B. Riley Wealth Advisors Inc. Has $15.25 Million Stock Position in McDonald's Co. (NYSE:MCD)

B. Riley Wealth Advisors Inc. trimmed its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,621 shares of the fast-food giant's stock after selling 1,787 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in McDonald's were worth $15,254,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MCD. Atala Financial Inc purchased a new stake in shares of McDonald's during the fourth quarter valued at $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in McDonald's during the 4th quarter worth about $27,000. Collier Financial purchased a new stake in McDonald's during the fourth quarter valued at about $29,000. Pinney & Scofield Inc. purchased a new stake in McDonald's during the fourth quarter valued at about $29,000. Finally, Fairway Wealth LLC boosted its holdings in shares of McDonald's by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after buying an additional 55 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald's Price Performance

MCD traded down $2.09 during midday trading on Wednesday, hitting $312.86. 1,933,308 shares of the company's stock traded hands, compared to its average volume of 3,531,653. The company has a market cap of $223.71 billion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. The stock's fifty day simple moving average is $311.99 and its 200-day simple moving average is $301.75. McDonald's Co. has a one year low of $243.53 and a one year 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 EPS for the quarter, hitting the consensus estimate of $2.67. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The firm 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 posted $2.70 earnings per share. The business's quarterly revenue was down 3.5% on a year-over-year basis. On average, research analysts expect that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald's's payout ratio is 62.49%.

Insider Buying and Selling

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total transaction of $295,850.73. Following the transaction, the insider now owns 11,161 shares in the company, valued at $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the sale, the executive vice president now directly owns 5,564 shares of the company's stock, valued at approximately $1,720,778.28. This represents a 15.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,878 shares of company stock worth $904,192. 0.25% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MCD shares. Citigroup boosted their price target on shares of McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. boosted their target price on shares of McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. BTIG Research restated a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. TD Securities reiterated a "hold" rating and set a $300.00 price target on shares of McDonald's in a report on Monday, February 10th. Finally, Wedbush increased their price objective on McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Twelve research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $325.91.

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.