Aberdeen Wealth Management LLC Sells 350 Shares of McDonald’s Co. (NYSE:MCD)

Aberdeen Wealth Management LLC cut its holdings in McDonald’s Co. (NYSE:MCD) by 12.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,517 shares of the fast-food giant’s stock after selling 350 shares during the period. Aberdeen Wealth Management LLC’s holdings in McDonald’s were worth $730,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Atala Financial Inc bought a new position in shares of McDonald’s in the fourth quarter valued at approximately $26,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of McDonald’s in the fourth quarter valued at approximately $27,000. Collier Financial bought a new position in shares of McDonald’s in the fourth quarter valued at approximately $29,000. Pinney & Scofield Inc. bought a new position in shares of McDonald’s in the fourth quarter valued at approximately $29,000. Finally, Fairway Wealth LLC grew its holdings in shares of McDonald’s by 110.0% in 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. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other McDonald’s news, EVP Tiffanie L. Boyd sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. This trade represents a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $305.00, for a total value of $286,395.00. Following the sale, the insider now owns 13,978 shares in the company, valued at $4,263,290. The trade was a 6.29% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,276 shares of company stock worth $4,419,385. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

NYSE:MCD opened at $314.65 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The company has a market cap of $224.99 billion, a P/E ratio of 27.63, a P/E/G ratio of 3.10 and a beta of 0.57. The stock’s fifty day moving average price is $311.68 and its two-hundred day moving average price is $301.50.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter last year, the business posted $2.70 earnings per share. The firm’s revenue was down 3.5% compared to the same quarter last year. On average, analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $1.77 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.25%. McDonald’s’s dividend payout ratio (DPR) is presently 62.49%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MCD shares. Erste Group Bank raised McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. KeyCorp upped their price objective on McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. Piper Sandler upped their price objective on McDonald’s from $292.00 to $314.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Bank of America upped their price objective on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Finally, Wedbush upped their price objective on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Eleven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $325.91.

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.