McDonald's Co. (NYSE:MCD) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 19.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 437,959 shares of the fast-food giant's stock after acquiring an additional 72,296 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.06% of McDonald's worth $126,960,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the sale, the insider now owns 11,161 shares in the company, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.25% of the stock is owned by corporate insiders.

McDonald's Price Performance

NYSE MCD traded up $1.82 during midday trading on Friday, hitting $313.68. 4,056,929 shares of the company traded hands, compared to its average volume of 3,515,946. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The company's 50-day simple moving average is $312.40 and its 200-day simple moving average is $302.06. The company has a market cap of $224.29 billion, a PE ratio of 27.54, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts' consensus estimates of $2.67. The firm had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The business's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.70 EPS. On average, research analysts predict that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders 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 dividend yield of 2.26%. McDonald's's payout ratio is 62.49%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MCD shares. Morgan Stanley dropped their price target on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a research report on Monday, March 17th. Barclays lifted their price objective on shares of McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. TD Securities reissued a "hold" rating and issued a $300.00 price target on shares of McDonald's in a report on Monday, February 10th. 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 report on Monday, May 5th. Finally, Robert W. Baird increased their target price on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Twelve analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $325.91.

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.