McDonald's Co. (NYSE:MCD) Stake Raised by SOA Wealth Advisors LLC.

SOA Wealth Advisors LLC. boosted its position in McDonald's Co. (NYSE:MCD - Free Report) by 245.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 9,327 shares of the fast-food giant's stock after acquiring an additional 6,629 shares during the period. SOA Wealth Advisors LLC.'s holdings in McDonald's were worth $2,913,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Mascagni Wealth Management Inc. purchased a new stake in shares of McDonald's during the 4th quarter valued at $25,000. Atala Financial Inc purchased a new stake in McDonald's during the fourth quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in McDonald's during the fourth quarter worth about $27,000. Collier Financial purchased a new position in shares of McDonald's in the 4th quarter worth about $29,000. Finally, Pinney & Scofield Inc. acquired a new position in shares of McDonald's in the 4th quarter valued at about $29,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction 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 completion of the transaction, the insider now directly owns 11,161 shares in the company, valued at $3,516,496.27. This represents a 7.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

MCD has been the subject of several research reports. Truist Financial set a $350.00 price objective on shares of McDonald's in a research note on Friday, May 2nd. KeyCorp upped their target price on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Robert W. Baird raised their target price on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. upped their price target on McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Finally, BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Fourteen research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $324.48.

McDonald's Trading Down 0.8%

McDonald's stock traded down $2.52 during mid-day trading on Monday, reaching $304.84. The company's stock had a trading volume of 4,058,805 shares, compared to its average volume of 3,499,732. The firm has a market cap of $217.97 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 3.10 and a beta of 0.56. The business has a 50 day moving average price of $312.29 and a 200-day moving average price of $302.76. 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 quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to the consensus estimate of $6.17 billion. During the same period last year, the firm posted $2.70 EPS. The company's revenue for the quarter was down 3.5% on a year-over-year basis. On average, equities analysts expect that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $1.77 dividend. The ex-dividend date is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.32%. McDonald's's payout ratio is currently 62.49%.

McDonald's Company 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.