McDonald’s Co. (NYSE:MCD) Shares Purchased by FAS Wealth Partners Inc.

FAS Wealth Partners Inc. boosted its position in McDonald’s Co. (NYSE:MCD) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 17,443 shares of the fast-food giant’s stock after acquiring an additional 392 shares during the quarter. FAS Wealth Partners Inc.’s holdings in McDonald’s were worth $5,172,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Shulman DeMeo Asset Management LLC raised its stake in shares of McDonald’s by 12.2% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock valued at $312,000 after purchasing an additional 114 shares in the last quarter. Beaumont Financial Advisors LLC raised its stake in McDonald’s by 0.6% during the third quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock worth $21,191,000 after acquiring an additional 450 shares during the period. First National Bank of Mount Dora Trust Investment Services raised its stake in McDonald’s by 2.8% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock worth $3,269,000 after acquiring an additional 301 shares during the period. Mengis Capital Management Inc. raised its stake in McDonald’s by 7.9% during the third quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock worth $1,191,000 after acquiring an additional 331 shares during the period. Finally, Garden State Investment Advisory Services LLC raised its stake in McDonald’s by 7.7% during the third quarter. Garden State Investment Advisory Services LLC now owns 1,227 shares of the fast-food giant’s stock worth $323,000 after acquiring an additional 88 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE:MCD traded down $1.73 during mid-day trading on Monday, hitting $280.22. The stock had a trading volume of 2,293,133 shares, compared to its average volume of 3,177,103. The company has a market cap of $202.33 billion, a PE ratio of 24.12, a P/E/G ratio of 3.04 and a beta of 0.71. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The company’s 50 day moving average is $290.02 and its 200-day moving average is $280.95.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the prior year, the firm earned $2.59 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts predict that McDonald’s Co. will post 12.38 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.38%. McDonald’s’s dividend payout ratio (DPR) is 57.74%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Argus reiterated a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. BMO Capital Markets increased their price objective on shares of McDonald’s from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Thursday, December 7th. Stifel Nicolaus increased their price objective on shares of McDonald’s from $285.00 to $322.00 and gave the stock a “hold” rating in a research note on Thursday, January 4th. Barclays decreased their target price on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research report on Tuesday, February 6th. Finally, Royal Bank of Canada decreased their target price on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research report on Tuesday, February 6th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and an average price target of $320.60.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by company insiders.

McDonald’s Profile

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.