Intellus Advisors LLC Makes New Investment in McDonald’s Co. (NYSE:MCD)

Intellus Advisors LLC acquired a new stake in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,012 shares of the fast-food giant’s stock, valued at approximately $873,000.

A number of other institutional investors have also recently made changes to their positions in the business. Legacy Investment Solutions LLC purchased a new stake in shares of McDonald’s during the third quarter worth about $25,000. Atala Financial Inc acquired a new stake in McDonald’s in the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald’s during the 4th quarter worth approximately $27,000. Collier Financial acquired a new position in McDonald’s during the 4th quarter valued at approximately $29,000. Finally, Fairway Wealth LLC raised its holdings in shares of McDonald’s by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Morgan Stanley cut their price objective on McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a report on Monday, March 17th. KeyCorp lifted their target price on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Wedbush increased their price target on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Finally, TD Securities restated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research note on Monday, February 10th. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $323.39.

Insider Buying and Selling at McDonald’s

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the sale, the executive vice president now owns 5,564 shares of the company’s stock, valued at $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,504 shares of company stock valued at $10,206,575 over the last quarter. 0.23% of the stock is currently owned by insiders.

McDonald’s Price Performance

Shares of MCD stock opened at $305.07 on Friday. The stock has a 50 day simple moving average of $298.75 and a 200-day simple moving average of $297.38. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The company has a market cap of $217.96 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. Analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.32%. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

McDonald’s Company 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.