Wealth Enhancement Advisory Services LLC Sells 15,687 Shares of McDonald's Co. (NYSE:MCD)

Wealth Enhancement Advisory Services LLC lessened its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 3.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 441,334 shares of the fast-food giant's stock after selling 15,687 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.06% of McDonald's worth $124,434,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MCD. Norges Bank bought a new position in shares of McDonald's during the 4th quarter worth about $2,684,899,000. Gallagher Fiduciary Advisors LLC boosted its stake in McDonald's by 141,160.9% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant's stock valued at $1,664,521,000 after purchasing an additional 5,609,736 shares during the last quarter. International Assets Investment Management LLC boosted its stake in McDonald's by 10,702.5% during 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 during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in McDonald's by 15.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant's stock valued at $2,178,474,000 after purchasing an additional 987,099 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in McDonald's by 552.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 791,639 shares of the fast-food giant's stock valued at $234,729,000 after purchasing an additional 670,261 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on MCD. TD Cowen reiterated a "buy" rating and set a $305.00 price target on shares of McDonald's in a research note on Thursday, June 13th. UBS Group lowered their price target on shares of McDonald's from $340.00 to $335.00 and set a "buy" rating on the stock in a report on Friday, April 5th. Wedbush lowered their target price on shares of McDonald's from $330.00 to $300.00 and set an "outperform" rating on the stock in a report on Friday, April 26th. JPMorgan Chase & Co. boosted their target price on shares of McDonald's from $290.00 to $300.00 and gave the company an "overweight" rating in a report on Monday, June 3rd. Finally, Stifel Nicolaus lowered their target price on shares of McDonald's from $315.00 to $300.00 and set a "hold" rating on the stock in a report on Thursday, April 11th. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $315.14.

McDonald's Stock Up 0.1 %

NYSE:MCD traded up $0.33 during midday trading on Thursday, hitting $258.16. The company had a trading volume of 2,649,859 shares, compared to its average volume of 3,385,421. McDonald's Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The stock's fifty day moving average price is $263.91 and its 200-day moving average price is $279.67. The company has a market capitalization of $186.05 billion, a PE ratio of 21.92, a P/E/G ratio of 2.90 and a beta of 0.71.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald's had a negative return on equity of 180.74% and a net margin of 33.36%. The company had revenue of $6.17 billion during the quarter, compared to analysts' expectations of $6.16 billion. During the same quarter last year, the firm posted $2.63 earnings per share. The firm's revenue was up 4.6% on a year-over-year basis. As a group, research analysts forecast that McDonald's Co. will post 12.19 earnings per share for the current year.

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald's's dividend payout ratio is presently 56.71%.

Insiders Place Their Bets

In other McDonald's 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 value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other McDonald's 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 value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan Banner sold 800 shares of the business's stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the sale, the executive vice president now directly owns 19 shares of the company's stock, valued at $5,225.38. The disclosure for this sale can be found here. Insiders sold 4,095 shares of company stock valued at $1,100,625 over the last three months. Insiders own 0.23% of the company's stock.

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.