FORM Wealth Advisors LLC Acquires Shares of 4,169 McDonald's Corporation (NYSE:MCD)

FORM Wealth Advisors LLC acquired a new stake in McDonald's Corporation (NYSE:MCD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,169 shares of the fast-food giant's stock, valued at approximately $1,302,000. McDonald's accounts for approximately 0.2% of FORM Wealth Advisors LLC's holdings, making the stock its 22nd largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of MCD. Mascagni Wealth Management Inc. acquired a new stake in McDonald's during the 4th quarter worth approximately $25,000. Atala Financial Inc acquired a new stake in McDonald's during the 4th quarter worth approximately $26,000. Pinney & Scofield Inc. acquired a new stake in McDonald's during the 4th quarter worth approximately $29,000. Fairway Wealth LLC lifted its holdings in 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. acquired a new stake in McDonald's during the 4th quarter worth approximately $30,000. Institutional investors own 70.29% of the company's stock.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of recent research reports. KeyCorp raised their price objective on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. Argus lowered McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. TD Securities restated a "hold" rating and set a $305.00 price objective on shares of McDonald's in a research note on Thursday, June 5th. Morgan Stanley restated an "equal weight" rating and set a $324.00 price objective (down previously from $329.00) on shares of McDonald's in a research note on Monday, June 9th. Finally, BMO Capital Markets restated an "outperform" rating and set a $345.00 price objective (up previously from $340.00) on shares of McDonald's in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $321.79.

Insiders Place Their Bets

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the transaction, the insider now directly owns 10,222 shares of the company's stock, valued at approximately $2,949,251.44. The trade was a 8.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 2,817 shares of company stock valued at $865,843. 0.25% of the stock is currently owned by company insiders.

McDonald's Stock Up 0.7%

NYSE MCD opened at $289.42 on Tuesday. McDonald's Corporation has a twelve month low of $243.53 and a twelve month high of $326.32. The company has a market cap of $206.94 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The business's fifty day moving average is $310.02 and its 200 day moving average is $302.79.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share 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 company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter last year, the business posted $2.70 EPS. McDonald's's revenue for the quarter was down 3.5% on a year-over-year basis. On average, research analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.45%. The ex-dividend date was Monday, June 2nd. McDonald's's payout ratio is presently 62.49%.

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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