Aviso Financial Inc. Has $7.07 Million Stock Position in McDonald’s Corporation $MCD

Aviso Financial Inc. boosted its position in shares of McDonald’s Corporation (NYSE:MCD) by 2.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,213 shares of the fast-food giant’s stock after purchasing an additional 573 shares during the quarter. Aviso Financial Inc.’s holdings in McDonald’s were worth $7,074,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Brighton Jones LLC grew its position in shares of McDonald’s by 21.6% during the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after buying an additional 1,649 shares during the period. Revolve Wealth Partners LLC boosted its stake in McDonald’s by 2.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after acquiring an additional 52 shares during the last quarter. SSA Swiss Advisors AG acquired a new position in McDonald’s during the first quarter valued at approximately $175,000. LPL Financial LLC increased its stake in McDonald’s by 5.2% in the first quarter. LPL Financial LLC now owns 1,311,971 shares of the fast-food giant’s stock valued at $409,820,000 after purchasing an additional 64,593 shares in the last quarter. Finally, TCW Group Inc. raised its holdings in McDonald’s by 0.7% in the first quarter. TCW Group Inc. now owns 13,049 shares of the fast-food giant’s stock worth $4,076,000 after purchasing an additional 89 shares during the period. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MCD shares. Mizuho upgraded shares of McDonald’s to a “hold” rating in a research report on Tuesday, October 28th. Guggenheim increased their price target on McDonald’s from $295.00 to $310.00 and gave the stock a “neutral” rating in a report on Wednesday, November 19th. Morgan Stanley set a $335.00 price objective on McDonald’s in a report on Friday, October 17th. Piper Sandler reiterated a “neutral” rating and issued a $325.00 price objective on shares of McDonald’s in a research report on Wednesday, October 22nd. Finally, Citigroup dropped their target price on shares of McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, October 21st. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $324.57.

Insider Buying and Selling

In other news, CFO Ian Frederick Borden sold 17,134 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $310.00, for a total transaction of $5,311,540.00. Following the sale, the chief financial officer owned 26,353 shares in the company, valued at $8,169,430. This represents a 39.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 3,195 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $305.82, for a total value of $977,094.90. Following the completion of the sale, the insider directly owned 6,088 shares of the company’s stock, valued at approximately $1,861,832.16. The trade was a 34.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 34,463 shares of company stock worth $10,549,351 over the last 90 days. Company insiders own 0.25% of the company’s stock.

McDonald’s Trading Down 1.4%

McDonald’s stock opened at $304.99 on Tuesday. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The company has a fifty day simple moving average of $303.02 and a 200 day simple moving average of $304.11. The company has a market cap of $217.20 billion, a P/E ratio of 26.13, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The business had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.23 earnings per share. On average, equities research analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $1.86 dividend. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Monday, December 1st. McDonald’s’s dividend payout ratio is 63.48%.

McDonald’s 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.