Fiduciary Alliance LLC Sells 53 Shares of McDonald’s Co. (NYSE:MCD)

Fiduciary Alliance LLC decreased its position in shares of McDonald’s Co. (NYSE:MCD) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,549 shares of the fast-food giant’s stock after selling 53 shares during the quarter. Fiduciary Alliance LLC’s holdings in McDonald’s were worth $756,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Shulman DeMeo Asset Management LLC increased its holdings in McDonald’s by 12.2% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock worth $312,000 after buying an additional 114 shares in the last quarter. Beaumont Financial Advisors LLC raised its holdings in shares of McDonald’s by 0.6% during the third quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock valued at $21,191,000 after purchasing an additional 450 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services raised its holdings in shares of McDonald’s by 2.8% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock valued at $3,269,000 after purchasing an additional 301 shares during the last quarter. Mengis Capital Management Inc. lifted its position in McDonald’s by 7.9% during the third quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock valued at $1,191,000 after purchasing an additional 331 shares during the period. Finally, Garden State Investment Advisory Services LLC boosted its holdings in McDonald’s by 7.7% in the third quarter. Garden State Investment Advisory Services LLC now owns 1,227 shares of the fast-food giant’s stock worth $323,000 after purchasing an additional 88 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE MCD opened at $278.62 on Wednesday. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39. The business’s 50 day moving average is $291.07 and its two-hundred day moving average is $280.92. The stock has a market capitalization of $201.18 billion, a P/E ratio of 24.08, a PEG ratio of 3.01 and a beta of 0.72.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the previous year, the company posted $2.59 EPS. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities research analysts anticipate that McDonald’s Co. will post 12.38 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $1.67 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.40%. McDonald’s’s payout ratio is 57.74%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MCD. Royal Bank of Canada cut their price target on McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research note on Tuesday, February 6th. Bank of America upped their target price on shares of McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Piper Sandler lifted their target price on McDonald’s from $273.00 to $299.00 and gave the company a “neutral” rating in a research report on Monday, December 11th. Wedbush reaffirmed an “outperform” rating and issued a $330.00 price objective on shares of McDonald’s in a research note on Tuesday, February 6th. Finally, Citigroup cut their price objective on McDonald’s from $327.00 to $310.00 and set a “neutral” rating for the company in a research note on Tuesday, February 6th. Eight research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $320.10.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction 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 sale, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.18% of the stock is owned by corporate insiders.

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.