Hantz Financial Services Inc. Lowers Stock Position in McDonald’s Co. (NYSE:MCD)

Hantz Financial Services Inc. cut its holdings in McDonald’s Co. (NYSE:MCD) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,080 shares of the fast-food giant’s stock after selling 988 shares during the quarter. Hantz Financial Services Inc.’s holdings in McDonald’s were worth $6,981,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MCD. Strategic Investment Solutions Inc. IL bought a new position in McDonald’s during the 2nd quarter valued at approximately $1,011,000. Brown Financial Advisors purchased a new position in shares of McDonald’s in the 2nd quarter worth about $1,612,000. Creekside Partners bought a new position in McDonald’s in the 2nd quarter worth about $658,000. Sanctuary Advisors LLC purchased a new stake in McDonald’s during the 2nd quarter valued at about $52,675,000. Finally, Lazari Capital Management Inc. increased its stake in McDonald’s by 20.7% during the 2nd quarter. Lazari Capital Management Inc. now owns 1,928 shares of the fast-food giant’s stock valued at $491,000 after purchasing an additional 330 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on MCD. Evercore ISI increased their price target on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Truist Financial cut their target price on McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Morgan Stanley decreased their price target on McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Argus raised McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Finally, KeyCorp decreased their target price on McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $320.87.

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction that occurred 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 sale, the insider now owns 7,887 shares in the company, 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. In the last quarter, insiders sold 8,905 shares of company stock valued at $2,592,327. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Down 0.3 %

MCD stock opened at $290.41 on Thursday. The business’s 50-day moving average price is $291.12 and its 200-day moving average price is $289.23. The stock has a market cap of $208.11 billion, a P/E ratio of 25.50, a PEG ratio of 3.66 and a beta of 0.73. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The business had revenue of $6.87 billion during the quarter, compared to analyst estimates 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 revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.19 earnings per share. On average, equities research analysts expect that McDonald’s Co. will post 11.72 earnings per share for the current fiscal year.

McDonald’s Company 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.