Aspiriant LLC Has $542,000 Holdings in McDonald’s Corporation $MCD

Aspiriant LLC trimmed its stake in McDonald’s Corporation (NYSE:MCD) by 3.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,856 shares of the fast-food giant’s stock after selling 73 shares during the period. Aspiriant LLC’s holdings in McDonald’s were worth $542,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Brighton Jones LLC raised its holdings in McDonald’s by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after acquiring an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of McDonald’s by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after purchasing an additional 52 shares during the period. Quotient Wealth Partners LLC increased its position in shares of McDonald’s by 10.9% during the first quarter. Quotient Wealth Partners LLC now owns 2,616 shares of the fast-food giant’s stock valued at $817,000 after purchasing an additional 258 shares during the period. SSA Swiss Advisors AG acquired a new position in shares of McDonald’s in the first quarter valued at $175,000. Finally, GAMMA Investing LLC lifted its position in McDonald’s by 25.3% in the first quarter. GAMMA Investing LLC now owns 11,198 shares of the fast-food giant’s stock worth $3,498,000 after purchasing an additional 2,261 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Up 0.9%

Shares of McDonald’s stock opened at $308.02 on Friday. The stock has a market capitalization of $219.80 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 3.25 and a beta of 0.50. The firm’s 50-day moving average price is $306.29 and its two-hundred day moving average price is $305.50. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32.

McDonald’s (NYSE:MCD) last posted its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.04. The company had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. McDonald’s’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.97 earnings per share. As a group, equities research analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $1.77 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. McDonald’s’s dividend payout ratio (DPR) is 60.67%.

Insiders Place Their Bets

In related news, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the transaction, the executive vice president owned 99 shares in the company, valued at $30,690. This represents a 90.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the sale, the insider directly owned 9,283 shares in the company, valued at approximately $2,780,165.67. This represents a 9.19% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,402 shares of company stock valued at $1,973,407. 0.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MCD has been the topic of several analyst reports. Guggenheim lowered their price target on shares of McDonald’s from $310.00 to $295.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Truist Financial decreased their target price on shares of McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. KeyCorp reissued an “overweight” rating and issued a $335.00 price target (up previously from $325.00) on shares of McDonald’s in a research report on Thursday, August 7th. Morgan Stanley set a $335.00 price objective on McDonald’s in a report on Friday. Finally, TD Cowen upped their price objective on McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research note on Wednesday, August 6th. Eleven research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, McDonald’s currently has a consensus rating of “Hold” and a consensus price target of $324.68.

About McDonald’s

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.