Finer Wealth Management Inc. Purchases 367 Shares of McDonald’s Co. (NYSE:MCD)

Finer Wealth Management Inc. increased its position in shares of McDonald’s Co. (NYSE:MCD) by 4.3% during the 4th quarter, Holdings Channel reports. The firm owned 8,884 shares of the fast-food giant’s stock after acquiring an additional 367 shares during the period. McDonald’s comprises 1.5% of Finer Wealth Management Inc.’s investment portfolio, making the stock its 17th biggest position. Finer Wealth Management Inc.’s holdings in McDonald’s were worth $2,575,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Stenger Family Office LLC bought a new position in McDonald’s in the 4th quarter worth approximately $1,921,000. Evergreen Capital Management LLC boosted its position in shares of McDonald’s by 2.5% during the fourth quarter. Evergreen Capital Management LLC now owns 12,638 shares of the fast-food giant’s stock worth $3,664,000 after acquiring an additional 309 shares during the last quarter. Acorns Advisers LLC grew its stake in McDonald’s by 26.9% during the fourth quarter. Acorns Advisers LLC now owns 1,066 shares of the fast-food giant’s stock valued at $309,000 after acquiring an additional 226 shares in the last quarter. Finward Bancorp bought a new stake in McDonald’s in the 4th quarter valued at $1,368,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in McDonald’s in the 4th quarter worth $667,000. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

MCD has been the topic of several research reports. Erste Group Bank raised McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Robert W. Baird decreased their price objective on McDonald’s from $310.00 to $300.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Wedbush raised their target price on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Truist Financial decreased their price target on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Finally, BMO Capital Markets lifted their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $322.87.

McDonald’s Price Performance

MCD stock opened at $312.34 on Wednesday. The company has a market capitalization of $223.15 billion, a PE ratio of 27.42, a P/E/G ratio of 3.10 and a beta of 0.62. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The firm’s 50-day moving average is $307.01 and its 200 day moving average is $299.18.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. Sell-side analysts forecast that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

Insider Activity

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the transaction, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,497 shares of company stock worth $8,461,400. Company insiders own 0.23% of the company’s stock.

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.