Millington Financial Advisors LLC Sells 65 Shares of McDonald’s Co. (NYSE:MCD)

Millington Financial Advisors LLC lowered its holdings in McDonald’s Co. (NYSE:MCD) by 3.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,636 shares of the fast-food giant’s stock after selling 65 shares during the quarter. Millington Financial Advisors LLC’s holdings in McDonald’s were worth $417,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. North Point Portfolio Managers Corp OH grew its position in shares of McDonald’s by 26.9% in the 2nd quarter. North Point Portfolio Managers Corp OH now owns 1,974 shares of the fast-food giant’s stock worth $503,000 after buying an additional 419 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of McDonald’s by 2.6% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 448,690 shares of the fast-food giant’s stock worth $114,344,000 after buying an additional 11,215 shares during the last quarter. Oxler Private Wealth LLC grew its position in shares of McDonald’s by 0.7% in the 2nd quarter. Oxler Private Wealth LLC now owns 6,173 shares of the fast-food giant’s stock worth $1,573,000 after buying an additional 40 shares during the last quarter. Golden State Equity Partners purchased a new position in shares of McDonald’s in the 2nd quarter worth approximately $2,774,000. Finally, Modera Wealth Management LLC grew its position in shares of McDonald’s by 5.5% in the 2nd quarter. Modera Wealth Management LLC now owns 20,551 shares of the fast-food giant’s stock worth $5,237,000 after buying an additional 1,066 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the topic of several research analyst reports. Barclays dropped their target price on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. BMO Capital Markets decreased their price objective on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a research note on Tuesday, July 30th. Morgan Stanley decreased their target price on shares of McDonald’s from $312.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. Jefferies Financial Group decreased their target price on shares of McDonald’s from $320.00 to $310.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Finally, Wedbush reiterated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a research note on Monday, July 29th. Eleven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $303.71.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $260.00, for a total value of $285,480.00. Following the transaction, the insider now directly owns 14,780 shares in the company, valued at $3,842,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $260.00, for a total value of $285,480.00. Following the transaction, the insider now directly owns 14,780 shares in the company, valued at $3,842,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at $387,285.60. The disclosure for this sale can be found here. Insiders have sold a total of 4,793 shares of company stock valued at $1,260,106 over the last 90 days. 0.23% of the stock is owned by corporate insiders.

McDonald’s Stock Performance

Shares of MCD traded up $0.69 during mid-day trading on Friday, hitting $288.55. 2,528,115 shares of the company’s stock were exchanged, compared to its average volume of 3,519,216. The company has a market cap of $207.95 billion, a price-to-earnings ratio of 24.49, a P/E/G ratio of 3.58 and a beta of 0.71. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $302.39. The stock’s 50-day moving average is $265.04 and its 200-day moving average is $271.00.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.10). The firm had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.92%. The firm’s revenue was down .1% compared to the same quarter last year. During the same period last year, the business earned $3.17 EPS. As a group, equities research analysts anticipate that McDonald’s Co. will post 11.71 EPS for the current year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a $1.67 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a yield of 2.32%. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

About McDonald’s

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.