Bordeaux Wealth Advisors LLC Sells 1,015 Shares of McDonald's Corporation (NYSE:MCD)

Bordeaux Wealth Advisors LLC lessened its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 32.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,131 shares of the fast-food giant's stock after selling 1,015 shares during the period. Bordeaux Wealth Advisors LLC's holdings in McDonald's were worth $666,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Granite Bay Wealth Management LLC boosted its holdings in McDonald's by 3.5% during the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock worth $309,000 after acquiring an additional 33 shares during the last quarter. CVA Family Office LLC boosted its holdings in shares of McDonald's by 1.9% in the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after buying an additional 33 shares during the last quarter. Consilium Wealth Advisory LLC boosted its holdings in shares of McDonald's by 2.5% in the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock worth $417,000 after buying an additional 33 shares during the last quarter. Northeast Financial Consultants Inc boosted its holdings in shares of McDonald's by 0.5% in the 4th quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock worth $2,170,000 after buying an additional 34 shares during the last quarter. Finally, Tealwood Asset Management Inc. boosted its holdings in shares of McDonald's by 0.4% in the 1st quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant's stock worth $2,535,000 after buying an additional 34 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

Insider Transactions at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $315.07, for a total transaction of $295,850.73. Following the completion of the transaction, the insider now owns 11,161 shares of the company's stock, valued at approximately $3,516,496.27. The trade was a 7.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 2,817 shares of company stock valued at $865,843. 0.25% of the stock is owned by corporate insiders.

McDonald's Stock Up 2.2%

Shares of MCD opened at $291.94 on Friday. The business's 50-day moving average price is $308.26 and its 200-day moving average price is $302.43. McDonald's Corporation has a twelve month low of $243.53 and a twelve month high of $326.32. The stock has a market cap of $208.74 billion, a PE ratio of 25.77, a P/E/G ratio of 2.98 and a beta of 0.56.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting the consensus estimate of $2.67. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The firm had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. During the same period in the prior year, the business posted $2.70 earnings per share. The company's revenue was down 3.5% on a year-over-year basis. Analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Monday, June 2nd. McDonald's's payout ratio is 62.49%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MCD shares. Erste Group Bank downgraded shares of McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Argus downgraded shares of McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Redburn Atlantic reissued a "sell" rating and issued a $260.00 price target (down from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Morgan Stanley reissued an "equal weight" rating and issued a $324.00 price target (down from $329.00) on shares of McDonald's in a report on Monday, June 9th. Finally, Robert W. Baird boosted their price target on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, McDonald's presently has a consensus rating of "Hold" and an average target price of $321.79.

About McDonald's

McDonald's Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.

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