Investors Asset Management of Georgia Inc. GA ADV Buys 150 Shares of McDonald’s Co. (NYSE:MCD)

Investors Asset Management of Georgia Inc. GA ADV grew its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,218 shares of the fast-food giant’s stock after acquiring an additional 150 shares during the period. McDonald’s comprises 1.1% of Investors Asset Management of Georgia Inc. GA ADV’s investment portfolio, making the stock its 20th biggest position. Investors Asset Management of Georgia Inc. GA ADV’s holdings in McDonald’s were worth $2,138,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of MCD. Blue Bell Private Wealth Management LLC increased 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 worth $32,000 after purchasing an additional 42 shares in the last quarter. Spartan Planning & Wealth Management bought a new position in McDonald’s in the 3rd quarter worth approximately $33,000. Retirement Group LLC purchased a new position in McDonald’s in the 4th quarter valued at approximately $37,000. Keener Financial Planning LLC purchased a new stake in shares of McDonald’s during the fourth quarter worth $39,000. Finally, Bear Mountain Capital Inc. bought a new position in shares of McDonald’s in the fourth quarter worth $43,000. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’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 directly owns 18,075 shares in the company, valued at $5,140,168.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.27% of the stock is currently owned by insiders.

McDonald’s Stock Down 0.2 %

NYSE:MCD traded down $0.60 during mid-day trading on Thursday, hitting $269.35. 1,471,859 shares of the company traded hands, compared to its average volume of 3,222,602. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The firm has a market cap of $194.20 billion, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 2.88 and a beta of 0.71. The stock’s fifty day moving average price is $283.86 and its 200-day moving average price is $280.69.

McDonald’s (NYSE:MCD) last released 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 net margin of 33.22% and a negative return on equity of 171.96%. The firm had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the previous year, the firm earned $2.59 earnings per share. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities analysts predict that McDonald’s Co. will post 12.34 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $1.67 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.48%. McDonald’s’s dividend payout ratio is currently 57.74%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. HSBC began coverage on McDonald’s in a report on Wednesday, December 20th. They set a “buy” rating and a $317.00 price objective on the stock. Evercore ISI reaffirmed an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a research note on Wednesday, March 27th. Royal Bank of Canada decreased their target price on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. Argus reissued a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. Finally, Bank of America upped their price objective 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. Nine analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $319.72.

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.