SOA Wealth Advisors LLC. Acquires 6,629 Shares of McDonald’s Co. (NYSE:MCD)

SOA Wealth Advisors LLC. raised its position in McDonald’s Co. (NYSE:MCD) by 245.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 9,327 shares of the fast-food giant’s stock after acquiring an additional 6,629 shares during the period. SOA Wealth Advisors LLC.’s holdings in McDonald’s were worth $2,913,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in MCD. Kennebec Savings Bank boosted its position in shares of McDonald’s by 4.2% during the first quarter. Kennebec Savings Bank now owns 4,719 shares of the fast-food giant’s stock valued at $1,474,000 after buying an additional 190 shares during the last quarter. Wynn Capital LLC boosted its position in McDonald’s by 300.8% in the first quarter. Wynn Capital LLC now owns 4,730 shares of the fast-food giant’s stock worth $1,477,000 after purchasing an additional 3,550 shares during the last quarter. NavPoint Financial Inc. boosted its position in McDonald’s by 11.9% in the first quarter. NavPoint Financial Inc. now owns 937 shares of the fast-food giant’s stock worth $293,000 after purchasing an additional 100 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of McDonald’s by 6.1% in the first quarter. Revolve Wealth Partners LLC now owns 2,060 shares of the fast-food giant’s stock valued at $643,000 after buying an additional 118 shares during the period. Finally, Financial Advisory Corp bought a new stake in shares of McDonald’s in the first quarter valued at $213,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Down 0.5%

McDonald’s stock opened at $307.44 on Friday. The firm has a market cap of $219.83 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 3.10 and a beta of 0.56. The stock has a fifty day simple moving average of $312.29 and a two-hundred day simple moving average of $302.66. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32.

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

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.30%. McDonald’s’s dividend payout ratio (DPR) is presently 62.49%.

Analysts Set New Price Targets

Several analysts have issued reports on MCD shares. TD Securities restated a “hold” rating and issued a $305.00 target price on shares of McDonald’s in a research note on Thursday. Citigroup boosted their price objective on McDonald’s from $353.00 to $364.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. KeyCorp boosted their target price on McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, March 27th. Erste Group Bank cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 24th. Finally, Loop Capital cut McDonald’s from a “buy” rating to a “hold” rating and reduced their target price for the stock from $346.00 to $315.00 in a research report on Friday. Thirteen analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average target price of $324.96.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the transaction, the insider now directly owns 12,100 shares in the company, valued at $3,853,850. The trade was a 7.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is owned by company insiders.

About McDonald’s

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.