Alliance Wealth Advisors LLC UT Grows Position in McDonald’s Co. (NYSE:MCD)

Alliance Wealth Advisors LLC UT increased its position in shares of McDonald’s Co. (NYSE:MCDFree Report) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,894 shares of the fast-food giant’s stock after buying an additional 548 shares during the period. McDonald’s comprises approximately 1.0% of Alliance Wealth Advisors LLC UT’s holdings, making the stock its 29th largest holding. Alliance Wealth Advisors LLC UT’s holdings in McDonald’s were worth $2,606,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Horizon Bancorp Inc. IN raised its holdings in shares of McDonald’s by 160.0% in the 2nd quarter. Horizon Bancorp Inc. IN now owns 117 shares of the fast-food giant’s stock valued at $35,000 after purchasing an additional 72 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its stake in 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 worth $32,000 after buying an additional 42 shares in the last quarter. Retirement Group LLC purchased a new stake in McDonald’s during the fourth quarter worth $37,000. VisionPoint Advisory Group LLC bought a new stake in McDonald’s during the 2nd quarter valued at $46,000. Finally, Compass Wealth Management LLC purchased a new position in shares of McDonald’s in the 4th quarter valued at $45,000. 67.60% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Stock Performance

NYSE MCD opened at $290.35 on Monday. The firm has a market capitalization of $210.60 billion, a P/E ratio of 25.02, a PEG ratio of 3.12 and a beta of 0.73. The stock has a 50-day simple moving average of $292.33 and a two-hundred day simple moving average of $280.05. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39.

McDonald’s (NYSE:MCDGet Free Report) last posted its earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same period last year, the company earned $2.59 earnings per share. McDonald’s’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, analysts forecast that McDonald’s Co. will post 12.38 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Thursday, February 29th. McDonald’s’s dividend payout ratio is currently 57.74%.

Analyst Ratings Changes

MCD has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on McDonald’s from $270.00 to $278.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 31st. Stifel Nicolaus raised their price target on shares of McDonald’s from $285.00 to $322.00 and gave the company a “hold” rating in a report on Thursday, January 4th. TD Cowen boosted their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Thursday, December 7th. BTIG Research cut shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. Seven investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $320.10.

Check Out Our Latest Stock Report on MCD

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 4,583 shares of McDonald’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $290.70, for a total value of $1,332,278.10. Following the completion of the transaction, the insider now owns 8,187 shares of the company’s stock, valued at $2,379,960.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 4,583 shares of the stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $290.70, for a total transaction of $1,332,278.10. Following the transaction, the insider now owns 8,187 shares in the company, valued at $2,379,960.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 4,487 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $281.25, for a total value of $1,261,968.75. Following the completion of the sale, the insider now owns 8,908 shares of the company’s stock, valued at $2,505,375. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

McDonald’s Profile

(Free Report)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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