Affiance Financial LLC Sells 400 Shares of McDonald’s Co. (NYSE:MCD)

Affiance Financial LLC lessened its position in shares of McDonald’s Co. (NYSE:MCD) by 5.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,733 shares of the fast-food giant’s stock after selling 400 shares during the period. Affiance Financial LLC’s holdings in McDonald’s were worth $1,898,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aspiriant LLC increased its position in McDonald’s by 2.8% in the 1st quarter. Aspiriant LLC now owns 3,216 shares of the fast-food giant’s stock valued at $907,000 after acquiring an additional 87 shares during the period. Visionary Horizons LLC increased its position in McDonald’s by 5.0% in the 1st quarter. Visionary Horizons LLC now owns 1,562 shares of the fast-food giant’s stock valued at $418,000 after acquiring an additional 74 shares during the period. Aletheian Wealth Advisors LLC increased its position in McDonald’s by 44.2% in the 1st quarter. Aletheian Wealth Advisors LLC now owns 3,431 shares of the fast-food giant’s stock valued at $967,000 after acquiring an additional 1,051 shares during the period. Key Client Fiduciary Advisors LLC increased its position in McDonald’s by 2.8% in the 1st quarter. Key Client Fiduciary Advisors LLC now owns 1,432 shares of the fast-food giant’s stock valued at $404,000 after acquiring an additional 39 shares during the period. Finally, GoalVest Advisory LLC increased its position in McDonald’s by 24.7% in the 1st quarter. GoalVest Advisory LLC now owns 4,826 shares of the fast-food giant’s stock valued at $1,361,000 after acquiring an additional 957 shares during the period. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of MCD stock traded down $0.08 on Thursday, hitting $257.75. The stock had a trading volume of 128,207 shares, compared to its average volume of 3,365,138. The business has a 50 day moving average of $264.15 and a 200 day moving average of $279.82. The stock has a market cap of $185.76 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 2.90 and a beta of 0.71. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). The firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.63 EPS. As a group, research analysts expect that McDonald’s Co. will post 12.19 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a dividend of $1.67 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.59%. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated 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 owns 15,878 shares in the company, valued at $4,209,734.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Friday, June 21st. The shares were 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 $3,842,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total transaction of $291,377.87. Following the completion of the transaction, the insider now 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. Over the last 90 days, insiders sold 4,095 shares of company stock worth $1,100,625. Insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. UBS Group decreased their price target on shares of 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 reduced their price objective on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research note on Thursday, April 11th. Evercore ISI reaffirmed an “outperform” rating and issued a $330.00 price objective on shares of McDonald’s in a research note on Wednesday, March 27th. Truist Financial reduced their price objective on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Finally, TD Cowen reaffirmed a “buy” rating and issued a $305.00 price objective on shares of McDonald’s in a research note on Thursday, June 13th. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $315.14.

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.