Aviso Wealth Management Has $318,000 Stock Holdings in McDonald’s Co. (NYSE:MCD)

Aviso Wealth Management lifted its holdings in McDonald’s Co. (NYSE:MCD) by 19.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,044 shares of the fast-food giant’s stock after buying an additional 167 shares during the period. Aviso Wealth Management’s holdings in McDonald’s were worth $318,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MCD. Quent Capital LLC boosted its position in shares of McDonald’s by 10.4% in the first quarter. Quent Capital LLC now owns 3,006 shares of the fast-food giant’s stock worth $848,000 after buying an additional 282 shares during the period. Hillsdale Investment Management Inc. boosted its position in McDonald’s by 9.3% during the first quarter. Hillsdale Investment Management Inc. now owns 1,653 shares of the fast-food giant’s stock valued at $466,000 after purchasing an additional 140 shares during the last quarter. Delta Asset Management LLC TN boosted its position in McDonald’s by 2.5% during the first quarter. Delta Asset Management LLC TN now owns 7,897 shares of the fast-food giant’s stock valued at $2,226,000 after purchasing an additional 192 shares during the last quarter. PYA Waltman Capital LLC boosted its position in McDonald’s by 1.6% during the first quarter. PYA Waltman Capital LLC now owns 3,732 shares of the fast-food giant’s stock valued at $1,052,000 after purchasing an additional 58 shares during the last quarter. Finally, Capitolis Liquid Global Markets LLC acquired a new stake in McDonald’s during the first quarter valued at $33,045,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Down 2.0 %

Shares of MCD opened at $292.63 on Monday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The firm has a market capitalization of $209.70 billion, a price-to-earnings ratio of 25.69, a P/E/G ratio of 3.89 and a beta of 0.74. The stock’s 50-day moving average price is $300.06 and its 200 day moving average price is $277.48.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.19 earnings per share. Equities research analysts expect that McDonald’s Co. will post 11.77 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $1.77 dividend. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s payout ratio is presently 58.65%.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’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 value of $316,992.60. Following the completion of the transaction, the insider now owns 12,583 shares in the company, valued at $3,632,712.10. The trade was a 8.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total transaction of $428,967.28. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $446,721.60. This trade represents a 48.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,596 shares of company stock valued at $10,698,289 in the last three months. 0.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of research reports. Bank of America lifted their price objective on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Stifel Nicolaus cut their target price on McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Wedbush restated an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a report on Wednesday, October 23rd. UBS Group raised their target price on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, KeyCorp raised their target price on McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Thirteen research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $319.46.

McDonald’s 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.