Laurel Wealth Advisors LLC Buys 395 Shares of McDonald’s Co. (NYSE:MCD)

Laurel Wealth Advisors LLC lifted its stake in McDonald’s Co. (NYSE:MCD) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,791 shares of the fast-food giant’s stock after buying an additional 395 shares during the period. McDonald’s comprises 1.1% of Laurel Wealth Advisors LLC’s portfolio, making the stock its 25th biggest holding. Laurel Wealth Advisors LLC’s holdings in McDonald’s were worth $5,868,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Signature Resources Capital Management LLC bought a new stake in shares of McDonald’s in the fourth quarter valued at about $31,000. Blue Bell Private Wealth Management LLC lifted its stake in shares of McDonald’s by 51.9% in the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after buying an additional 42 shares during the period. Spartan Planning & Wealth Management bought a new stake in shares of McDonald’s in the third quarter valued at about $33,000. Clear Investment Research LLC bought a new stake in shares of McDonald’s in the fourth quarter valued at about $38,000. Finally, Atlantic Edge Private Wealth Management LLC bought a new stake in shares of McDonald’s in the fourth quarter valued at about $39,000. Institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on MCD shares. TD Cowen restated a “buy” rating and set a $325.00 price target on shares of McDonald’s in a research note on Wednesday, April 10th. Erste Group Bank restated a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Robert W. Baird restated an “outperform” rating and set a $315.00 price target on shares of McDonald’s in a research note on Tuesday, February 6th. Evercore ISI restated an “outperform” rating and set a $330.00 price target on shares of McDonald’s in a research note on Wednesday, March 27th. Finally, Oppenheimer restated a “market perform” rating on shares of McDonald’s in a research note on Friday, January 5th. Nine research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $318.41.

McDonald’s Price Performance

Shares of McDonald’s stock traded down $2.51 on Friday, hitting $273.09. 3,636,458 shares of the company’s stock traded hands, compared to its average volume of 3,338,426. The firm’s 50-day moving average price is $281.68 and its two-hundred day moving average price is $281.53. The stock has a market capitalization of $196.90 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 3.01 and a beta of 0.71. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.83 by $0.12. The company had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.59 EPS. On average, analysts forecast that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s payout ratio is 57.74%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’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 of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’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 of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’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 completion of the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

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.