Breakthru Advisory Services LLC Makes New Investment in McDonald's Co. (NYSE:MCD)

Breakthru Advisory Services LLC bought a new stake in shares of McDonald's Co. (NYSE:MCD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,223 shares of the fast-food giant's stock, valued at approximately $355,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MCD. Atala Financial Inc purchased a new stake in McDonald's during the 4th quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in McDonald's in the 4th quarter worth approximately $27,000. Collier Financial acquired a new position in shares of McDonald's during the 4th quarter worth approximately $29,000. Fairway Wealth LLC boosted its holdings in shares of McDonald's by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after purchasing an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new stake in shares of McDonald's in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

McDonald's Stock Down 0.7%

MCD opened at $314.28 on Friday. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The business has a fifty day simple moving average of $311.46 and a 200-day simple moving average of $301.32. The firm has a market cap of $224.72 billion, a P/E ratio of 27.59, a P/E/G ratio of 3.10 and a beta of 0.57.

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, hitting the consensus estimate of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. McDonald's's revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.70 EPS. Sell-side analysts expect that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The firm also recently declared 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 is Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.25%. McDonald's's dividend payout ratio is presently 62.49%.

Analysts Set New Price Targets

A number of brokerages recently commented on MCD. JPMorgan Chase & Co. lifted their price objective on McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Citigroup raised their target price on McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. BMO Capital Markets reissued an "outperform" rating and set a $345.00 price target (up previously from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Robert W. Baird upped their price objective on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, Northcoast Research cut shares of McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Eleven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, McDonald's has a consensus rating of "Moderate Buy" and a consensus price target of $325.91.

Insider Activity

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $305.00, for a total transaction of $286,395.00. Following the sale, the insider now directly owns 13,978 shares in the company, valued at $4,263,290. This represents a 6.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Manuel Jm Steijaert sold 10,459 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the completion of the transaction, the executive vice president now owns 4,606 shares of the company's stock, valued at approximately $1,421,918.26. This trade represents a 69.43% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,337 shares of company stock valued at $4,123,534. 0.25% of the stock is currently owned by company insiders.

About McDonald's

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.

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