Tradewinds LLC. Has $1.37 Million Stock Position in McDonald’s Corporation (NYSE:MCD)

Tradewinds LLC. reduced its stake in shares of McDonald’s Corporation (NYSE:MCD) by 1.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,387 shares of the fast-food giant’s stock after selling 79 shares during the quarter. Tradewinds LLC.’s holdings in McDonald’s were worth $1,370,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Granite Bay Wealth Management LLC raised its position in McDonald’s by 3.5% in the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant’s stock valued at $309,000 after purchasing an additional 33 shares during the last quarter. CVA Family Office LLC raised its position in shares of McDonald’s by 1.9% during the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant’s stock worth $560,000 after acquiring an additional 33 shares during the last quarter. Consilium Wealth Advisory LLC raised its position in shares of McDonald’s by 2.5% during the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant’s stock worth $417,000 after acquiring an additional 33 shares during the last quarter. Northeast Financial Consultants Inc raised its position in shares of McDonald’s by 0.5% during the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant’s stock worth $2,170,000 after acquiring an additional 34 shares during the last quarter. Finally, Tealwood Asset Management Inc. raised its position in shares of McDonald’s by 0.4% during the first quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant’s stock worth $2,535,000 after acquiring an additional 34 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $293.80 on Friday. McDonald’s Corporation has a 52 week low of $243.53 and a 52 week high of $326.32. The stock has a 50 day moving average price of $306.11 and a two-hundred day moving average price of $302.44. The stock has a market capitalization of $210.08 billion, a PE ratio of 25.93, a price-to-earnings-growth ratio of 3.07 and a beta of 0.53.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (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 business had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the prior year, the company posted $2.70 earnings per share. McDonald’s’s revenue was down 3.5% compared to the same quarter last year. Research analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $1.77 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.41%. McDonald’s’s dividend payout ratio (DPR) is presently 62.49%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MCD. Erste Group Bank downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 24th. Piper Sandler raised their price objective on McDonald’s from $292.00 to $314.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. KeyCorp lowered their price objective on McDonald’s from $340.00 to $325.00 and set an “overweight” rating for the company in a research report on Monday, June 30th. Morgan Stanley restated an “equal weight” rating and set a $324.00 price objective (down from $329.00) on shares of McDonald’s in a research report on Monday, June 9th. Finally, Northcoast Research downgraded McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 6th. One research 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, McDonald’s currently has an average rating of “Hold” and a consensus target price of $321.17.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total value of $270,920.28. Following the completion of the transaction, the insider owned 10,222 shares in the company, valued at $2,949,251.44. This represents a 8.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 2,817 shares of company stock valued at $865,843. 0.25% of the stock is owned by corporate insiders.

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.