Aviso Wealth Management Buys 48 Shares of McDonald’s Co. (NYSE:MCD)

Aviso Wealth Management increased its position in McDonald’s Co. (NYSE:MCD) by 5.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 877 shares of the fast-food giant’s stock after purchasing an additional 48 shares during the quarter. Aviso Wealth Management’s holdings in McDonald’s were worth $223,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MCD. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of McDonald’s during the 1st quarter worth $28,000. Kings Path Partners LLC purchased a new stake in shares of McDonald’s during the second quarter valued at about $38,000. Accent Capital Management LLC bought a new stake in shares of McDonald’s in the 4th quarter valued at about $44,000. Transcendent Capital Group LLC purchased a new position in shares of McDonald’s in the 4th quarter worth approximately $45,000. Finally, Keener Financial Planning LLC raised its stake in shares of McDonald’s by 32.3% during the 1st quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock worth $50,000 after acquiring an additional 43 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm’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 transaction of $316,992.60. Following the completion of the sale, the insider now owns 12,583 shares of the company’s stock, valued at $3,632,712.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total transaction of $316,992.60. Following the transaction, the insider now owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total value of $285,740.00. Following the transaction, the insider now owns 13,681 shares in the company, valued at $3,557,060. The disclosure for this sale can be found here. Insiders sold a total of 33,249 shares of company stock worth $9,865,866 in the last 90 days. 0.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MCD. Robert W. Baird upped their price target on McDonald’s from $280.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday. Evercore ISI upped their target price on McDonald’s from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Jefferies Financial Group raised their price target on McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Truist Financial dropped their price target on McDonald’s from $300.00 to $295.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Finally, BMO Capital Markets decreased their price objective on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $308.22.

McDonald’s Price Performance

McDonald’s stock opened at $303.69 on Friday. The company has a market cap of $218.86 billion, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 3.99 and a beta of 0.72. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $306.96. The stock’s 50-day moving average is $281.71 and its 200-day moving average is $271.02.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.17 EPS. Research analysts anticipate that McDonald’s Co. will post 11.69 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.33%. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio is currently 56.71%.

About McDonald’s

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.