Alliance Wealth Advisors LLC UT Purchases 99 Shares of McDonald’s Co. (NYSE:MCD)

Alliance Wealth Advisors LLC UT raised its position in shares of McDonald’s Co. (NYSE:MCD) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,993 shares of the fast-food giant’s stock after acquiring an additional 99 shares during the period. McDonald’s makes up 1.0% of Alliance Wealth Advisors LLC UT’s portfolio, making the stock its 27th biggest holding. Alliance Wealth Advisors LLC UT’s holdings in McDonald’s were worth $2,963,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Roffman Miller Associates Inc. PA raised its position in shares of McDonald’s by 1.7% during the fourth quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock valued at $46,179,000 after buying an additional 2,546 shares during the last quarter. Shulman DeMeo Asset Management LLC raised its position in shares of McDonald’s by 12.2% during the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock valued at $312,000 after buying an additional 114 shares during the last quarter. Beaumont Financial Advisors LLC raised its position in shares of 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 valued at $21,191,000 after buying an additional 450 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services raised its position in shares of 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 valued at $3,269,000 after buying an additional 301 shares during the last quarter. Finally, Mengis Capital Management Inc. raised its position in shares of 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 valued at $1,191,000 after buying an additional 331 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Price Performance

MCD traded down $2.51 during mid-day trading on Friday, hitting $273.09. The stock had a trading volume of 3,636,458 shares, compared to its average volume of 3,338,426. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39. The stock’s fifty day simple moving average is $281.68 and its 200-day simple moving average is $281.53. The firm has a market capitalization of $196.90 billion, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 3.01 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 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 business had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same period last year, the business posted $2.59 earnings per share. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, research analysts expect that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.45%. McDonald’s’s payout ratio is 57.74%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, 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 can be accessed through this link. 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 transaction of $312,533.62. Following the completion of the sale, 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 company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Stifel Nicolaus cut their price objective on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a research report on Thursday, April 11th. Oppenheimer reissued a “market perform” rating on shares of McDonald’s in a research report on Friday, January 5th. Morgan Stanley dropped their price target on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Argus reissued a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Finally, Bank of America raised their price objective on shares of McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Nine equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average target price of $318.41.

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.