5 Stocks to Sell According to Billionaire James Dinan

In this article, we take a look at 5 stocks to sell according to billionaire James Dinan. If you want to see our detailed analysis of James Dinan’s history, investment philosophy, and hedge fund performance, go directly to 10 Stocks to Sell According to Billionaire James Dinan.

5. McDonald’s Corporation (NYSE:MCD)

Number of Hedge Fund Holders: 66

McDonald’s Corporation (NYSE:MCD) operates and franchises McDonald’s restaurants in the United States and internationally. The company was founded in 1940 and is based in Chicago, Illinois. Billionaire James Dinan let go of all his shares in the restaurant company as the third quarter of 2021 came to an end.

On November 9, 2021, Credit Suisse analyst Lauren Silberman raised her price target on McDonald’s Corporation (NYSE:MCD) to $281 from $271 and reiterated an Outperform rating on the shares.

For the third quarter of 2021, McDonald’s Corporation (NYSE:MCD) reported earnings per share of $2.76, beating expert estimates by $0.29. The infamous fast-food brand’s revenue also went up by 14.46% year-over-year and was valued at $6.20 billion, beating revenue estimates by $158.29 million.

By the end of the second quarter of 2021, 66 hedge funds out of the 873 tracked by Insider Monkey held stakes in McDonald’s Corporation (NYSE:MCD) worth more than $2.71 billion. This is compared to 67 hedge funds in the first quarter that had stakes of approximately $3.78 billion in the company.