Warren Street Wealth Advisors LLC Acquires New Shares in McDonald's Co. (NYSE:MCD)

Warren Street Wealth Advisors LLC bought a new stake in McDonald's Co. (NYSE:MCD - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 860 shares of the fast-food giant's stock, valued at approximately $269,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mascagni Wealth Management Inc. bought a new stake in McDonald's in the fourth quarter worth approximately $25,000. Atala Financial Inc bought a new stake in shares of McDonald's in the 4th quarter valued at $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of McDonald's during the 4th quarter valued at $27,000. Collier Financial bought a new position in McDonald's during the fourth quarter worth $29,000. Finally, Pinney & Scofield Inc. acquired a new stake in McDonald's in the fourth quarter worth $29,000. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Price Performance

Shares of NYSE MCD traded down $1.54 during mid-day trading on Friday, reaching $307.44. 2,621,006 shares of the company's stock were exchanged, compared to its average volume of 3,492,077. The firm has a market capitalization of $219.83 billion, a price-to-earnings ratio of 26.99, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56. The firm has a 50-day moving average price of $312.41 and a two-hundred day moving average price of $302.46. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the previous year, the firm posted $2.70 earnings per share. The company's revenue for the quarter was down 3.5% on a year-over-year basis. As a group, sell-side analysts forecast that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The company 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. The ex-dividend date is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.30%. McDonald's's payout ratio is 62.49%.

Wall Street Analysts Forecast Growth

MCD has been the topic of several research reports. BTIG Research reiterated a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. Bank of America upped their price target on McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 11th. Citigroup raised their price objective on McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Barclays upped their target price on McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Loop Capital downgraded shares of McDonald's from a "buy" rating to a "hold" rating and reduced their price target for the company from $346.00 to $315.00 in a research report on Friday. Thirteen research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, McDonald's has an average rating of "Moderate Buy" and an average price target of $324.96.

Insider Buying and Selling at McDonald's

In other 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 transaction, the insider now owns 11,161 shares of the company's stock, 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 at the SEC website. 0.25% of the stock is owned by corporate 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.