Rainey & Randall Wealth Advisors Inc. Has $3.59 Million Stake in McDonald’s Co. (NYSE:MCD)

Rainey & Randall Wealth Advisors Inc. lowered its position in McDonald’s Co. (NYSE:MCD) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,389 shares of the fast-food giant’s stock after selling 990 shares during the quarter. McDonald’s makes up about 0.7% of Rainey & Randall Wealth Advisors Inc.’s investment portfolio, making the stock its 20th largest holding. Rainey & Randall Wealth Advisors Inc.’s holdings in McDonald’s were worth $3,591,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mount Yale Investment Advisors LLC increased its holdings in shares of McDonald’s by 52.4% in the third quarter. Mount Yale Investment Advisors LLC now owns 5,288 shares of the fast-food giant’s stock valued at $1,610,000 after purchasing an additional 1,818 shares during the last quarter. Country Club Bank grew its stake in McDonald’s by 0.8% in the 3rd quarter. Country Club Bank now owns 9,948 shares of the fast-food giant’s stock valued at $3,021,000 after buying an additional 82 shares during the last quarter. Signet Investment Advisory Group Inc. raised its holdings in McDonald’s by 4.7% in the 3rd quarter. Signet Investment Advisory Group Inc. now owns 9,326 shares of the fast-food giant’s stock valued at $2,840,000 after acquiring an additional 418 shares during the period. Allworth Financial LP lifted its position in McDonald’s by 8.2% during the third quarter. Allworth Financial LP now owns 35,395 shares of the fast-food giant’s stock worth $10,778,000 after acquiring an additional 2,674 shares during the last quarter. Finally, Parcion Private Wealth LLC boosted its holdings in shares of McDonald’s by 10.4% during the third quarter. Parcion Private Wealth LLC now owns 20,820 shares of the fast-food giant’s stock worth $6,340,000 after acquiring an additional 1,959 shares during the period. Institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 0.6 %

McDonald’s stock opened at $304.76 on Friday. The stock has a 50-day moving average price of $292.61 and a two-hundred day moving average price of $293.92. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The company has a market capitalization of $218.40 billion, a PE ratio of 26.76, a P/E/G ratio of 3.10 and a beta of 0.74.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.32%. McDonald’s’s dividend payout ratio is 62.16%.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the transaction, the insider now owns 8,187 shares in the company, valued at approximately $2,383,235.70. The trade was a 11.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,205 shares of company stock worth $6,703,569 over the last three months. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Barclays increased their target price on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Citigroup boosted their target price on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Loop Capital reiterated a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research note on Friday, January 3rd. Wedbush increased their target price on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Finally, KeyCorp lifted their price target on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $323.61.

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.