target on McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a research note on Monday, March 17th. Barclays lifted their target price on shares of McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Bank of America increased their price target on shares of McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Wedbush lifted their price objective on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Finally, Citigroup boosted their target price on McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Twelve equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $326.13.

McDonald's Profile

McDonald's Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.