Atria Wealth Solutions Inc. Buys 3,171 Shares of McDonald’s Co. (NYSE:MCD)

Atria Wealth Solutions Inc. raised its stake in McDonald’s Co. (NYSE:MCD) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,713 shares of the fast-food giant’s stock after acquiring an additional 3,171 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in McDonald’s were worth $15,333,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC grew its position in shares of McDonald’s by 51.9% during the 3rd 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 acquired a new position in shares of McDonald’s during the 3rd quarter worth approximately $33,000. Keener Financial Planning LLC acquired a new position in shares of McDonald’s during the 4th quarter worth approximately $39,000. Bear Mountain Capital Inc. acquired a new position in shares of McDonald’s during the 4th quarter worth approximately $43,000. Finally, Authentikos Wealth Advisory LLC acquired a new stake in shares of McDonald’s during the 3rd quarter worth approximately $45,000. 70.29% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated 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 transaction, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related 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 transaction of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Morgan Stanley reduced their price target on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Robert W. Baird reiterated an “outperform” rating and set a $315.00 price target on shares of McDonald’s in a research report on Tuesday, February 6th. Stifel Nicolaus reduced their price target on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research report on Thursday, April 11th. StockNews.com lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Finally, Barclays cut their target price on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $319.72.

McDonald’s Price Performance

NYSE MCD traded up $1.19 during mid-day trading on Thursday, reaching $277.94. 1,858,319 shares of the stock were exchanged, compared to its average volume of 3,237,359. The stock has a market cap of $200.40 billion, a P/E ratio of 23.93, a P/E/G ratio of 3.02 and a beta of 0.71. The stock has a 50 day simple moving average of $282.38 and a 200-day simple moving average of $281.41. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. The business had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the company posted $2.59 earnings per share. Sell-side analysts anticipate that McDonald’s Co. will post 12.34 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s payout ratio is 57.74%.

McDonald’s 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.