Millington Financial Advisors LLC Has $532,000 Stock Holdings in McDonald’s Co. (NYSE:MCD)

Millington Financial Advisors LLC lowered its stake in McDonald’s Co. (NYSE:MCD) by 2.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,793 shares of the fast-food giant’s stock after selling 51 shares during the period. Millington Financial Advisors LLC’s holdings in McDonald’s were worth $532,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MCD. International Assets Investment Management LLC lifted its holdings in McDonald’s by 10,702.5% during the 4th quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock worth $644,739,000 after purchasing an additional 2,154,297 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in McDonald’s during the 3rd quarter worth $192,165,000. AMF Tjanstepension AB lifted its holdings in shares of McDonald’s by 174.7% during the third quarter. AMF Tjanstepension AB now owns 947,653 shares of the fast-food giant’s stock worth $249,693,000 after buying an additional 602,707 shares in the last quarter. Barclays PLC boosted its position in shares of McDonald’s by 16.7% in the third quarter. Barclays PLC now owns 2,997,877 shares of the fast-food giant’s stock valued at $789,762,000 after acquiring an additional 429,000 shares during the period. Finally, Winslow Capital Management LLC grew its stake in shares of McDonald’s by 39.6% in the third quarter. Winslow Capital Management LLC now owns 1,306,329 shares of the fast-food giant’s stock valued at $344,139,000 after acquiring an additional 370,699 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Performance

Shares of NYSE:MCD traded up $1.23 during midday trading on Tuesday, hitting $276.81. 3,275,408 shares of the stock were exchanged, compared to its average volume of 3,243,950. The business’s 50-day moving average price is $282.61 and its 200 day moving average price is $281.45. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39. The stock has a market capitalization of $199.58 billion, a price-to-earnings ratio of 23.92, a P/E/G ratio of 2.99 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. The firm had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.59 EPS. As a group, sell-side analysts expect that McDonald’s Co. will post 12.33 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.41%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio is currently 57.74%.

Wall Street Analyst Weigh In

Several analysts have weighed in on MCD shares. Stifel Nicolaus dropped their price objective on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a research note on Thursday, April 11th. Stephens reiterated an “overweight” rating and issued a $320.00 price target on shares of McDonald’s in a research note on Monday, February 5th. Royal Bank of Canada lowered their price objective on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 6th. Robert W. Baird reiterated an “outperform” rating and set a $315.00 target price on shares of McDonald’s in a research report on Tuesday, February 6th. Finally, BTIG Research cut McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Nine analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and an average target price of $319.72.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

About McDonald’s

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.