Kingswood Wealth Advisors LLC Has $1.34 Million Position in McDonald’s Co. (NYSE:MCD)

Kingswood Wealth Advisors LLC reduced its stake in McDonald’s Co. (NYSE:MCD) by 16.3% during the second quarter, HoldingsChannel reports. The firm owned 5,273 shares of the fast-food giant’s stock after selling 1,028 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in McDonald’s were worth $1,344,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MCD. Concentric Wealth Management LLC grew its holdings in McDonald’s by 1.4% during the fourth quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock worth $756,000 after acquiring an additional 35 shares during the period. Mechanics Financial Corp grew its holdings in McDonald’s by 0.7% during the fourth quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock worth $1,581,000 after acquiring an additional 36 shares during the period. FinTrust Capital Advisors LLC grew its holdings in McDonald’s by 2.9% during the fourth quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant’s stock worth $376,000 after acquiring an additional 36 shares during the period. 9258 Wealth Management LLC grew its holdings in McDonald’s by 1.3% in the first quarter. 9258 Wealth Management LLC now owns 2,833 shares of the fast-food giant’s stock valued at $799,000 after purchasing an additional 37 shares during the period. Finally, Blue Bell Private Wealth Management LLC grew its holdings in McDonald’s by 30.9% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 161 shares of the fast-food giant’s stock valued at $48,000 after purchasing an additional 38 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. KeyCorp decreased their target price on McDonald’s from $310.00 to $305.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. Truist Financial decreased their target price on McDonald’s from $300.00 to $295.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. The Goldman Sachs Group initiated coverage on McDonald’s in a research report on Thursday, June 13th. They issued a “neutral” rating and a $288.00 target price on the stock. Finally, Robert W. Baird decreased their target price on McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Eleven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and a consensus target price of $303.00.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total value of $285,740.00. Following the transaction, the insider now owns 13,681 shares of the company’s stock, valued at $3,557,060. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the transaction, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total value of $285,740.00. Following the transaction, the insider now owns 13,681 shares in the company, valued at approximately $3,557,060. The disclosure for this sale can be found here. Insiders have sold a total of 5,594 shares of company stock worth $1,454,507 over the last 90 days. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 0.3 %

NYSE:MCD traded down $0.69 on Wednesday, hitting $269.37. 3,511,079 shares of the company’s stock traded hands, compared to its average volume of 3,604,851. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $302.39. The firm has a 50-day moving average price of $256.45 and a 200-day moving average price of $272.25. The company has a market cap of $194.13 billion, a PE ratio of 23.06, a price-to-earnings-growth ratio of 3.58 and a beta of 0.71.

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

McDonald’s Announces Dividend

The company also recently declared 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. This represents a $6.68 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Tuesday, September 3rd. McDonald’s’s dividend 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.