Fi3 FINANCIAL ADVISORS LLC Sells 184 Shares of McDonald’s Co. (NYSE:MCD)

Fi3 FINANCIAL ADVISORS LLC lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 19.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 758 shares of the fast-food giant’s stock after selling 184 shares during the quarter. Fi3 FINANCIAL ADVISORS LLC’s holdings in McDonald’s were worth $225,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Signature Resources Capital Management LLC acquired a new position in shares of McDonald’s in the fourth quarter valued at $31,000. Blue Bell Private Wealth Management LLC increased its stake in shares of McDonald’s by 51.9% during the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after purchasing an additional 42 shares during the period. Spartan Planning & Wealth Management acquired a new stake in McDonald’s during the 3rd quarter worth approximately $33,000. Keener Financial Planning LLC bought a new stake in McDonald’s in the 4th quarter valued at $39,000. Finally, Bear Mountain Capital Inc. acquired a new position in McDonald’s in the 4th quarter valued at $43,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Down 1.1 %

Shares of NYSE MCD traded down $2.96 during trading on Friday, reaching $270.32. The company had a trading volume of 2,642,344 shares, compared to its average volume of 3,812,742. The stock has a market cap of $194.90 billion, a P/E ratio of 22.95, a PEG ratio of 2.95 and a beta of 0.71. The company’s fifty day moving average price is $279.53 and its 200-day moving average price is $282.35. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39.

McDonald’s (NYSE:MCD) last announced 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). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.54%. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter in the previous year, the company earned $2.63 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. As a group, equities analysts predict that McDonald’s Co. will post 12.18 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio is 56.71%.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm’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 transaction of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the sale, the insider now directly 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. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MCD has been the topic of several research reports. Morgan Stanley decreased their price target on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Truist Financial dropped their price target on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating for the company in a research report on Thursday. StockNews.com lowered McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Royal Bank of Canada reduced their price target on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th. Finally, Argus restated a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Nine research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $317.74.

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.