Pacific Wealth Strategies Group Inc. Invests $203,000 in McDonald’s Co. (NYSE:MCD)

Pacific Wealth Strategies Group Inc. acquired a new stake in McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 686 shares of the fast-food giant’s stock, valued at approximately $203,000.

A number of other institutional investors also recently made changes to their positions in MCD. International Assets Investment Management LLC boosted its stake in shares of McDonald’s by 10,702.5% in the 4th quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock valued at $644,739,000 after purchasing an additional 2,154,297 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in McDonald’s during the 3rd quarter valued at $192,165,000. AMF Tjanstepension AB boosted its position in McDonald’s by 174.7% during the 3rd quarter. AMF Tjanstepension AB now owns 947,653 shares of the fast-food giant’s stock valued at $249,693,000 after buying an additional 602,707 shares during the period. Barclays PLC boosted its position in McDonald’s by 16.7% during the 3rd quarter. Barclays PLC now owns 2,997,877 shares of the fast-food giant’s stock valued at $789,762,000 after buying an additional 429,000 shares during the period. Finally, Winslow Capital Management LLC boosted its position in McDonald’s by 39.6% during the 3rd quarter. Winslow Capital Management LLC now owns 1,306,329 shares of the fast-food giant’s stock valued at $344,139,000 after buying an additional 370,699 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other news, 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 sale, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, 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 sale, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $312,533.62. Following the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the subject of several research analyst reports. BTIG Research cut shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Evercore ISI restated 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 reduced their price objective on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research note on Tuesday, February 6th. Barclays reduced their price objective on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research note on Tuesday, February 6th. Finally, StockNews.com lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and an average target price of $319.72.

McDonald’s Trading Down 1.4 %

MCD traded down $3.89 during trading hours on Wednesday, hitting $272.99. The company’s stock had a trading volume of 811,114 shares, compared to its average volume of 3,212,605. The business’s 50-day moving average price is $282.61 and its 200-day moving average price is $281.45. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39. The stock has a market cap of $196.83 billion, a price-to-earnings ratio of 23.80, a P/E/G ratio of 3.03 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the previous year, the business posted $2.59 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. On average, analysts forecast that McDonald’s Co. will post 12.33 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is 57.74%.

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.