Etesian Wealth Advisors Inc. Sells 83 Shares of McDonald’s Co. (NYSE:MCD)

Etesian Wealth Advisors Inc. lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,991 shares of the fast-food giant’s stock after selling 83 shares during the quarter. McDonald’s comprises approximately 1.3% of Etesian Wealth Advisors Inc.’s portfolio, making the stock its 21st biggest holding. Etesian Wealth Advisors Inc.’s holdings in McDonald’s were worth $2,253,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MCD. Norges Bank purchased a new stake in shares of McDonald’s in the fourth quarter worth about $2,684,899,000. Gallagher Fiduciary Advisors LLC raised its stake in McDonald’s by 141,160.9% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock valued at $1,664,521,000 after purchasing an additional 5,609,736 shares in the last quarter. International Assets Investment Management LLC raised its stake in McDonald’s by 10,702.5% in the fourth quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock valued at $644,739,000 after purchasing an additional 2,154,297 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in McDonald’s by 15.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock valued at $2,178,474,000 after purchasing an additional 987,099 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in McDonald’s by 552.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 791,639 shares of the fast-food giant’s stock valued at $234,729,000 after purchasing an additional 670,261 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction 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 sale was disclosed in a document filed with the SEC, 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 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 transaction, 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 SEC, 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 value of $291,377.87. Following the completion of the transaction, 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 worth $1,100,625. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

NYSE:MCD traded down $0.01 during trading hours on Wednesday, hitting $257.37. The company had a trading volume of 1,297,121 shares, compared to its average volume of 3,379,007. The company has a market capitalization of $185.48 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 2.90 and a beta of 0.71. The stock has a 50-day moving average price of $264.15 and a 200 day moving average price of $279.82. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share 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 180.74%. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter last year, the firm earned $2.63 EPS. The business’s revenue was up 4.6% on a year-over-year basis. Analysts anticipate that McDonald’s Co. will post 12.19 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MCD shares. Wedbush lowered their target price on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. TD Cowen reaffirmed a “buy” rating and issued a $305.00 target price on shares of McDonald’s in a research note on Thursday, June 13th. JPMorgan Chase & Co. raised their target price on shares of McDonald’s from $290.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, June 3rd. Stifel Nicolaus lowered their target price 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. Finally, Robert W. Baird decreased their price target on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and an average price target of $315.14.

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.