Fairhaven Wealth Management LLC Has $1.14 Million Holdings in McDonald’s Co. (NYSE:MCD)

Fairhaven Wealth Management LLC decreased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 8.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,937 shares of the fast-food giant’s stock after selling 382 shares during the quarter. Fairhaven Wealth Management LLC’s holdings in McDonald’s were worth $1,141,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s during the 3rd quarter worth about $25,000. Comprehensive Financial Planning Inc. PA bought a new stake in McDonald’s during the fourth quarter worth about $27,000. Collier Financial bought a new stake in McDonald’s during the fourth quarter worth about $29,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald’s during the third quarter valued at approximately $31,000. Finally, Marshall Investment Management LLC bought a new position in McDonald’s in the fourth quarter valued at approximately $37,000. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In related news, CMO Edith Morgan Flatley sold 3,200 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total transaction of $962,432.00. Following the sale, the chief marketing officer now owns 9,858 shares in the company, valued at approximately $2,964,892.08. This trade represents a 24.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total transaction of $319,918.90. Following the completion of the transaction, the insider now directly owns 8,187 shares in the company, valued at $2,383,235.70. This trade represents a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,106 shares of company stock worth $6,382,112. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.8 %

NYSE MCD opened at $307.34 on Tuesday. The firm has a 50-day moving average price of $292.80 and a two-hundred day moving average price of $294.35. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The company has a market capitalization of $220.24 billion, a P/E ratio of 26.98, a P/E/G ratio of 3.10 and a beta of 0.74.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) 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%. Equities analysts expect that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The business also recently announced 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. This represents a $7.08 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MCD. TD Securities reiterated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research note on Monday, February 10th. Citigroup increased their price target on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. boosted their price objective on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. 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 research note on Tuesday, February 11th. Finally, Piper Sandler lowered their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

About McDonald’s

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.