Eagle Wealth Strategies LLC Sells 171 Shares of McDonald’s Co. (NYSE:MCD)

Eagle Wealth Strategies LLC reduced its stake in McDonald’s Co. (NYSE:MCD) by 11.6% during the 1st quarter, HoldingsChannel reports. The firm owned 1,298 shares of the fast-food giant’s stock after selling 171 shares during the quarter. Eagle Wealth Strategies LLC’s holdings in McDonald’s were worth $405,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Mascagni Wealth Management Inc. bought a new stake in shares of McDonald’s in the 4th quarter valued at approximately $25,000. Atala Financial Inc bought a new stake in McDonald’s during the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in McDonald’s during the 4th quarter worth approximately $27,000. Collier Financial bought a new stake in McDonald’s during the 4th quarter worth approximately $29,000. Finally, Pinney & Scofield Inc. bought a new stake in McDonald’s during the 4th quarter worth approximately $29,000. 70.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MCD. KeyCorp increased their price target on McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, March 27th. Morgan Stanley decreased their price target on McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a research report on Monday, March 17th. Wedbush increased their price target on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Truist Financial set a $350.00 price target on McDonald’s in a research report on Friday, May 2nd. Finally, Barclays upped their price objective on McDonald’s from $347.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Thirteen equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $324.96.

McDonald’s Stock Down 0.5%

MCD stock opened at $307.44 on Friday. The business’s fifty day moving average is $312.29 and its 200-day moving average is $302.66. The company has a market cap of $219.83 billion, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.67. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.70 EPS. Research analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald’s’s payout ratio is presently 62.49%.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total transaction of $299,071.50. Following the sale, the insider now owns 12,100 shares of the company’s stock, valued at $3,853,850. This trade represents a 7.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.