McDonald’s Corporation $MCD Stock Holdings Trimmed by Financial Security Advisor Inc.

Financial Security Advisor Inc. reduced its position in McDonald’s Corporation (NYSE:MCD) by 0.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,200 shares of the fast-food giant’s stock after selling 77 shares during the quarter. McDonald’s makes up about 1.0% of Financial Security Advisor Inc.’s investment portfolio, making the stock its 22nd biggest holding. Financial Security Advisor Inc.’s holdings in McDonald’s were worth $4,149,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MCD. HFM Investment Advisors LLC acquired a new position in McDonald’s in the first quarter valued at approximately $26,000. Nova Wealth Management Inc. acquired a new position in McDonald’s in the first quarter valued at approximately $26,000. GFG Capital LLC acquired a new position in McDonald’s in the second quarter valued at approximately $29,000. Abound Financial LLC acquired a new position in McDonald’s in the first quarter valued at approximately $30,000. Finally, Redmont Wealth Advisors LLC acquired a new position in McDonald’s in the first quarter valued at approximately $31,000. 70.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MCD. Truist Financial lifted their target price on McDonald’s from $356.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Citigroup lifted their target price on McDonald’s from $373.00 to $381.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. Argus downgraded McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Morgan Stanley boosted their price objective on McDonald’s from $324.00 to $326.00 and gave the stock an “equal weight” rating in a research report on Monday, July 14th. Finally, Royal Bank Of Canada started coverage on McDonald’s in a research report on Wednesday. They set a “sector perform” rating and a $320.00 price objective for the company. 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $324.73.

Insider Buying and Selling

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,487 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the transaction, the executive vice president owned 8,754 shares of the company’s stock, valued at approximately $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the transaction, the executive vice president directly owned 99 shares in the company, valued at $30,690. This represents a 90.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,402 shares of company stock worth $1,973,407 over the last three months. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $293.76 on Friday. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The stock has a market cap of $209.63 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 3.00 and a beta of 0.50. The stock’s 50 day moving average price is $306.43 and its 200 day moving average price is $305.86.

McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping the consensus estimate of $3.15 by $0.04. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the previous year, the company earned $2.97 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts expect that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $1.77 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.4%. McDonald’s’s dividend payout ratio is currently 60.67%.

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.