Aaron Wealth Advisors LLC Raises Stock Holdings in McDonald’s Corporation (NYSE:MCD)

Aaron Wealth Advisors LLC boosted its stake in shares of McDonald’s Corporation (NYSE:MCD) by 4.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,808 shares of the fast-food giant’s stock after purchasing an additional 237 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in McDonald’s were worth $1,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. bought a new position in shares of McDonald’s during the 4th quarter worth approximately $25,000. Atala Financial Inc purchased a new position in McDonald’s in the fourth quarter worth $26,000. Pinney & Scofield Inc. acquired a new position in shares of McDonald’s during the fourth quarter worth $29,000. Fairway Wealth LLC lifted its holdings in shares of McDonald’s by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after purchasing an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of McDonald’s in the 4th quarter worth $30,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MCD. Redburn Atlantic reaffirmed a “sell” rating and set a $260.00 target price (down from $319.00) on shares of McDonald’s in a research report on Tuesday, June 10th. Loop Capital lowered shares of McDonald’s from a “buy” rating to a “hold” rating and decreased their price objective for the company from $346.00 to $315.00 in a research report on Friday, June 6th. Truist Financial set a $350.00 target price on shares of McDonald’s in a research note on Friday, May 2nd. Argus cut shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, June 13th. Finally, Citigroup lifted their price objective 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 research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $321.17.

McDonald’s Trading Up 1.8%

Shares of MCD stock opened at $297.57 on Wednesday. McDonald’s Corporation has a twelve month low of $243.53 and a twelve month high of $326.32. The stock has a 50 day moving average of $307.49 and a 200 day moving average of $302.45. The stock has a market cap of $212.77 billion, a P/E ratio of 26.26, a P/E/G ratio of 3.05 and a beta of 0.53.

McDonald’s (NYSE:MCD) last posted its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting the consensus estimate of $2.67. McDonald’s had a net margin of 31.75% and a negative return on equity of 195.27%. 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 previous year, the firm earned $2.70 EPS. The business’s quarterly revenue was down 3.5% on a year-over-year basis. On average, research analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given 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 dividend yield of 2.38%. McDonald’s’s dividend payout ratio (DPR) is currently 62.49%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the sale, the insider directly owned 10,222 shares in the company, valued at $2,949,251.44. This trade represents a 8.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have sold 2,817 shares of company stock worth $865,843. Corporate insiders own 0.25% of the company’s stock.

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.