Warren Street Wealth Advisors LLC Invests $269,000 in McDonald’s Co. (NYSE:MCD)

Warren Street Wealth Advisors LLC acquired a new stake in McDonald’s Co. (NYSE:MCD) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 860 shares of the fast-food giant’s stock, valued at approximately $269,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mascagni Wealth Management Inc. acquired a new stake in McDonald’s in the fourth quarter worth approximately $25,000. Atala Financial Inc acquired a new position in McDonald’s during the fourth quarter worth $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald’s during the fourth quarter worth $27,000. Collier Financial bought a new stake in McDonald’s during the fourth quarter valued at about $29,000. Finally, Pinney & Scofield Inc. bought a new stake in McDonald’s during the fourth quarter valued at about $29,000. 70.29% of the stock is owned by institutional investors.

McDonald’s Trading Down 0.2%

Shares of MCD opened at $311.70 on Thursday. The firm has a market capitalization of $222.88 billion, a P/E ratio of 27.37, a P/E/G ratio of 3.10 and a beta of 0.56. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The firm has a fifty day moving average price of $312.49 and a 200-day moving average price of $302.34.

McDonald’s (NYSE:MCD) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts’ consensus estimates of $2.67. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. The business had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the previous year, the company posted $2.70 earnings per share. The firm’s revenue was down 3.5% on a year-over-year basis. Analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $1.77 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.27%. McDonald’s’s dividend payout ratio is presently 62.49%.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the completion of the sale, the insider now directly owns 11,161 shares of the company’s stock, valued at $3,516,496.27. This trade represents a 7.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports 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 for the company in a research report on Monday, March 17th. Bank of America raised their price target on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Wedbush raised their price objective on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Robert W. Baird raised their price objective on shares of McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Twelve equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $325.91.

McDonald’s 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.