Holistic Financial Partners Buys 142 Shares of McDonald’s Co. (NYSE:MCD)

Holistic Financial Partners lifted its stake in McDonald’s Co. (NYSE:MCD) by 11.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,378 shares of the fast-food giant’s stock after purchasing an additional 142 shares during the period. Holistic Financial Partners’ holdings in McDonald’s were worth $399,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s in the 3rd quarter worth $25,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of McDonald’s in the 4th quarter worth $27,000. Collier Financial bought a new position in shares of McDonald’s in the 4th quarter worth $29,000. RPg Family Wealth Advisory LLC acquired a new stake in McDonald’s during the 3rd quarter worth $31,000. Finally, Marshall Investment Management LLC acquired a new stake in McDonald’s during the 4th quarter worth $37,000. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Marion K. Gross sold 1,099 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $304.60, for a total transaction of $334,755.40. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at $475,176. The trade was a 41.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,106 shares of company stock worth $6,382,112. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on MCD. JPMorgan Chase & Co. raised their price objective on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Morgan Stanley raised their price objective on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Bank of America raised their price objective on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Piper Sandler dropped their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Finally, BMO Capital Markets raised their price objective on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Stock Performance

McDonald’s stock opened at $304.76 on Monday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The stock has a market capitalization of $218.40 billion, a P/E ratio of 26.76, a PEG ratio of 3.10 and a beta of 0.74. The stock has a 50-day simple moving average of $292.61 and a 200 day simple moving average of $294.10.

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

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Monday, March 3rd. McDonald’s’s 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.