Oak Wealth Advisors LLC Has $912,000 Holdings in McDonald’s Corporation (NYSE:MCD)

Oak Wealth Advisors LLC lessened its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 6.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,919 shares of the fast-food giant’s stock after selling 215 shares during the period. McDonald’s comprises 0.7% of Oak Wealth Advisors LLC’s holdings, making the stock its 20th largest holding. Oak Wealth Advisors LLC’s holdings in McDonald’s were worth $912,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MCD. Vanguard Group Inc. boosted its stake in shares of McDonald’s by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant’s stock valued at $20,341,391,000 after purchasing an additional 526,466 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of McDonald’s by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant’s stock worth $4,652,768,000 after buying an additional 157,458 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of McDonald’s by 5.2% during the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant’s stock worth $3,088,037,000 after buying an additional 531,070 shares in the last quarter. Norges Bank bought a new stake in McDonald’s during the 4th quarter worth $2,725,190,000. Finally, Northern Trust Corp grew its position in McDonald’s by 11.2% during the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant’s stock worth $2,570,511,000 after acquiring an additional 895,896 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the sale, the insider now directly owns 11,161 shares of the company’s stock, valued at $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 2,817 shares of company stock valued at $865,843 over the last three months. Insiders own 0.25% of the company’s stock.

McDonald’s Trading Down 2.0%

Shares of MCD opened at $285.78 on Thursday. The stock has a 50-day moving average price of $309.13 and a 200-day moving average price of $302.60. The company has a market cap of $204.34 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 3.04 and a beta of 0.56. McDonald’s Corporation has a 12-month low of $243.53 and a 12-month high of $326.32.

McDonald’s (NYSE:MCD) last issued 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. The firm had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. McDonald’s had a negative return on equity of 195.27% and a net margin of 31.75%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.70 earnings per share. As a group, analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald’s’s payout ratio is presently 62.49%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays lifted their price target on McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. TD Securities reissued a “hold” rating and issued a $305.00 price objective on shares of McDonald’s in a research note on Thursday, June 5th. Morgan Stanley restated an “equal weight” rating and issued a $324.00 price objective (down from $329.00) on shares of McDonald’s in a report on Monday, June 9th. Loop Capital lowered McDonald’s from a “buy” rating to a “hold” rating and lowered their target price for the stock from $346.00 to $315.00 in a research report on Friday, June 6th. Finally, Truist Financial set a $350.00 target price on McDonald’s in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $321.79.

About McDonald’s

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.