Aviance Capital Partners LLC Sells 642 Shares of McDonald’s Co. (NYSE:MCD)

Aviance Capital Partners LLC lowered its position in shares of McDonald’s Co. (NYSE:MCD) by 16.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,164 shares of the fast-food giant’s stock after selling 642 shares during the quarter. Aviance Capital Partners LLC’s holdings in McDonald’s were worth $938,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Signature Resources Capital Management LLC bought a new position in McDonald’s during the 4th quarter worth $31,000. Blue Bell Private Wealth Management LLC raised its stake in McDonald’s by 51.9% in the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after purchasing an additional 42 shares in the last quarter. Spartan Planning & Wealth Management bought a new stake in McDonald’s during the third quarter worth about $33,000. Keener Financial Planning LLC acquired a new stake in McDonald’s during the fourth quarter worth about $39,000. Finally, Bear Mountain Capital Inc. bought a new position in McDonald’s in the fourth quarter valued at approximately $43,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on MCD. Barclays lowered their price objective on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research report on Tuesday, February 6th. Argus restated a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Bank of America increased their target price on McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Stephens restated an “overweight” rating and set a $320.00 price target on shares of McDonald’s in a report on Monday, February 5th. Finally, BMO Capital Markets lowered their price objective on McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $317.74.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

McDonald’s Price Performance

Shares of NYSE MCD traded down $2.31 during mid-day trading on Tuesday, reaching $266.99. The company’s stock had a trading volume of 3,159,583 shares, compared to its average volume of 3,309,868. The stock has a fifty day moving average of $278.43 and a two-hundred day moving average of $282.90. The firm has a market capitalization of $192.50 billion, a PE ratio of 22.66, a P/E/G ratio of 3.01 and a beta of 0.71. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.54%. The company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same period last year, the business earned $2.63 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. Analysts anticipate that McDonald’s Co. will post 12.18 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.50%. McDonald’s’s payout ratio is 56.71%.

McDonald’s Profile

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.