AM Investment Strategies LLC Trims Stock Holdings in McDonald’s Co. (NYSE:MCD)

AM Investment Strategies LLC cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,761 shares of the fast-food giant’s stock after selling 305 shares during the quarter. McDonald’s comprises approximately 0.6% of AM Investment Strategies LLC’s portfolio, making the stock its 26th biggest holding. AM Investment Strategies LLC’s holdings in McDonald’s were worth $2,301,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC lifted its position in 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 buying an additional 42 shares during the period. Spartan Planning & Wealth Management purchased a new position in McDonald’s during the third quarter worth about $33,000. Keener Financial Planning LLC purchased a new position in McDonald’s during the fourth quarter worth about $39,000. Bear Mountain Capital Inc. purchased a new position in McDonald’s during the fourth quarter worth about $43,000. Finally, Mendota Financial Group LLC purchased a new position in McDonald’s during the fourth quarter worth about $50,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Stock Down 0.4 %

Shares of MCD traded down $1.15 during mid-day trading on Thursday, hitting $275.60. The stock had a trading volume of 4,175,333 shares, compared to its average volume of 3,266,706. The company has a market cap of $198.71 billion, a PE ratio of 23.82, a PEG ratio of 3.02 and a beta of 0.71. The company’s fifty day simple moving average is $282.06 and its two-hundred day simple moving average is $281.37. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.83 by $0.12. The company had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.59 EPS. Equities analysts expect that McDonald’s Co. will post 12.34 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is 57.74%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MCD shares. Barclays cut their price objective on McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a report on Tuesday, February 6th. Erste Group Bank restated a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Royal Bank of Canada cut their price objective on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. TD Cowen restated a “buy” rating and issued a $325.00 price objective on shares of McDonald’s in a report on Wednesday, April 10th. Finally, Truist Financial cut their price objective on McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $319.72.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following 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 document filed with the SEC, which is available at the SEC website. In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s 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 sale, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

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.