McDonald’s Co. (NYSE:MCD) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. reduced its position in McDonald’s Co. (NYSE:MCD) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,621 shares of the fast-food giant’s stock after selling 1,787 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in McDonald’s were worth $15,254,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Atala Financial Inc purchased a new position in shares of McDonald’s in the fourth quarter valued at $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in McDonald’s in the 4th quarter worth about $27,000. Collier Financial acquired a new stake in McDonald’s in the 4th quarter worth about $29,000. Pinney & Scofield Inc. acquired a new stake in McDonald’s in the 4th quarter worth about $29,000. Finally, Fairway Wealth LLC lifted its stake in shares of McDonald’s by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after purchasing an additional 55 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on MCD. JPMorgan Chase & Co. raised their target price on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Wedbush boosted their price target on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Robert W. Baird boosted their price target on McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. BMO Capital Markets restated an “outperform” rating and set a $345.00 price objective (up previously from $340.00) on shares of McDonald’s in a research report on Monday, May 5th. Finally, Northcoast Research lowered McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 6th. Eleven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and an average target price of $325.91.

McDonald’s Stock Up 0.1%

Shares of NYSE:MCD opened at $314.65 on Friday. The firm has a market capitalization of $224.99 billion, a PE ratio of 27.63, a P/E/G ratio of 3.10 and a beta of 0.57. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The company has a 50-day moving average price of $311.68 and a two-hundred day moving average price of $301.50.

McDonald’s (NYSE:MCD) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.67. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. The business had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same period last year, the firm posted $2.70 earnings per share. McDonald’s’s quarterly revenue was down 3.5% on a year-over-year basis. Analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Monday, June 2nd. McDonald’s’s dividend payout ratio is 62.49%.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $305.00, for a total value of $286,395.00. Following the completion of the transaction, the insider now owns 13,978 shares of the company’s stock, valued at $4,263,290. The trade was a 6.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Manuel Jm Steijaert sold 10,459 shares of McDonald’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $308.71, for a total value of $3,228,797.89. Following the completion of the transaction, the executive vice president now directly owns 4,606 shares of the company’s stock, valued at approximately $1,421,918.26. This represents a 69.43% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,276 shares of company stock worth $4,419,385. Insiders own 0.25% of the company’s stock.

McDonald’s Profile

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, Spain, and the U.K.