Strategic Investment Advisors MI Has $567,000 Holdings in McDonald’s Co. (NYSE:MCD)

Strategic Investment Advisors MI trimmed its position in shares of McDonald’s Co. (NYSE:MCD) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,957 shares of the fast-food giant’s stock after selling 44 shares during the period. Strategic Investment Advisors MI’s holdings in McDonald’s were worth $567,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MCD. Ascent Group LLC raised its holdings in shares of McDonald’s by 4.0% during the 2nd quarter. Ascent Group LLC now owns 22,901 shares of the fast-food giant’s stock worth $5,836,000 after buying an additional 881 shares in the last quarter. Aviso Wealth Management grew its position in McDonald’s by 5.8% in the second quarter. Aviso Wealth Management now owns 877 shares of the fast-food giant’s stock valued at $223,000 after acquiring an additional 48 shares during the last quarter. Magnolia Capital Advisors LLC acquired a new position in McDonald’s during the second quarter worth about $3,663,000. Silver Lake Advisory LLC lifted its holdings in shares of McDonald’s by 5.8% in the second quarter. Silver Lake Advisory LLC now owns 11,616 shares of the fast-food giant’s stock worth $2,960,000 after acquiring an additional 637 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of McDonald’s by 1.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 129,073 shares of the fast-food giant’s stock worth $32,894,000 after acquiring an additional 2,328 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Transactions at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,905 shares of company stock valued at $2,592,327 in the last quarter. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Up 0.3 %

Shares of MCD stock opened at $285.37 on Monday. The company has a market cap of $204.50 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The firm has a 50 day moving average of $291.07 and a 200-day moving average of $288.43.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.18 by $0.05. The company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $3.19 EPS. Analysts anticipate that McDonald’s Co. will post 11.72 earnings per share for the current year.

Analysts Set New Price Targets

MCD has been the subject of a number of research reports. Truist Financial dropped their target price on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Robert W. Baird cut shares of McDonald’s from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. Loop Capital reissued a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, KeyCorp dropped their target price on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a report on Friday. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average target price of $320.78.

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.