Good Life Advisors LLC Purchases 215 Shares of McDonald’s Co. (NYSE:MCD)

Good Life Advisors LLC grew its position in shares of McDonald’s Co. (NYSE:MCD – Get Rating) by 2.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,637 shares of the fast-food giant’s stock after buying an additional 215 shares during the quarter. Good Life Advisors LLC’s holdings in McDonald’s were worth $2,540,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in MCD. MCF Advisors LLC lifted its holdings in McDonald’s by 0.8% during the 3rd quarter. MCF Advisors LLC now owns 4,758 shares of the fast-food giant’s stock worth $1,098,000 after purchasing an additional 37 shares in the last quarter. Lumature Wealth Partners LLC increased its holdings in shares of McDonald’s by 1.7% in the third quarter. Lumature Wealth Partners LLC now owns 2,249 shares of the fast-food giant’s stock worth $519,000 after buying an additional 37 shares during the period. Hazlett Burt & Watson Inc. increased its holdings in shares of McDonald’s by 7.3% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 585 shares of the fast-food giant’s stock worth $154,000 after buying an additional 40 shares during the period. Armor Investment Advisors LLC increased its holdings in shares of McDonald’s by 0.6% in the fourth quarter. Armor Investment Advisors LLC now owns 7,125 shares of the fast-food giant’s stock worth $1,878,000 after buying an additional 40 shares during the period. Finally, Raleigh Capital Management Inc. grew its holdings in shares of McDonald’s by 1.9% in the fourth quarter. Raleigh Capital Management Inc. now owns 2,194 shares of the fast-food giant’s stock worth $578,000 after purchasing an additional 40 shares during the last quarter. 66.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Guggenheim raised their price objective on McDonald’s from $305.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. 1-800-FLOWERS.COM reissued a “reiterates” rating on shares of McDonald’s in a research report on Tuesday, April 25th. Royal Bank of Canada lifted their price objective on McDonald’s from $300.00 to $316.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. Jefferies Financial Group raised their price objective on shares of McDonald’s from $315.00 to $320.00 in a research report on Thursday, April 6th. Finally, Wedbush lifted their price target on McDonald’s from $315.00 to $330.00 in a research report on Tuesday, April 25th. Five research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $306.83.

Insiders Place Their Bets

In related news, insider Jo Sempels sold 6,425 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $295.10, for a total transaction of $1,896,017.50. Following the completion of the sale, the insider now directly owns 730 shares in the company, valued at approximately $215,423. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Manuel Jm Steijaert sold 3,402 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $296.35, for a total value of $1,008,182.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jo Sempels sold 6,425 shares of McDonald’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $295.10, for a total value of $1,896,017.50. Following the completion of the transaction, the insider now owns 730 shares of the company’s stock, valued at approximately $215,423. The disclosure for this sale can be found here. Insiders sold a total of 10,667 shares of company stock worth $3,155,167 in the last quarter. 0.27% of the stock is owned by company insiders.

McDonald’s Stock Performance

Shares of NYSE MCD traded up $0.66 during trading hours on Friday, reaching $286.18. 707,154 shares of the stock were exchanged, compared to its average volume of 2,621,666. The firm has a market capitalization of $208.92 billion, a price-to-earnings ratio of 30.80, a P/E/G ratio of 3.02 and a beta of 0.63. The stock’s fifty day simple moving average is $286.97 and its 200 day simple moving average is $275.20. McDonald’s Co. has a 52 week low of $230.58 and a 52 week high of $298.86.

McDonald’s (NYSE:MCD – Get Rating) last released its quarterly earnings results on Tuesday, April 25th. The fast-food giant reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.32. The firm had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.58 billion. McDonald’s had a net margin of 29.36% and a negative return on equity of 124.87%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.28 EPS. Research analysts predict that McDonald’s Co. will post 11.03 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Investors of record on Monday, June 5th will be paid a $1.52 dividend. This represents a $6.08 dividend on an annualized basis and a yield of 2.12%. McDonald’s’s dividend payout ratio is 65.24%.

McDonald’s Company Profile

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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, Russia, Spain, and the U.K.