Kingswood Wealth Advisors LLC Sells 1,028 Shares of McDonald’s Co. (NYSE:MCD)

Kingswood Wealth Advisors LLC trimmed its position in shares of McDonald’s Co. (NYSE:MCD) by 16.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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.

Other large investors also recently modified their holdings of the company. Roffman Miller Associates Inc. PA lifted its position in shares of McDonald’s by 1.7% during the 4th quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock worth $46,179,000 after buying an additional 2,546 shares in the last quarter. Aigen Investment Management LP bought a new position in McDonald’s during the fourth quarter valued at about $4,286,000. Strait & Sound Wealth Management LLC purchased a new stake in McDonald’s during the fourth quarter worth about $211,000. Main Street Research LLC raised its position in McDonald’s by 1.0% in the fourth quarter. Main Street Research LLC now owns 20,975 shares of the fast-food giant’s stock worth $6,219,000 after acquiring an additional 199 shares during the period. Finally, Choreo LLC boosted its stake in McDonald’s by 22.0% in the fourth quarter. Choreo LLC now owns 23,244 shares of the fast-food giant’s stock valued at $6,892,000 after acquiring an additional 4,190 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Down 0.3 %

Shares of McDonald’s stock traded down $0.69 during trading on Wednesday, reaching $269.37. 3,511,079 shares of the stock were exchanged, 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 market cap of $194.13 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 3.58 and a beta of 0.71. The stock’s fifty day moving average is $256.45 and its 200 day moving average is $272.25.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, July 29th. The fast-food giant reported $2.97 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 company had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. During the same period in the prior year, the business posted $3.17 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. Equities analysts forecast that McDonald’s Co. will post 11.71 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be paid a $1.67 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.48%. McDonald’s’s payout ratio is 56.71%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Loop Capital decreased their target price on McDonald’s from $357.00 to $342.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Citigroup lowered their price objective on McDonald’s from $280.00 to $275.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Jefferies Financial Group reduced 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. Truist Financial cut their price objective on shares of McDonald’s from $300.00 to $295.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Finally, KeyCorp lowered their target price on shares of McDonald’s from $310.00 to $305.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. Eleven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $303.00.

Insider Buying and Selling

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $387,285.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at $387,285.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders have sold 5,594 shares of company stock valued at $1,454,507 over the last quarter. Corporate insiders own 0.23% of the company’s stock.

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.