Wealthedge Investment Advisors LLC Buys Shares of 1,430 McDonald's Co. (NYSE:MCD)

Wealthedge Investment Advisors LLC bought a new stake in McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,430 shares of the fast-food giant's stock, valued at approximately $415,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atala Financial Inc purchased a new position in McDonald's in the fourth quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of McDonald's during the fourth quarter worth about $27,000. Collier Financial purchased a new stake in shares of McDonald's during the fourth quarter worth about $29,000. Pinney & Scofield Inc. purchased a new stake in shares of McDonald's during the fourth quarter worth about $29,000. Finally, Fairway Wealth LLC grew its stake in shares of McDonald's by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after acquiring an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

McDonald's Stock Up 0.6%

Shares of MCD stock traded up $1.82 during trading hours on Friday, hitting $313.68. 4,056,929 shares of the company's stock were exchanged, compared to its average volume of 3,526,395. The firm has a market cap of $224.29 billion, a P/E ratio of 27.54, a P/E/G ratio of 3.10 and a beta of 0.57. The firm has a 50 day moving average of $312.27 and a two-hundred day moving average of $301.89. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting the consensus estimate of $2.67. The business had revenue of $5.96 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the company posted $2.70 EPS. On average, equities analysts forecast that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend 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 related news, insider Joseph M. Erlinger sold 939 shares of the business's 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 completion of the sale, the insider now directly owns 11,161 shares in the company, valued at approximately $3,516,496.27. The trade was a 7.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is owned by company insiders.

Analysts Set New Price Targets

MCD has been the topic of a number of research analyst reports. Morgan Stanley dropped their price target on McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a research note on Monday, March 17th. Wedbush boosted their price target on McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Robert W. Baird upped their target price on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. BMO Capital Markets reiterated an "outperform" rating and issued a $345.00 target price (up previously from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Finally, Bank of America upped their target price on McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Twelve equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, McDonald's has an average rating of "Moderate Buy" and a consensus price target of $325.91.

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.