Wealth Enhancement Advisory Services LLC Sells 15,687 Shares of McDonald’s Co. (NYSE:MCD)

Wealth Enhancement Advisory Services LLC lessened its position in shares of McDonald’s Co. (NYSE:MCD) by 3.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 441,334 shares of the fast-food giant’s stock after selling 15,687 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.06% of McDonald’s worth $124,434,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Roffman Miller Associates Inc. PA boosted its stake in McDonald’s by 1.7% during the fourth quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock worth $46,179,000 after acquiring an additional 2,546 shares in the last quarter. Shulman DeMeo Asset Management LLC grew its stake in shares of McDonald’s by 12.2% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock valued at $312,000 after buying an additional 114 shares during the period. Aigen Investment Management LP bought a new stake in McDonald’s in the 4th quarter valued at about $4,286,000. Strait & Sound Wealth Management LLC acquired a new position in McDonald’s during the 4th quarter worth approximately $211,000. Finally, First National Bank of Mount Dora Trust Investment Services boosted its holdings in McDonald’s by 2.8% in the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock worth $3,269,000 after acquiring an additional 301 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MCD. UBS Group dropped their price target on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Evercore ISI reiterated an “outperform” rating and set a $330.00 target price on shares of McDonald’s in a research report on Wednesday, March 27th. Citigroup reduced their price objective on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Morgan Stanley decreased their price objective on McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Finally, Bank of America decreased their target price on shares of McDonald’s from $302.00 to $288.00 and set a “neutral” rating on the stock in a report on Tuesday, May 28th. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $315.14.

Insiders Place Their Bets

In other news, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Jonathan Banner sold 800 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the sale, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $260.00, for a total transaction of $285,480.00. Following the transaction, the insider now owns 14,780 shares of the company’s stock, valued at $3,842,800. The disclosure for this sale can be found here. Insiders sold 4,095 shares of company stock worth $1,100,625 over the last three months. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.1 %

Shares of McDonald’s stock traded up $0.33 on Thursday, hitting $258.16. The stock had a trading volume of 2,649,859 shares, compared to its average volume of 3,385,421. The stock’s 50-day simple moving average is $263.91 and its two-hundred day simple moving average is $279.67. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The stock has a market cap of $186.05 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 2.90 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted 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 firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. 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 posted $2.63 earnings per share. As a group, equities analysts predict that McDonald’s Co. will post 12.19 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.59%. The ex-dividend date was Monday, June 3rd. McDonald’s’s dividend payout ratio 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.