Lineweaver Wealth Advisors LLC Acquires 1,583 Shares of McDonald’s Co. (NYSE:MCD)

Lineweaver Wealth Advisors LLC grew its stake in McDonald’s Co. (NYSE:MCD) by 16.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,179 shares of the fast-food giant’s stock after acquiring an additional 1,583 shares during the period. Lineweaver Wealth Advisors LLC’s holdings in McDonald’s were worth $3,241,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Legacy Investment Solutions LLC acquired a new stake in McDonald’s in the third quarter valued at $25,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald’s during the 4th quarter worth about $27,000. Collier Financial bought a new stake in shares of McDonald’s during the fourth quarter worth approximately $29,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald’s in the 3rd quarter valued at $31,000. Finally, Marshall Investment Management LLC bought a new position in McDonald’s during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Citigroup lifted their price objective on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. raised their target price on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Barclays raised their price target on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. BMO Capital Markets upped their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Finally, TD Securities reiterated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a report on Monday, February 10th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

Insider Buying and Selling

In other news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $453,882. The trade was a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,504 shares of company stock worth $9,897,305 in the last ninety days. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 2.2 %

NYSE:MCD opened at $304.02 on Thursday. The firm has a fifty day simple moving average of $293.36 and a two-hundred day simple moving average of $294.72. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock has a market capitalization of $217.87 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 3.10 and a beta of 0.74.

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

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

McDonald’s Company 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.