Holistic Financial Partners Has $399,000 Stake in McDonald’s Co. (NYSE:MCD)

Holistic Financial Partners increased its holdings in McDonald’s Co. (NYSE:MCD) by 11.5% 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 1,378 shares of the fast-food giant’s stock after buying an additional 142 shares during the period. Holistic Financial Partners’ holdings in McDonald’s were worth $399,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MCD. IFP Advisors Inc raised its position in McDonald’s by 26.6% during the fourth quarter. IFP Advisors Inc now owns 28,923 shares of the fast-food giant’s stock valued at $8,385,000 after purchasing an additional 6,078 shares in the last quarter. Waverton Investment Management Ltd acquired a new position in McDonald’s during the fourth quarter valued at approximately $203,000. Birchcreek Wealth Management LLC raised its position in McDonald’s by 18.4% during the fourth quarter. Birchcreek Wealth Management LLC now owns 1,197 shares of the fast-food giant’s stock valued at $347,000 after purchasing an additional 186 shares in the last quarter. Partners Wealth Management LLC acquired a new position in McDonald’s during the fourth quarter valued at approximately $279,000. Finally, World Equity Group Inc. raised its position in McDonald’s by 92.6% during the fourth quarter. World Equity Group Inc. now owns 11,422 shares of the fast-food giant’s stock valued at $3,311,000 after purchasing an additional 5,492 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,106 shares of company stock worth $6,382,112. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

MCD has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on shares of McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Piper Sandler lowered their price target on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. TD Cowen reiterated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a report on Tuesday, October 29th. Robert W. Baird upped their price target on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Finally, Truist Financial lowered their price target on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $323.61.

McDonald’s Trading Up 0.6 %

Shares of MCD opened at $304.76 on Monday. The stock has a market capitalization of $218.40 billion, a P/E ratio of 26.76, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74. The firm’s fifty day simple moving average is $292.61 and its two-hundred day simple moving average is $294.10. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

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

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.32%. McDonald’s’s dividend payout ratio is currently 62.16%.

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.