Wiser Advisor Group LLC Acquires 292 Shares of McDonald’s Corporation $MCD

Wiser Advisor Group LLC grew its holdings in McDonald’s Corporation (NYSE:MCD) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,402 shares of the fast-food giant’s stock after purchasing an additional 292 shares during the period. McDonald’s comprises about 2.2% of Wiser Advisor Group LLC’s investment portfolio, making the stock its 20th biggest holding. Wiser Advisor Group LLC’s holdings in McDonald’s were worth $1,286,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MCD. Arvest Bank Trust Division boosted its position in shares of McDonald’s by 2.0% during the second quarter. Arvest Bank Trust Division now owns 7,881 shares of the fast-food giant’s stock valued at $2,303,000 after buying an additional 152 shares during the last quarter. Fiera Capital Corp boosted its holdings in shares of McDonald’s by 0.5% during the 2nd quarter. Fiera Capital Corp now owns 116,312 shares of the fast-food giant’s stock valued at $33,983,000 after acquiring an additional 621 shares during the last quarter. W.H. Cornerstone Investments Inc. boosted its holdings in shares of McDonald’s by 21.2% during the 2nd quarter. W.H. Cornerstone Investments Inc. now owns 1,427 shares of the fast-food giant’s stock valued at $417,000 after acquiring an additional 250 shares during the last quarter. Thompson Davis & CO. Inc. bought a new stake in shares of McDonald’s in the second quarter worth approximately $670,000. Finally, WASHINGTON TRUST Co raised its holdings in shares of McDonald’s by 0.5% during the second quarter. WASHINGTON TRUST Co now owns 37,344 shares of the fast-food giant’s stock valued at $10,911,000 after purchasing an additional 203 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. KeyCorp reaffirmed an “overweight” rating and issued a $335.00 target price on shares of McDonald’s in a research report on Monday, October 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of McDonald’s in a research report on Friday, October 31st. Citigroup cut their price target on McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, October 21st. Stifel Nicolaus increased their price objective on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a research note on Friday, August 22nd. Finally, Robert W. Baird boosted their target price on shares of McDonald’s from $322.00 to $325.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Eleven research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $323.91.

McDonald’s Stock Performance

MCD stock opened at $307.11 on Friday. The company’s fifty day moving average price is $303.52 and its 200-day moving average price is $304.78. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32. The company has a market capitalization of $218.71 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The company had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.10 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.23 earnings per share. On average, research analysts predict that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $1.86 dividend. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, December 1st. McDonald’s’s dividend payout ratio (DPR) is presently 63.48%.

Insider Activity at McDonald’s

In related news, EVP Manuel Jm Steijaert sold 13,134 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total transaction of $3,945,716.28. Following the sale, the executive vice president owned 4,606 shares of the company’s stock, valued at $1,383,734.52. This represents a 74.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the transaction, the executive vice president directly owned 99 shares of the company’s stock, valued at approximately $30,690. The trade was a 90.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 15,134 shares of company stock valued at $4,570,716. Insiders own 0.25% of the company’s stock.

About McDonald’s

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.