Wealth Alliance Acquires 95 Shares of McDonald’s Co. (NYSE:MCD)

Wealth Alliance increased its position in shares of McDonald’s Co. (NYSE:MCD) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,610 shares of the fast-food giant’s stock after acquiring an additional 95 shares during the quarter. Wealth Alliance’s holdings in McDonald’s were worth $1,430,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hantz Financial Services Inc. bought a new position in McDonald’s during the 2nd quarter worth approximately $6,612,000. California State Teachers Retirement System boosted its stake in McDonald’s by 1.4% during the 4th quarter. California State Teachers Retirement System now owns 1,180,928 shares of the fast-food giant’s stock worth $350,157,000 after acquiring an additional 15,863 shares during the last quarter. Brevan Howard Capital Management LP boosted its stake in McDonald’s by 411.4% during the 4th quarter. Brevan Howard Capital Management LP now owns 7,497 shares of the fast-food giant’s stock worth $2,223,000 after acquiring an additional 6,031 shares during the last quarter. SageView Advisory Group LLC boosted its stake in McDonald’s by 51.2% during the 4th quarter. SageView Advisory Group LLC now owns 19,032 shares of the fast-food giant’s stock worth $5,608,000 after acquiring an additional 6,447 shares during the last quarter. Finally, BNP Paribas bought a new position in McDonald’s during the 1st quarter worth approximately $7,898,000. Institutional investors own 70.29% of the company’s stock.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the sale, the insider now owns 14,780 shares of the company’s stock, valued at $3,842,800. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $387,285.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $260.00, for a total transaction of $285,480.00. Following the sale, the insider now directly owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,291 shares of company stock valued at $1,689,073. 0.23% of the stock is owned by company insiders.

McDonald’s Price Performance

NYSE:MCD opened at $293.73 on Wednesday. McDonald’s Co. has a one year low of $243.53 and a one year high of $302.39. The company has a market cap of $211.69 billion, a P/E ratio of 24.93, a P/E/G ratio of 3.88 and a beta of 0.72. The firm’s fifty day moving average price is $274.83 and its two-hundred day moving average price is $270.53.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). The company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. McDonald’s’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.17 earnings per share. As a group, equities research analysts expect that McDonald’s Co. will post 11.67 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a $1.67 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.27%. McDonald’s’s payout ratio is presently 56.71%.

Analysts Set New Price Targets

A number of brokerages have weighed in on MCD. TD Cowen lowered shares of McDonald’s from a “buy” rating to a “hold” rating and cut their price target for the company from $285.00 to $280.00 in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft cut their price target on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Wedbush reaffirmed an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a research note on Monday, July 29th. Evercore ISI lifted their price target on shares of McDonald’s from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Finally, Barclays lowered their price objective on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $306.11.

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.