Avitas Wealth Management LLC Has $5.42 Million Holdings in McDonald’s Co. (NYSE:MCD)

Avitas Wealth Management LLC raised its position in shares of McDonald’s Co. (NYSE:MCD) by 0.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,263 shares of the fast-food giant’s stock after acquiring an additional 41 shares during the period. McDonald’s makes up approximately 0.8% of Avitas Wealth Management LLC’s investment portfolio, making the stock its 29th largest position. Avitas Wealth Management LLC’s holdings in McDonald’s were worth $5,419,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in MCD. Tennessee Valley Asset Management Partners acquired a new position in shares of McDonald’s in the fourth quarter valued at about $131,000. GUNN & Co INVESTMENT MANAGEMENT INC. grew its stake in shares of McDonald’s by 1,168.1% in the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 168,419 shares of the fast-food giant’s stock valued at $49,938,000 after acquiring an additional 155,138 shares in the last quarter. Significant Wealth Partners LLC acquired a new position in shares of McDonald’s in the fourth quarter valued at about $427,000. Marks Group Wealth Management Inc grew its stake in shares of McDonald’s by 10.0% in the fourth quarter. Marks Group Wealth Management Inc now owns 1,373 shares of the fast-food giant’s stock valued at $407,000 after acquiring an additional 125 shares in the last quarter. Finally, Masso Torrence Wealth Management Inc. acquired a new position in shares of McDonald’s in the fourth quarter valued at about $272,000. Institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the topic of several research reports. JPMorgan Chase & Co. decreased their price target on shares of McDonald’s from $290.00 to $270.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. Loop Capital decreased their price target on shares of McDonald’s from $357.00 to $342.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Morgan Stanley reduced their price objective on shares of McDonald’s from $312.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. Truist Financial reduced their price objective on shares of McDonald’s from $300.00 to $295.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Finally, Stifel Nicolaus reduced their price objective on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Eleven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $303.71.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the completion of the transaction, the insider now owns 12,583 shares in the company, valued at approximately $3,632,712.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the completion of the sale, the insider now owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,793 shares of company stock worth $1,260,106. 0.23% of the stock is currently owned by insiders.

McDonald’s Price Performance

NYSE MCD traded up $0.28 during trading hours on Friday, reaching $289.49. The company’s stock had a trading volume of 2,138,954 shares, compared to its average volume of 3,554,448. The firm has a fifty day simple moving average of $262.15 and a 200-day simple moving average of $271.00. The stock has a market cap of $208.63 billion, a P/E ratio of 24.57, a P/E/G ratio of 3.58 and a beta of 0.71. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $302.39.

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

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $1.67 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a yield of 2.31%. McDonald’s’s payout ratio 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.