Kiely Wealth Advisory Group Inc. Raises Holdings in McDonald’s Co. (NYSE:MCD)

Kiely Wealth Advisory Group Inc. grew its holdings in McDonald’s Co. (NYSE:MCD) by 24.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 308 shares of the fast-food giant’s stock after buying an additional 61 shares during the quarter. Kiely Wealth Advisory Group Inc.’s holdings in McDonald’s were worth $84,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of McDonald’s during the 1st quarter worth $28,000. Clear Investment Research LLC purchased a new stake in McDonald’s during the fourth quarter worth about $38,000. Kings Path Partners LLC acquired a new position in McDonald’s during the second quarter worth about $38,000. Accent Capital Management LLC purchased a new position in McDonald’s in the fourth quarter valued at about $44,000. Finally, Transcendent Capital Group LLC purchased a new position in McDonald’s in the fourth quarter valued at about $45,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MCD has been the topic of a number of research reports. 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. Deutsche Bank Aktiengesellschaft lowered their target price on McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Wedbush reaffirmed an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a research note on Monday, July 29th. Citigroup increased their price objective on shares of McDonald’s from $275.00 to $301.00 and gave the company a “neutral” rating in a research note on Friday, September 13th. Finally, The Goldman Sachs Group began coverage on shares of McDonald’s in a report on Thursday, June 13th. They set a “neutral” rating and a $288.00 target price for the company. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $306.11.

Insider Buying and Selling at McDonald’s

In other news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $387,285.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $387,285.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the sale, the insider now owns 12,583 shares in the company, valued at $3,632,712.10. The disclosure for this sale can be found here. Insiders have sold a total of 5,193 shares of company stock valued at $1,403,593 over the last ninety days. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 1.0 %

Shares of MCD opened at $296.77 on Friday. The firm has a market cap of $213.88 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 3.88 and a beta of 0.72. The company’s fifty day moving average is $277.30 and its two-hundred day moving average is $270.88. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $302.39.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The firm had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. McDonald’s’s revenue was down .1% on a year-over-year basis. During the same period last year, the firm posted $3.17 EPS. As a group, equities research analysts anticipate that McDonald’s Co. will post 11.67 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a $1.67 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $6.68 annualized dividend and a yield of 2.25%. McDonald’s’s payout ratio is 56.71%.

McDonald’s 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.