B. Riley Wealth Advisors Inc. Has $14.87 Million Position in McDonald’s Co. (NYSE:MCD)

B. Riley Wealth Advisors Inc. boosted its position in McDonald’s Co. (NYSE:MCD) by 7.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,352 shares of the fast-food giant’s stock after buying an additional 4,153 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in McDonald’s were worth $14,870,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. acquired a new position in McDonald’s during the second quarter worth $6,612,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of McDonald’s by 58.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock valued at $35,194,000 after acquiring an additional 51,210 shares during the last quarter. Brevan Howard Capital Management LP increased its position in shares of McDonald’s by 411.4% in the fourth quarter. Brevan Howard Capital Management LP now owns 7,497 shares of the fast-food giant’s stock valued at $2,223,000 after acquiring an additional 6,031 shares during the last quarter. BNP Paribas bought a new stake in McDonald’s during the first quarter worth about $7,898,000. Finally, First Long Island Investors LLC boosted its position in McDonald’s by 16.6% during the first quarter. First Long Island Investors LLC now owns 54,021 shares of the fast-food giant’s stock valued at $15,231,000 after purchasing an additional 7,707 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $387,285.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $387,285.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total transaction of $285,740.00. Following the completion of the sale, the insider now owns 13,681 shares of the company’s stock, valued at $3,557,060. The disclosure for this sale can be found here. Insiders have sold 33,249 shares of company stock worth $9,865,866 over the last ninety days. Insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

NYSE:MCD opened at $303.69 on Monday. McDonald’s Co. has a one year low of $243.53 and a one year high of $306.96. The company has a market cap of $218.86 billion, a PE ratio of 25.78, a P/E/G ratio of 3.99 and a beta of 0.72. The firm’s 50 day simple moving average is $281.71 and its 200 day simple moving average is $270.93.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.10). The business had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.17 EPS. Equities research analysts expect that McDonald’s Co. will post 11.69 EPS for the current year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $1.77 dividend. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. 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, December 2nd. McDonald’s’s payout ratio is currently 56.71%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Bank of America cut their price objective on McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Citigroup upped their price objective on McDonald’s from $275.00 to $301.00 and gave the company a “neutral” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. boosted their target price on McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Robert W. Baird raised their price target on McDonald’s from $280.00 to $320.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Wedbush reiterated an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a report on Monday, July 29th. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $308.22.

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.