TCI Wealth Advisors Inc. Boosts Position in McDonald’s Co. (NYSE:MCD)

TCI Wealth Advisors Inc. boosted its position in shares of McDonald’s Co. (NYSE:MCD) by 0.8% in the fourth quarter, Holdings Channel reports. The fund owned 19,356 shares of the fast-food giant’s stock after purchasing an additional 146 shares during the quarter. McDonald’s comprises 0.6% of TCI Wealth Advisors Inc.’s investment portfolio, making the stock its 27th biggest holding. TCI Wealth Advisors Inc.’s holdings in McDonald’s were worth $5,739,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of MCD. Ironwood Wealth Management LLC. grew its holdings in McDonald’s by 2.6% during the third quarter. Ironwood Wealth Management LLC. now owns 3,912 shares of the fast-food giant’s stock valued at $1,031,000 after purchasing an additional 100 shares during the period. Chicago Capital LLC grew its holdings in McDonald’s by 1.4% during the third quarter. Chicago Capital LLC now owns 9,822 shares of the fast-food giant’s stock valued at $2,588,000 after purchasing an additional 137 shares during the period. Concord Wealth Partners grew its holdings in McDonald’s by 6.8% during the third quarter. Concord Wealth Partners now owns 4,934 shares of the fast-food giant’s stock valued at $1,300,000 after purchasing an additional 312 shares during the period. Hixon Zuercher LLC grew its holdings in McDonald’s by 1.5% during the third quarter. Hixon Zuercher LLC now owns 11,091 shares of the fast-food giant’s stock valued at $2,922,000 after purchasing an additional 162 shares during the period. Finally, Lindbrook Capital LLC grew its holdings in McDonald’s by 1.4% during the third quarter. Lindbrook Capital LLC now owns 7,766 shares of the fast-food giant’s stock valued at $2,046,000 after purchasing an additional 107 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction 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 transaction, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’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 completion of the transaction, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MCD shares. BMO Capital Markets cut their price target on McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Wednesday. Barclays dropped their price objective on McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research note on Tuesday, February 6th. Citigroup dropped their price objective on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Argus reaffirmed a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $330.00 price objective on shares of McDonald’s in a research note on Wednesday, March 27th. Nine equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $317.74.

McDonald’s Trading Down 1.1 %

Shares of MCD stock traded down $2.96 on Friday, reaching $270.32. 2,642,344 shares of the company’s stock were exchanged, compared to its average volume of 3,812,742. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The stock has a market capitalization of $194.90 billion, a PE ratio of 22.95, a P/E/G ratio of 2.91 and a beta of 0.71. The company’s fifty day simple moving average is $279.53 and its 200 day simple moving average is $282.76.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The business had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. McDonald’s’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.63 earnings per share. As a group, sell-side analysts predict that McDonald’s Co. will post 12.18 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

McDonald’s Company 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.