McDonald’s Co. (NYSE:MCD) Shares Sold by Millington Financial Advisors LLC

Millington Financial Advisors LLC lowered its holdings in McDonald’s Co. (NYSE:MCD) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,793 shares of the fast-food giant’s stock after selling 51 shares during the period. Millington Financial Advisors LLC’s holdings in McDonald’s were worth $532,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC bought a new stake in shares of McDonald’s during the 4th quarter worth $1,397,000. Eudaimonia Advisors LLC lifted its holdings in shares of McDonald’s by 7.6% during the fourth quarter. Eudaimonia Advisors LLC now owns 2,757 shares of the fast-food giant’s stock valued at $817,000 after purchasing an additional 194 shares during the last quarter. Masso Torrence Wealth Management Inc. acquired a new position in shares of McDonald’s in the 4th quarter valued at $272,000. Pacific Wealth Strategies Group Inc. purchased a new position in McDonald’s in the 4th quarter worth about $203,000. Finally, Parkside Financial Bank & Trust raised its holdings in McDonald’s by 7.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,808 shares of the fast-food giant’s stock worth $1,129,000 after buying an additional 248 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MCD. Morgan Stanley dropped their target price on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Robert W. Baird reissued an “outperform” rating and set a $315.00 target price on shares of McDonald’s in a research note on Tuesday, February 6th. Citigroup decreased their target price on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Barclays lowered their price target on McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a report on Tuesday, February 6th. Finally, Erste Group Bank reissued a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Nine equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $319.72.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’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 sale, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The sale was disclosed in a document filed 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 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 sale, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 0.4 %

McDonald’s stock traded up $1.23 during trading hours on Tuesday, reaching $276.81. 3,275,408 shares of the company were exchanged, compared to its average volume of 3,243,950. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39. The firm has a market cap of $199.58 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 2.99 and a beta of 0.71. The stock has a 50-day moving average of $282.61 and a 200 day moving average of $281.45.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same period last year, the business posted $2.59 EPS. McDonald’s’s revenue was up 8.1% compared to the same quarter last year. As a group, research analysts forecast that McDonald’s Co. will post 12.33 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is currently 57.74%.

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.