Masso Torrence Wealth Management Inc. Acquires Shares of 917 McDonald’s Co. (NYSE:MCD)

Masso Torrence Wealth Management Inc. acquired a new position in McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 917 shares of the fast-food giant’s stock, valued at approximately $272,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCD. Shulman DeMeo Asset Management LLC grew its position in shares of McDonald’s by 12.2% during the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock worth $312,000 after buying an additional 114 shares during the period. Beaumont Financial Advisors LLC grew its position in shares of McDonald’s by 0.6% during the 3rd quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock worth $21,191,000 after buying an additional 450 shares during the period. First National Bank of Mount Dora Trust Investment Services grew its position in shares of McDonald’s by 2.8% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock worth $3,269,000 after buying an additional 301 shares during the period. Mengis Capital Management Inc. grew its position in shares of McDonald’s by 7.9% during the 3rd quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock worth $1,191,000 after buying an additional 331 shares during the period. Finally, Garden State Investment Advisory Services LLC grew its position in shares of McDonald’s by 7.7% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 1,227 shares of the fast-food giant’s stock worth $323,000 after buying an additional 88 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Price Performance

NYSE MCD traded up $1.39 on Tuesday, reaching $276.97. The stock had a trading volume of 2,163,968 shares, compared to its average volume of 3,229,679. The firm has a fifty day moving average of $282.82 and a two-hundred day moving average of $281.24. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39. The company has a market cap of $199.70 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 2.99 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data 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. The firm had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.59 EPS. Research analysts predict that McDonald’s Co. will post 12.33 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.41%. McDonald’s’s payout ratio is 57.74%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. UBS Group cut their price objective on McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Wedbush reiterated an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a report on Tuesday, February 6th. Bank of America lifted their price objective on McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Evercore ISI reiterated an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a report on Wednesday, March 27th. Finally, Stephens reiterated an “overweight” rating and set a $320.00 price objective on shares of McDonald’s in a report on Monday, February 5th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $319.72.

About McDonald’s

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.