McDonald’s Co. (NYSE:MCD) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lessened its position in shares of McDonald’s Co. (NYSE:MCD) by 3.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 441,334 shares of the fast-food giant’s stock after selling 15,687 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in McDonald’s were worth $124,434,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Signature Resources Capital Management LLC purchased a new position in McDonald’s during the 4th quarter worth $31,000. Spartan Planning & Wealth Management purchased a new position in shares of McDonald’s during the third quarter worth about $33,000. Clear Investment Research LLC acquired a new position in McDonald’s in the 4th quarter valued at about $38,000. Keener Financial Planning LLC purchased a new stake in McDonald’s during the 4th quarter valued at approximately $39,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new stake in McDonald’s during the 4th quarter worth approximately $39,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Stock Performance

Shares of MCD traded up $0.33 during trading hours on Thursday, hitting $258.16. The stock had a trading volume of 2,649,859 shares, compared to its average volume of 3,385,421. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The firm has a market cap of $186.05 billion, a P/E ratio of 21.84, a P/E/G ratio of 2.90 and a beta of 0.71. The company’s fifty day simple moving average is $263.91 and its 200 day simple moving average is $279.67.

McDonald’s (NYSE:MCD) last released 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). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. During the same quarter last year, the business earned $2.63 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, sell-side analysts predict that McDonald’s Co. will post 12.19 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s payout ratio is currently 56.71%.

Analyst Ratings Changes

Several brokerages recently weighed in on MCD. Guggenheim decreased their price target on McDonald’s from $325.00 to $315.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. TD Cowen restated a “buy” rating and issued a $305.00 target price on shares of McDonald’s in a research note on Thursday, June 13th. The Goldman Sachs Group started coverage on shares of McDonald’s in a research note on Thursday, June 13th. They set a “neutral” rating and a $288.00 price target on the stock. Robert W. Baird reduced their price objective on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Finally, Bank of America dropped their target price on McDonald’s from $302.00 to $288.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 28th. Ten equities 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 company presently has an average rating of “Moderate Buy” and a consensus target price of $315.14.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the transaction, the insider now owns 14,780 shares in the company, valued at approximately $3,842,800. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total transaction of $291,377.87. Following the completion of the sale, the insider now directly owns 15,878 shares of the company’s stock, valued at approximately $4,209,734.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,095 shares of company stock valued at $1,100,625. Company insiders own 0.23% of the company’s stock.

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.