Mission Wealth Management LP Buys 821 Shares of McDonald’s Co. (NYSE:MCD)

Mission Wealth Management LP lifted its stake in McDonald’s Co. (NYSE:MCD) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,969 shares of the fast-food giant’s stock after buying an additional 821 shares during the quarter. Mission Wealth Management LP’s holdings in McDonald’s were worth $5,328,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in McDonald’s by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 68,449,565 shares of the fast-food giant’s stock valued at $18,032,353,000 after purchasing an additional 262,147 shares during the period. Northern Trust Corp boosted its stake in shares of McDonald’s by 1.7% in the third quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock worth $2,423,773,000 after buying an additional 151,161 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in McDonald’s by 4.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,390,035 shares of the fast-food giant’s stock worth $1,401,570,000 after purchasing an additional 237,532 shares in the last quarter. Ameriprise Financial Inc. boosted its position in McDonald’s by 4.5% during the third quarter. Ameriprise Financial Inc. now owns 4,593,760 shares of the fast-food giant’s stock worth $1,209,171,000 after purchasing an additional 199,657 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in McDonald’s by 0.7% during the fourth quarter. California Public Employees Retirement System now owns 3,911,764 shares of the fast-food giant’s stock worth $1,159,877,000 after purchasing an additional 26,147 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wedbush lowered their price target on McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday. Erste Group Bank reissued a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Morgan Stanley reduced their target price on McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, April 12th. UBS Group reduced their target price on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a report on Friday, April 5th. Finally, Royal Bank of Canada cut their price target on McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a report on Tuesday, February 6th. Nine research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $317.67.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated 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 owns 16,977 shares in the company, valued at approximately $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated 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 approximately $5,140,168.50. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Down 0.2 %

McDonald’s stock traded down $0.51 during midday trading on Tuesday, reaching $273.04. The company’s stock had a trading volume of 6,892,865 shares, compared to its average volume of 3,313,933. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The company has a market cap of $196.86 billion, a P/E ratio of 23.65, a P/E/G ratio of 2.98 and a beta of 0.71. The business has a 50-day simple moving average of $281.31 and a 200-day simple moving average of $282.15.

McDonald’s (NYSE:MCD) last posted its 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). McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same quarter last year, the firm posted $2.63 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities analysts forecast that McDonald’s Co. will post 12.34 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders 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 dividend yield of 2.45%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is currently 57.74%.

About McDonald’s

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.