Avior Wealth Management LLC Sells 534 Shares of McDonald’s Co. (NYSE:MCD)

Avior Wealth Management LLC trimmed its position in McDonald’s Co. (NYSE:MCD) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,051 shares of the fast-food giant’s stock after selling 534 shares during the quarter. Avior Wealth Management LLC’s holdings in McDonald’s were worth $4,166,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MCD. Independent Wealth Network Inc. grew its holdings in shares of McDonald’s by 4.2% in the fourth quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock worth $256,000 after purchasing an additional 35 shares during the last quarter. Paragon Capital Management Ltd grew its holdings in McDonald’s by 2.7% during the 4th quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock worth $407,000 after acquiring an additional 36 shares in the last quarter. Proquility Private Wealth Partners LLC grew its holdings in McDonald’s by 1.0% during the 4th quarter. Proquility Private Wealth Partners LLC now owns 3,737 shares of the fast-food giant’s stock worth $985,000 after acquiring an additional 38 shares in the last quarter. Unique Wealth LLC grew its holdings in McDonald’s by 1.2% during the 4th quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock worth $963,000 after acquiring an additional 38 shares in the last quarter. Finally, Patron Partners LLC grew its holdings in McDonald’s by 0.7% during the 4th quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock worth $1,529,000 after acquiring an additional 38 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on MCD shares. Argus reiterated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. Wedbush reiterated an “outperform” rating and set a $330.00 target price on shares of McDonald’s in a report on Tuesday, February 6th. Stephens reissued an “overweight” rating and set a $320.00 price target on shares of McDonald’s in a research report on Monday, February 5th. BTIG Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Finally, Evercore ISI reissued an “outperform” rating and set a $330.00 price target on shares of McDonald’s in a research report on Wednesday, March 27th. Nine research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $319.72.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated 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 directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by insiders.

McDonald’s Stock Performance

Shares of NYSE MCD traded down $0.86 during trading on Tuesday, hitting $265.37. 2,912,505 shares of the company were exchanged, compared to its average volume of 3,243,292. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The company has a fifty day moving average price of $284.60 and a 200-day moving average price of $280.75. The firm has a market capitalization of $191.33 billion, a PE ratio of 23.01, a P/E/G ratio of 2.89 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the previous year, the firm earned $2.59 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Research analysts anticipate that McDonald’s Co. will post 12.35 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.52%. McDonald’s’s dividend payout ratio is presently 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.