Avidian Wealth Solutions LLC Decreases Stock Position in McDonald’s Co. (NYSE:MCD)

Avidian Wealth Solutions LLC lowered its position in McDonald’s Co. (NYSE:MCD) by 44.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,676 shares of the fast-food giant’s stock after selling 2,886 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in McDonald’s were worth $1,090,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avalon Trust Co boosted its stake in shares of McDonald’s by 18.1% during the 4th quarter. Avalon Trust Co now owns 1,089 shares of the fast-food giant’s stock valued at $323,000 after buying an additional 167 shares during the last quarter. FourThought Financial Partners LLC raised its holdings in McDonald’s by 2.1% in the fourth quarter. FourThought Financial Partners LLC now owns 4,017 shares of the fast-food giant’s stock valued at $1,191,000 after acquiring an additional 83 shares in the last quarter. TCG Advisory Services LLC boosted its stake in McDonald’s by 9.1% during the 4th quarter. TCG Advisory Services LLC now owns 38,406 shares of the fast-food giant’s stock valued at $11,388,000 after acquiring an additional 3,189 shares during the last quarter. Red Cedar Investment Management LLC grew its holdings in McDonald’s by 1.8% during the 4th quarter. Red Cedar Investment Management LLC now owns 16,781 shares of the fast-food giant’s stock worth $4,976,000 after acquiring an additional 291 shares in the last quarter. Finally, AJOVista LLC bought a new stake in shares of McDonald’s in the 4th quarter worth about $59,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. decreased their price target on McDonald’s from $300.00 to $290.00 and set an “overweight” rating for the company in a research note on Wednesday. Stifel Nicolaus lowered their price target on McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a report on Thursday, April 11th. Argus restated a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Guggenheim lowered their target price on shares of McDonald’s from $325.00 to $315.00 and set a “buy” rating for the company in a research note on Thursday. Finally, UBS Group dropped their target price on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Nine analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and an average price target of $317.74.

McDonald’s Stock Down 1.1 %

Shares of MCD traded down $2.96 during midday trading on Friday, reaching $270.32. 2,642,344 shares of the stock were exchanged, compared to its average volume of 3,812,742. The company has a market cap of $194.90 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 2.91 and a beta of 0.71. The firm has a 50 day simple moving average of $279.53 and a 200-day simple moving average of $282.76. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.54%. The business had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. During the same period in the previous year, the firm posted $2.63 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. Research analysts expect that McDonald’s Co. will post 12.18 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a yield of 2.47%. McDonald’s’s dividend payout ratio (DPR) is currently 56.71%.

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.