Oak Wealth Advisors LLC Sells 215 Shares of McDonald’s Corporation (NYSE:MCD)

Oak Wealth Advisors LLC trimmed its stake in McDonald’s Corporation (NYSE:MCD) by 6.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,919 shares of the fast-food giant’s stock after selling 215 shares during the period. McDonald’s accounts for about 0.7% of Oak Wealth Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. Oak Wealth Advisors LLC’s holdings in McDonald’s were worth $912,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Aviva PLC increased its stake in shares of McDonald’s by 5.6% in the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant’s stock worth $125,350,000 after acquiring an additional 23,024 shares in the last quarter. Sagespring Wealth Partners LLC grew its holdings in McDonald’s by 22.9% in the first quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant’s stock worth $5,381,000 after purchasing an additional 3,212 shares during the period. Segment Wealth Management LLC increased its stake in shares of McDonald’s by 1.7% during the first quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant’s stock valued at $17,078,000 after purchasing an additional 937 shares in the last quarter. Great Waters Wealth Management purchased a new position in shares of McDonald’s during the first quarter valued at approximately $864,000. Finally, APG Asset Management N.V. boosted its position in shares of McDonald’s by 1,547.1% in the 4th quarter. APG Asset Management N.V. now owns 641,950 shares of the fast-food giant’s stock worth $179,715,000 after purchasing an additional 602,976 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total value of $295,850.73. Following the sale, the insider now owns 11,161 shares in the company, valued at approximately $3,516,496.27. The trade was a 7.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 2,817 shares of company stock valued at $865,843 over the last quarter. 0.25% of the stock is currently owned by company insiders.

McDonald’s Trading Down 2.0%

Shares of MCD stock opened at $285.78 on Thursday. The company has a 50 day simple moving average of $309.13 and a two-hundred day simple moving average of $302.60. The stock has a market cap of $204.34 billion, a P/E ratio of 25.22, a P/E/G ratio of 3.04 and a beta of 0.56. McDonald’s Corporation has a 12 month low of $243.53 and a 12 month high of $326.32.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting the consensus estimate of $2.67. McDonald’s had a negative return on equity of 195.27% and a net margin of 31.75%. The firm had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same period in the prior year, the business posted $2.70 EPS. McDonald’s’s revenue was down 3.5% on a year-over-year basis. As a group, equities analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald’s’s payout ratio is 62.49%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MCD. BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a research report on Tuesday, April 22nd. Barclays raised their price target on McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Robert W. Baird upped their price target on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Argus lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Finally, Citigroup upped their target price on shares of McDonald’s from $353.00 to $364.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $321.79.

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.