Aviance Capital Partners LLC Sells 642 Shares of McDonald’s Co. (NYSE:MCD)

Aviance Capital Partners LLC lessened its position in McDonald’s Co. (NYSE:MCD) by 16.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,164 shares of the fast-food giant’s stock after selling 642 shares during the quarter. Aviance Capital Partners LLC’s holdings in McDonald’s were worth $938,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of MCD. Capital Performance Advisors LLP bought a new stake in shares of McDonald’s in the fourth quarter valued at about $216,000. Peregrine Asset Advisers Inc. raised its holdings in McDonald’s by 20.5% in the 4th quarter. Peregrine Asset Advisers Inc. now owns 2,354 shares of the fast-food giant’s stock valued at $698,000 after acquiring an additional 401 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in shares of McDonald’s by 21.4% during the 4th quarter. Apollon Wealth Management LLC now owns 27,923 shares of the fast-food giant’s stock worth $8,279,000 after purchasing an additional 4,931 shares in the last quarter. UNIVEST FINANCIAL Corp increased its position in shares of McDonald’s by 8.5% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 1,197 shares of the fast-food giant’s stock worth $355,000 after purchasing an additional 94 shares during the period. Finally, Maryland State Retirement & Pension System raised its stake in McDonald’s by 1.1% in the fourth quarter. Maryland State Retirement & Pension System now owns 56,780 shares of the fast-food giant’s stock valued at $16,836,000 after purchasing an additional 604 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the transaction, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’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 completion of the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. 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 1,098 shares of the stock in a transaction on Tuesday, April 23rd. The shares were 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 in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MCD has been the subject of several research analyst reports. Truist Financial lowered their price objective on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Argus restated a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Bank of America raised their price objective on McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. Wedbush lowered their target price on McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Finally, BMO Capital Markets cut their price target on McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Nine equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $317.74.

McDonald’s Trading Down 0.9 %

MCD traded down $2.31 on Tuesday, hitting $266.99. 3,159,583 shares of the company’s stock traded hands, compared to its average volume of 3,309,868. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The firm has a market cap of $192.50 billion, a price-to-earnings ratio of 22.66, a P/E/G ratio of 3.01 and a beta of 0.71. The company’s 50 day simple moving average is $278.43 and its 200-day simple moving average is $282.90.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share 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 the consensus estimate of $6.16 billion. McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. McDonald’s’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.63 EPS. As a group, equities analysts anticipate that McDonald’s Co. will post 12.18 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Thursday, February 29th. McDonald’s’s payout ratio is presently 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.