Sheets Smith Wealth Management Grows Position in McDonald’s Co. (NYSE:MCD)

Sheets Smith Wealth Management raised its position in McDonald’s Co. (NYSE:MCD) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,065 shares of the fast-food giant’s stock after purchasing an additional 101 shares during the quarter. Sheets Smith Wealth Management’s holdings in McDonald’s were worth $1,205,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Roffman Miller Associates Inc. PA boosted its position in McDonald’s by 1.7% in the 4th 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 period. Shulman DeMeo Asset Management LLC boosted its holdings in shares of McDonald’s by 12.2% in 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 purchasing an additional 114 shares during the period. Beaumont Financial Advisors LLC boosted its holdings in shares of McDonald’s by 0.6% in 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 purchasing an additional 450 shares during the period. First National Bank of Mount Dora Trust Investment Services grew its stake in McDonald’s by 2.8% in the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock worth $3,269,000 after purchasing an additional 301 shares in the last quarter. Finally, Mengis Capital Management Inc. increased its holdings in McDonald’s by 7.9% during the 3rd quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock worth $1,191,000 after purchasing an additional 331 shares during the period. Institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Down 0.1 %

Shares of MCD stock traded down $0.25 during mid-day trading on Monday, reaching $270.07. The stock had a trading volume of 1,366,457 shares, compared to its average volume of 3,298,463. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39. The firm has a market cap of $194.72 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 3.01 and a beta of 0.71. The business’s fifty day moving average is $279.53 and its 200-day moving average is $282.76.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The business had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. During the same quarter last year, the company posted $2.63 EPS. McDonald’s’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, analysts forecast that McDonald’s Co. will post 12.18 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given 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 yield of 2.47%. McDonald’s’s dividend payout ratio is presently 56.71%.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’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 directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’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 $5,140,168.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated 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 owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MCD. Royal Bank of Canada dropped their price target on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th. Argus reiterated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. BTIG Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Bank of America upped their price target on shares of McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Finally, TD Cowen reissued a “buy” rating and set a $305.00 price objective on shares of McDonald’s in a report on Tuesday, April 30th. Nine investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and a consensus price target of $317.74.

McDonald’s Company 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.