Good Life Advisors LLC Purchases 215 Shares of McDonald’s Co. (NYSE:MCD)

Good Life Advisors LLC raised its position in shares of McDonald’s Co. (NYSE:MCD – Get Rating) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,637 shares of the fast-food giant’s stock after buying an additional 215 shares during the period. Good Life Advisors LLC’s holdings in McDonald’s were worth $2,540,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of MCD. Vanguard Group Inc. increased its holdings in McDonald’s by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 67,570,353 shares of the fast-food giant’s stock valued at $15,591,183,000 after purchasing an additional 333,884 shares in the last quarter. State Street Corp grew its holdings in McDonald’s by 1.1% during the 3rd quarter. State Street Corp now owns 34,704,308 shares of the fast-food giant’s stock worth $8,007,672,000 after acquiring an additional 365,601 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in McDonald’s by 16.3% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 7,869,149 shares of the fast-food giant’s stock worth $1,816,219,000 after acquiring an additional 1,105,231 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in McDonald’s by 2.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,117,531 shares of the fast-food giant’s stock worth $1,265,463,000 after acquiring an additional 108,282 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in McDonald’s by 5.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,097,497 shares of the fast-food giant’s stock worth $816,283,000 after acquiring an additional 172,804 shares during the last quarter. 66.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Royal Bank of Canada upped their price objective on McDonald’s from $300.00 to $316.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. 1-800-FLOWERS.COM reissued a “reiterates” rating on shares of McDonald’s in a report on Tuesday, April 25th. Wedbush boosted their price objective on McDonald’s from $315.00 to $330.00 in a report on Tuesday, April 25th. 92 Resources reaffirmed a “maintains” rating on shares of McDonald’s in a report on Wednesday, April 26th. Finally, Citigroup lowered their target price on shares of McDonald’s from $279.00 to $277.00 and set a “neutral” rating for the company in a report on Wednesday, February 1st. Five analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $306.83.

McDonald’s Price Performance

McDonald’s stock traded up $0.66 during mid-day trading on Friday, hitting $286.18. 707,154 shares of the company’s stock traded hands, compared to its average volume of 2,621,666. The firm has a 50 day simple moving average of $286.97 and a two-hundred day simple moving average of $275.20. McDonald’s Co. has a fifty-two week low of $230.58 and a fifty-two week high of $298.86. The stock has a market cap of $208.92 billion, a price-to-earnings ratio of 30.80, a P/E/G ratio of 3.02 and a beta of 0.63.

McDonald’s (NYSE:MCD – Get Rating) last issued its quarterly earnings data on Tuesday, April 25th. The fast-food giant reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.32. The firm had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.58 billion. McDonald’s had a net margin of 29.36% and a negative return on equity of 124.87%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the business posted $2.28 earnings per share. On average, research analysts anticipate that McDonald’s Co. will post 11.03 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Monday, June 5th will be given a dividend of $1.52 per share. This represents a $6.08 annualized dividend and a yield of 2.12%. McDonald’s’s dividend payout ratio (DPR) is presently 65.24%.

Insiders Place Their Bets

In other McDonald’s news, SVP Catherine A. Hoovel sold 840 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $298.77, for a total transaction of $250,966.80. Following the transaction, the senior vice president now owns 891 shares in the company, valued at approximately $266,204.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other McDonald’s news, SVP Catherine A. Hoovel sold 840 shares of the stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $298.77, for a total transaction of $250,966.80. Following the transaction, the senior vice president now owns 891 shares in the company, valued at approximately $266,204.07. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Manuel Jm Steijaert sold 3,402 shares of the stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $296.35, for a total transaction of $1,008,182.70. The disclosure for this sale can be found here. Insiders have sold 10,667 shares of company stock worth $3,155,167 in the last 90 days. Company insiders own 0.27% of the company’s stock.

McDonald’s Profile

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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, Russia, Spain, and the U.K.