Signal Advisors Wealth LLC Grows Stock Holdings in McDonald’s Co. (NYSE:MCD)

Signal Advisors Wealth LLC boosted its holdings in McDonald’s Co. (NYSE:MCDFree Report) by 14.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,139 shares of the fast-food giant’s stock after buying an additional 880 shares during the quarter. Signal Advisors Wealth LLC’s holdings in McDonald’s were worth $2,013,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Signature Resources Capital Management LLC purchased a new stake in McDonald’s during the fourth quarter worth approximately $31,000. Spartan Planning & Wealth Management acquired a new position in shares of McDonald’s in the 3rd quarter valued at $33,000. Clear Investment Research LLC purchased a new position in shares of McDonald’s in the 4th quarter valued at $38,000. Keener Financial Planning LLC acquired a new stake in McDonald’s during the 4th quarter worth $39,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new stake in McDonald’s in the fourth quarter valued at $39,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Price Performance

McDonald’s stock traded up $3.00 during midday trading on Thursday, hitting $253.79. 4,045,839 shares of the stock were exchanged, compared to its average volume of 3,339,751. The company has a 50 day moving average price of $264.59 and a two-hundred day moving average price of $280.48. The firm has a market cap of $182.90 billion, a P/E ratio of 21.54, a P/E/G ratio of 2.82 and a beta of 0.71. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39.

McDonald’s (NYSE:MCDGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.63 EPS. As a group, analysts predict that McDonald’s Co. will post 12.19 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a $1.67 dividend. The ex-dividend date was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.63%. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MCD shares. KeyCorp dropped their price objective on McDonald’s from $315.00 to $310.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Citigroup decreased their price objective on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a report on Tuesday, April 16th. TD Cowen reaffirmed a “buy” rating and issued a $305.00 target price on shares of McDonald’s in a report on Thursday, June 13th. Bank of America dropped their price objective on shares of McDonald’s from $302.00 to $288.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 28th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a research note on Wednesday, March 27th. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $315.14.

View Our Latest Analysis on McDonald’s

Insider Activity at McDonald’s

In related news, EVP Jonathan Banner sold 800 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the sale, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the sale, the executive vice president now owns 19 shares in the company, valued at $5,225.38. The disclosure for this sale can be found here. Insiders sold a total of 4,096 shares of company stock valued at $1,127,678 over the last three months. 0.23% of the stock is owned by insiders.

McDonald’s Company Profile

(Free Report)

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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