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

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC lifted 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 valued at $32,000 after acquiring an additional 42 shares during the period. Spartan Planning & Wealth Management acquired a new position in McDonald’s during the third quarter worth $33,000. Keener Financial Planning LLC acquired a new position in McDonald’s during the fourth quarter worth $39,000. Bear Mountain Capital Inc. acquired a new position in McDonald’s during the fourth quarter worth $43,000. Finally, Mendota Financial Group LLC acquired a new position in McDonald’s during the fourth quarter worth $50,000. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Performance

MCD traded up $1.19 on Thursday, reaching $277.94. The company had a trading volume of 1,858,319 shares, compared to its average volume of 3,237,359. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The business has a 50 day simple moving average of $282.38 and a 200 day simple moving average of $281.41. The company has a market cap of $200.40 billion, a price-to-earnings ratio of 23.93, a P/E/G ratio of 3.02 and a beta of 0.71.

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

McDonald’s Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on MCD. Stephens restated an “overweight” rating and set a $320.00 price objective on shares of McDonald’s in a report on Monday, February 5th. TD Cowen reiterated a “buy” rating and issued a $325.00 target price on shares of McDonald’s in a research note on Wednesday, April 10th. StockNews.com lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Stifel Nicolaus reduced their target price on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a research note on Thursday, April 11th. Finally, Bank of America upped their target price on shares of McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $319.72.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’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 owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’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 transaction, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.

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.