Main Street Financial Solutions LLC Has $2.31 Million Holdings in McDonald’s Co. (NYSE:MCD)

Main Street Financial Solutions LLC trimmed its holdings in McDonald’s Co. (NYSE:MCD) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,955 shares of the fast-food giant’s stock after selling 295 shares during the period. Main Street Financial Solutions LLC’s holdings in McDonald’s were worth $2,306,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Finer Wealth Management Inc. lifted its holdings in shares of McDonald’s by 4.3% during the 4th quarter. Finer Wealth Management Inc. now owns 8,884 shares of the fast-food giant’s stock worth $2,575,000 after acquiring an additional 367 shares during the period. Stenger Family Office LLC bought a new stake in McDonald’s during the fourth quarter worth $1,921,000. Evergreen Capital Management LLC lifted its stake in 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 purchasing an additional 309 shares during the last quarter. Acorns Advisers LLC boosted its holdings in shares of McDonald’s by 26.9% in the 4th quarter. Acorns Advisers LLC now owns 1,066 shares of the fast-food giant’s stock valued at $309,000 after purchasing an additional 226 shares in the last quarter. Finally, Finward Bancorp bought a new position in shares of McDonald’s in the 4th quarter valued at $1,368,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MCD has been the subject of several research analyst reports. Bank of America boosted their target price on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. increased their price objective on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Morgan Stanley decreased their target price on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a research note on Monday, March 17th. Erste Group Bank raised McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Finally, Piper Sandler lowered their target price on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Nine equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $322.87.

McDonald’s Trading Down 1.2 %

McDonald’s stock opened at $312.34 on Wednesday. The firm has a 50 day simple moving average of $307.01 and a 200 day simple moving average of $299.18. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The firm has a market capitalization of $223.15 billion, a price-to-earnings ratio of 27.42, a P/E/G ratio of 3.10 and a beta of 0.62.

McDonald’s (NYSE:MCD) last announced 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 negative return on equity of 181.63% and a net margin of 31.73%. On average, equities research analysts forecast that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

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

Insider Activity

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares in the company, valued at approximately $1,720,778.28. This trade represents a 15.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,497 shares of company stock worth $8,461,400. 0.23% of the stock is owned by company insiders.

McDonald’s Company 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.