Earned Wealth Advisors LLC Grows Stock Position in McDonald's Corporation (NYSE:MCD)

Key Points

• Earned Wealth Advisors LLC increased its stake in McDonald's by 158.4%, acquiring a total of 2,209 shares worth $690,000 in the latest quarter.
• Multiple institutional investors have also recently purchased stakes in McDonald's, bringing their total institutional ownership to 70.29% of the company.
• The company announced a quarterly dividend of $1.77 per share, resulting in an annual yield of 2.3%, with the dividend payout ratio standing at 62.49%.

Earned Wealth Advisors LLC lifted its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 158.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,209 shares of the fast-food giant's stock after purchasing an additional 1,354 shares during the quarter. Earned Wealth Advisors LLC's holdings in McDonald's were worth $690,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Mascagni Wealth Management Inc. purchased a new stake in shares of McDonald's during the fourth quarter worth approximately $25,000. Pinney & Scofield Inc. purchased a new stake in shares of McDonald's during the fourth quarter worth approximately $29,000. GKV Capital Management Co. Inc. purchased a new stake in shares of McDonald's during the fourth quarter worth approximately $30,000. Abound Financial LLC purchased a new stake in shares of McDonald's during the first quarter worth approximately $30,000. Finally, Copia Wealth Management purchased a new stake in shares of McDonald's during the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the transaction, the insider directly owned 9,283 shares in the company, valued at approximately $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the transaction, the chief marketing officer owned 8,858 shares in the company, valued at $2,657,400. This trade represents a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,817 shares of company stock worth $1,147,992 over the last quarter. 0.25% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MCD shares. Redburn Atlantic reaffirmed a "sell" rating and set a $260.00 price objective (down previously from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Robert W. Baird upped their price objective on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. BMO Capital Markets reaffirmed an "outperform" rating and set a $345.00 price objective (up previously from $340.00) on shares of McDonald's in a report on Monday, May 5th. Erste Group Bank lowered McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Bank of America dropped their price objective on McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a report on Friday, July 18th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $323.39.

McDonald's Stock Up 0.9%

Shares of NYSE:MCD opened at $302.88 on Friday. McDonald's Corporation has a 52-week low of $265.33 and a 52-week high of $326.32. The stock's fifty day simple moving average is $299.44 and its 200-day simple moving average is $303.66. The company has a market capitalization of $216.57 billion, a P/E ratio of 26.73, a P/E/G ratio of 3.17 and a beta of 0.52.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.67. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The business had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the prior year, the business earned $2.70 earnings per share. The business's revenue was down 3.5% on a year-over-year basis. On average, sell-side analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.3%. McDonald's's dividend payout ratio is 62.49%.

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.

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