Motive Wealth Advisors Sells 119 Shares of McDonald’s Co. (NYSE:MCD)

Motive Wealth Advisors reduced its holdings in shares of McDonald’s Co. (NYSE:MCD) by 9.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,205 shares of the fast-food giant’s stock after selling 119 shares during the period. Motive Wealth Advisors’ holdings in McDonald’s were worth $376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Lakeridge Wealth Management LLC increased its position in McDonald’s by 1.4% during the 1st quarter. Lakeridge Wealth Management LLC now owns 2,547 shares of the fast-food giant’s stock valued at $796,000 after buying an additional 36 shares in the last quarter. Dover Advisors LLC boosted its stake in shares of McDonald’s by 9.0% in the first quarter. Dover Advisors LLC now owns 3,759 shares of the fast-food giant’s stock worth $1,174,000 after buying an additional 309 shares during the last quarter. CRA Financial Services LLC boosted its stake in shares of McDonald’s by 10.2% in the first quarter. CRA Financial Services LLC now owns 3,953 shares of the fast-food giant’s stock worth $1,235,000 after buying an additional 366 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of McDonald’s in the first quarter worth about $103,000. Finally, IAG Wealth Partners LLC raised its holdings in McDonald’s by 38.0% in the 1st quarter. IAG Wealth Partners LLC now owns 545 shares of the fast-food giant’s stock worth $170,000 after purchasing an additional 150 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of analyst reports. Argus cut McDonald’s from a “buy” rating to a “hold” rating in a report on Friday. Citigroup boosted their price objective on McDonald’s from $353.00 to $364.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. KeyCorp boosted their price objective on McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, March 27th. Robert W. Baird lifted their target price on McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Finally, Redburn Atlantic reiterated a “sell” rating and issued a $260.00 price objective (down previously from $319.00) on shares of McDonald’s in a report on Tuesday, June 10th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $321.79.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now directly owns 11,161 shares of the company’s stock, valued at $3,516,496.27. This represents a 7.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is owned by company insiders.

McDonald’s Stock Performance

NYSE:MCD opened at $301.57 on Friday. The stock has a 50-day simple moving average of $311.95 and a 200-day simple moving average of $302.97. The stock has a market cap of $215.63 billion, a P/E ratio of 26.48, a P/E/G ratio of 3.10 and a beta of 0.56. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32.

McDonald’s (NYSE:MCD) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.67. The firm had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.17 billion. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The business’s revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.70 EPS. On average, equities research analysts predict that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald’s’s dividend payout ratio is presently 62.49%.

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.