McDonald's Corporation (NYSE:MCD) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC trimmed its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 6.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 411,606 shares of the fast-food giant's stock after selling 26,353 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.06% of McDonald's worth $128,573,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Mascagni Wealth Management Inc. acquired a new stake in McDonald's during the 4th quarter worth about $25,000. Atala Financial Inc acquired a new stake in McDonald's during the fourth quarter valued at $26,000. Pinney & Scofield Inc. acquired a new position in McDonald's in the 4th quarter worth about $29,000. Fairway Wealth LLC raised its position in McDonald's by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after acquiring an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new position in McDonald's during the fourth quarter worth $30,000. Institutional investors own 70.29% of the company's stock.

Insider Transactions at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the completion of the transaction, the insider now directly owns 12,100 shares of the company's stock, valued at approximately $3,853,850. The trade was a 7.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.25% of the company's stock.

McDonald's Stock Down 1.1%

NYSE MCD opened at $289.24 on Thursday. 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 $206.81 billion, a P/E ratio of 25.53, a PEG ratio of 3.05 and a beta of 0.56. The company's 50-day simple moving average is $311.36 and its 200 day simple moving average is $302.86.

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

McDonald's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Monday, June 2nd. McDonald's's dividend payout ratio is currently 62.49%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MCD. Barclays increased their price objective on McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. BTIG Research reissued a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Northcoast Research cut shares of McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Truist Financial set a $350.00 target price on shares of McDonald's in a research report on Friday, May 2nd. Finally, Morgan Stanley reaffirmed an "equal weight" rating and issued a $324.00 price target (down from $329.00) on shares of McDonald's in a research report on Monday, June 9th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, McDonald's currently has an average rating of "Hold" and a consensus target price of $321.79.

McDonald's Company Profile

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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