McDonald’s Corporation $MCD Shares Sold by Intelligent Financial Strategies

Intelligent Financial Strategies decreased its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 53.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,478 shares of the fast-food giant’s stock after selling 1,702 shares during the period. McDonald’s comprises approximately 0.2% of Intelligent Financial Strategies’ portfolio, making the stock its 28th biggest holding. Intelligent Financial Strategies’ holdings in McDonald’s were worth $449,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Redhawk Wealth Advisors Inc. grew its position in McDonald’s by 1.4% in the third quarter. Redhawk Wealth Advisors Inc. now owns 2,423 shares of the fast-food giant’s stock worth $736,000 after buying an additional 34 shares during the last quarter. Symmetry Partners LLC boosted its stake in shares of McDonald’s by 2.0% during the 3rd quarter. Symmetry Partners LLC now owns 1,771 shares of the fast-food giant’s stock worth $538,000 after acquiring an additional 34 shares in the last quarter. Alaethes Wealth LLC grew its holdings in shares of McDonald’s by 3.0% in the 1st quarter. Alaethes Wealth LLC now owns 1,219 shares of the fast-food giant’s stock worth $381,000 after acquiring an additional 35 shares during the last quarter. Sheets Smith Wealth Management grew its holdings in shares of McDonald’s by 1.0% in the 2nd quarter. Sheets Smith Wealth Management now owns 3,604 shares of the fast-food giant’s stock worth $1,053,000 after acquiring an additional 35 shares during the last quarter. Finally, Sunbeam Capital Management LLC raised its position in shares of McDonald’s by 3.2% during the second quarter. Sunbeam Capital Management LLC now owns 1,112 shares of the fast-food giant’s stock worth $325,000 after purchasing an additional 35 shares during the period. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Price Performance

Shares of MCD opened at $303.26 on Friday. The business’s 50-day moving average is $307.87 and its 200-day moving average is $304.26. The company has a market capitalization of $215.97 billion, a price-to-earnings ratio of 25.88, a P/E/G ratio of 3.10 and a beta of 0.53. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32.

McDonald’s (NYSE:MCD) last announced 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). McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. The company had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same period in the previous year, the firm posted $3.23 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities research analysts expect that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend was Monday, December 1st. McDonald’s’s dividend payout ratio (DPR) is currently 63.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MCD shares. KeyCorp reiterated an “overweight” rating and issued a $335.00 price target on shares of McDonald’s in a research report on Monday, October 20th. BMO Capital Markets reiterated an “outperform” rating on shares of McDonald’s in a report on Thursday, November 6th. Morgan Stanley set a $335.00 target price on shares of McDonald’s in a research report on Friday, October 17th. Truist Financial reduced their price target on shares of McDonald’s from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. Finally, Royal Bank Of Canada initiated coverage on shares of McDonald’s in a research note on Wednesday, October 8th. They issued 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, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $324.57.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 3,195 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $305.82, for a total transaction of $977,094.90. Following the completion of the sale, the insider directly owned 6,088 shares of the company’s stock, valued at $1,861,832.16. This trade represents a 34.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Manuel Jm Steijaert sold 6,567 shares of McDonald’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $305.50, for a total value of $2,006,218.50. Following the sale, the executive vice president owned 4,606 shares of the company’s stock, valued at approximately $1,407,133. This represents a 58.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 42,516 shares of company stock valued at $13,036,090 in the last three months. 0.25% of the stock is currently owned by insiders.

McDonald’s Company Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.