FSA Advisors Inc. Has $331,000 Stock Holdings in McDonald’s Co. (NYSE:MCD)

FSA Advisors Inc. raised its holdings in McDonald’s Co. (NYSE:MCD) by 50.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,241 shares of the fast-food giant’s stock after acquiring an additional 418 shares during the quarter. FSA Advisors Inc.’s holdings in McDonald’s were worth $331,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Dixon Mitchell Investment Counsel Inc. acquired a new stake in McDonald’s during the 1st quarter valued at approximately $28,000. Clear Investment Research LLC acquired a new stake in shares of McDonald’s during the fourth quarter worth $38,000. Kings Path Partners LLC bought a new position in McDonald’s during the second quarter worth $38,000. Atlantic Edge Private Wealth Management LLC acquired a new position in McDonald’s in the fourth quarter valued at $39,000. Finally, Accent Capital Management LLC bought a new stake in McDonald’s during the fourth quarter valued at $44,000. Institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $260.00, for a total transaction of $285,480.00. Following the transaction, the insider now directly owns 14,780 shares in the company, valued at approximately $3,842,800. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at $387,285.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $260.00, for a total transaction of $285,480.00. Following the sale, the insider now owns 14,780 shares of the company’s stock, valued at $3,842,800. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,793 shares of company stock worth $1,260,106. Company insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

Shares of MCD opened at $288.66 on Monday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $302.39. The stock has a 50 day simple moving average of $265.62 and a two-hundred day simple moving average of $270.76. The firm has a market cap of $207.07 billion, a P/E ratio of 24.50, a P/E/G ratio of 3.86 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The business had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. McDonald’s’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the company posted $3.17 EPS. On average, equities analysts anticipate that McDonald’s Co. will post 11.67 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a $1.67 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.31%. McDonald’s’s dividend payout ratio is currently 56.71%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MCD. Loop Capital dropped their price objective on McDonald’s from $357.00 to $342.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Truist Financial dropped their price target on McDonald’s from $300.00 to $295.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Barclays lowered their price objective on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Finally, Citigroup decreased their price target on shares of McDonald’s from $280.00 to $275.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Eleven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $303.71.

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.