Masso Torrence Wealth Management Inc. Purchases 130 Shares of McDonald’s Co. (NYSE:MCD)

Masso Torrence Wealth Management Inc. lifted its holdings in McDonald’s Co. (NYSE:MCD) by 10.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,352 shares of the fast-food giant’s stock after buying an additional 130 shares during the period. Masso Torrence Wealth Management Inc.’s holdings in McDonald’s were worth $345,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Roffman Miller Associates Inc. PA lifted its position in shares of McDonald’s by 1.7% during the 4th quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock valued at $46,179,000 after buying an additional 2,546 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of McDonald’s in the fourth quarter worth $4,286,000. Strait & Sound Wealth Management LLC purchased a new position in shares of McDonald’s during the 4th quarter valued at $211,000. Choreo LLC boosted its holdings in McDonald’s by 22.0% in the 4th quarter. Choreo LLC now owns 23,244 shares of the fast-food giant’s stock worth $6,892,000 after buying an additional 4,190 shares during the period. Finally, Vestor Capital LLC raised its holdings in McDonald’s by 40.4% during the fourth quarter. Vestor Capital LLC now owns 74,427 shares of the fast-food giant’s stock valued at $22,068,000 after acquiring an additional 21,413 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 0.7 %

Shares of McDonald’s stock traded down $1.92 during trading on Tuesday, reaching $285.63. The company’s stock had a trading volume of 3,567,918 shares, compared to its average volume of 3,580,024. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $302.39. The company has a market cap of $205.85 billion, a price-to-earnings ratio of 24.25, a P/E/G ratio of 3.58 and a beta of 0.71. The company has a 50-day simple moving average of $260.01 and a two-hundred day simple moving average of $270.72.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.92% and a net margin of 32.25%. The company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same quarter last year, the business earned $3.17 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. As a group, analysts anticipate that McDonald’s Co. will post 11.71 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Tuesday, September 3rd. McDonald’s’s dividend payout ratio is presently 56.71%.

Insider Transactions at McDonald’s

In related news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $387,285.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $260.00, for a total transaction of $285,480.00. Following the completion of the transaction, the insider now directly owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $387,285.60. The disclosure for this sale can be found here. Insiders sold a total of 4,794 shares of company stock worth $1,234,491 over the last three months. 0.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MCD shares. Bank of America lowered their price target on McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Morgan Stanley reduced their target price on shares of McDonald’s from $312.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. Wedbush reaffirmed an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a report on Monday, July 29th. The Goldman Sachs Group initiated coverage on McDonald’s in a research report on Thursday, June 13th. They set a “neutral” rating and a $288.00 price objective on the stock. Finally, Citigroup dropped their target price on McDonald’s from $280.00 to $275.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $303.71.

McDonald’s Company 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.