Revisor Wealth Management LLC Sells 502 Shares of McDonald’s Co. (NYSE:MCD)

Revisor Wealth Management LLC decreased its holdings in McDonald’s Co. (NYSE:MCD) by 37.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 822 shares of the fast-food giant’s stock after selling 502 shares during the period. Revisor Wealth Management LLC’s holdings in McDonald’s were worth $240,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MCD. Vanguard Group Inc. boosted its stake in McDonald’s by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant’s stock valued at $20,341,391,000 after buying an additional 526,466 shares during the last quarter. Geode Capital Management LLC boosted its stake in McDonald’s by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant’s stock valued at $4,652,768,000 after buying an additional 157,458 shares during the last quarter. Capital Research Global Investors boosted its stake in McDonald’s by 5.2% during the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant’s stock valued at $3,088,037,000 after buying an additional 531,070 shares during the last quarter. Norges Bank bought a new position in McDonald’s during the fourth quarter valued at approximately $2,725,190,000. Finally, Northern Trust Corp boosted its stake in McDonald’s by 11.2% during the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant’s stock valued at $2,570,511,000 after buying an additional 895,896 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 0.1%

Shares of NYSE:MCD opened at $314.65 on Friday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The stock has a market cap of $224.99 billion, a P/E ratio of 27.63, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. The business’s 50 day moving average is $311.68 and its 200 day moving average is $301.44.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The company had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.17 billion. During the same quarter in the prior year, the firm earned $2.70 earnings per share. McDonald’s’s revenue was down 3.5% compared to the same quarter last year. On average, sell-side analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $1.77 dividend. The ex-dividend date is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.25%. McDonald’s’s dividend payout ratio is presently 62.49%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. KeyCorp increased their price target on McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. Northcoast Research downgraded McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 6th. Bank of America upped their price objective on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Citigroup upped their price objective on McDonald’s from $353.00 to $364.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Finally, Piper Sandler upped their price objective on McDonald’s from $292.00 to $314.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Eleven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $325.91.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $305.00, for a total value of $286,395.00. Following the transaction, the insider now directly owns 13,978 shares in the company, valued at approximately $4,263,290. This trade represents a 6.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the transaction, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. This represents a 15.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,276 shares of company stock worth $4,419,385. 0.25% of the stock is currently owned by company insiders.

McDonald’s 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.