Kiley Juergens Wealth Management LLC Sells 98 Shares of McDonald’s Co. (NYSE:MCD)

Kiley Juergens Wealth Management LLC lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 0.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,645 shares of the fast-food giant’s stock after selling 98 shares during the quarter. McDonald’s accounts for approximately 0.9% of Kiley Juergens Wealth Management LLC’s portfolio, making the stock its 27th largest position. Kiley Juergens Wealth Management LLC’s holdings in McDonald’s were worth $3,001,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Dixon Mitchell Investment Counsel Inc. purchased a new stake in McDonald’s during the first quarter valued at about $28,000. Signature Resources Capital Management LLC purchased a new stake in McDonald’s during the fourth quarter valued at about $31,000. Spartan Planning & Wealth Management purchased a new stake in McDonald’s during the third quarter valued at about $33,000. Clear Investment Research LLC purchased a new stake in McDonald’s during the fourth quarter valued at about $38,000. Finally, Keener Financial Planning LLC purchased a new stake in shares of McDonald’s in the fourth quarter worth about $39,000. Institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the transaction, the executive vice president now directly owns 19 shares in the company, valued at approximately $5,225.38. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The disclosure for this sale can be found here. Insiders have sold a total of 4,095 shares of company stock worth $1,100,625 over the last quarter. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE MCD traded up $2.15 during mid-day trading on Wednesday, hitting $249.94. The stock had a trading volume of 326,695 shares, compared to its average volume of 3,413,247. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The business has a 50 day moving average price of $262.80 and a two-hundred day moving average price of $278.79. The firm has a market cap of $180.13 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 2.87 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). The firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.63 earnings per share. Equities research analysts predict that McDonald’s Co. will post 12.19 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.67%. The ex-dividend date was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 56.71%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MCD. TD Cowen reissued a “buy” rating and issued a $305.00 price target on shares of McDonald’s in a report on Thursday, June 13th. Robert W. Baird lowered their price target on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Erste Group Bank reissued a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. KeyCorp lowered their price target on shares of McDonald’s from $315.00 to $310.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Finally, The Goldman Sachs Group began coverage on shares of McDonald’s in a report on Thursday, June 13th. They issued a “neutral” rating and a $288.00 price target on the stock. Ten analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $313.89.

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.