Wealthfront Advisers LLC Has $22.18 Million Stock Position in McDonald’s Corporation $MCD

Wealthfront Advisers LLC lifted its stake in shares of McDonald’s Corporation (NYSE:MCD) by 8.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,999 shares of the fast-food giant’s stock after buying an additional 5,506 shares during the period. Wealthfront Advisers LLC’s holdings in McDonald’s were worth $22,184,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Navellier & Associates Inc. boosted its holdings in shares of McDonald’s by 17.7% during the 3rd quarter. Navellier & Associates Inc. now owns 5,940 shares of the fast-food giant’s stock valued at $1,805,000 after acquiring an additional 895 shares in the last quarter. Edgemoor Investment Advisors Inc. raised its position in McDonald’s by 2.5% in the third quarter. Edgemoor Investment Advisors Inc. now owns 1,490 shares of the fast-food giant’s stock valued at $453,000 after purchasing an additional 36 shares during the last quarter. Centerpoint Advisors LLC boosted its stake in shares of McDonald’s by 20.7% during the third quarter. Centerpoint Advisors LLC now owns 222 shares of the fast-food giant’s stock valued at $67,000 after purchasing an additional 38 shares in the last quarter. Prospera Financial Services Inc grew its holdings in shares of McDonald’s by 1.9% during the third quarter. Prospera Financial Services Inc now owns 66,303 shares of the fast-food giant’s stock worth $20,157,000 after purchasing an additional 1,260 shares during the last quarter. Finally, Profund Advisors LLC increased its stake in shares of McDonald’s by 1.6% in the third quarter. Profund Advisors LLC now owns 14,031 shares of the fast-food giant’s stock valued at $4,264,000 after buying an additional 221 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 2,626 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $306.58, for a total transaction of $805,079.08. Following the completion of the sale, the insider owned 5,398 shares of the company’s stock, valued at $1,654,918.84. This trade represents a 32.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Manuel Jm Steijaert sold 6,567 shares of McDonald’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $305.50, for a total transaction of $2,006,218.50. Following the completion of the sale, the executive vice president owned 4,606 shares of the company’s stock, valued at $1,407,133. This represents a 58.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 32,008 shares of company stock worth $9,895,452. Company insiders own 0.25% of the company’s stock.

McDonald’s Trading Down 0.5%

Shares of MCD opened at $325.57 on Tuesday. The stock has a market capitalization of $231.85 billion, a P/E ratio of 27.78, a price-to-earnings-growth ratio of 3.31 and a beta of 0.52. The firm’s fifty day simple moving average is $311.40 and its two-hundred day simple moving average is $307.60. McDonald’s Corporation has a 12 month low of $283.47 and a 12 month high of $328.06.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd will be given a dividend of $1.86 per share. The ex-dividend date is Tuesday, March 3rd. This represents a $7.44 annualized dividend and a dividend yield of 2.3%. McDonald’s’s dividend payout ratio is presently 63.48%.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of research reports. KeyCorp raised their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, January 9th. Morgan Stanley set a $335.00 price target on shares of McDonald’s in a research note on Friday, October 17th. Wells Fargo & Company lifted their price target on shares of McDonald’s from $340.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. BMO Capital Markets restated an “outperform” rating on shares of McDonald’s in a report on Thursday, November 6th. Finally, TD Cowen reaffirmed a “hold” rating on shares of McDonald’s in a report on Thursday, January 8th. Fifteen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, McDonald’s presently has an average rating of “Hold” and an average price target of $332.30.

McDonald’s Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.