McDonald’s Co. (NYSE:MCD) Shares Sold by Etesian Wealth Advisors Inc.

Etesian Wealth Advisors Inc. lessened its holdings in McDonald’s Co. (NYSE:MCD) by 1.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 7,991 shares of the fast-food giant’s stock after selling 83 shares during the period. McDonald’s accounts for approximately 1.3% of Etesian Wealth Advisors Inc.’s holdings, making the stock its 21st largest holding. Etesian Wealth Advisors Inc.’s holdings in McDonald’s were worth $2,253,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Signature Resources Capital Management LLC acquired a new position in McDonald’s during the 4th quarter worth about $31,000. Spartan Planning & Wealth Management acquired a new position in McDonald’s during the 3rd quarter worth about $33,000. Clear Investment Research LLC acquired a new stake in McDonald’s in the 4th quarter valued at about $38,000. Keener Financial Planning LLC acquired a new stake in McDonald’s in the 4th quarter valued at about $39,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new stake in McDonald’s in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

MCD stock traded down $0.01 during trading on Wednesday, reaching $257.37. 1,297,121 shares of the stock traded hands, compared to its average volume of 3,379,007. The business’s 50 day moving average price is $264.15 and its 200-day moving average price is $279.82. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The firm has a market capitalization of $185.48 billion, a PE ratio of 21.67, a P/E/G ratio of 2.90 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.63 EPS. On average, equities research analysts predict that McDonald’s Co. will post 12.19 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s dividend payout ratio is presently 56.71%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MCD shares. Erste Group Bank restated a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Bank of America decreased their price objective on McDonald’s from $302.00 to $288.00 and set a “neutral” rating for the company in a research report on Tuesday, May 28th. UBS Group decreased their price objective on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Stifel Nicolaus decreased their price objective on McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a research report on Thursday, April 11th. Finally, Citigroup decreased their price objective on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Ten research analysts have rated the stock with a hold rating and twenty 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 a consensus target price of $315.14.

Insiders Place Their Bets

In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the transaction, the executive vice president now owns 19 shares in the company, valued at $5,225.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following the transaction, the insider now owns 14,780 shares in the company, valued at $3,842,800. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The disclosure for this sale can be found here. Insiders have sold a total of 4,095 shares of company stock worth $1,100,625 over the last quarter. 0.23% of the stock is owned by corporate insiders.

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.