Holistic Financial Partners Boosts Stake in McDonald’s Co. (NYSE:MCD)

Holistic Financial Partners boosted its position in McDonald’s Co. (NYSE:MCD) by 4.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,236 shares of the fast-food giant’s stock after acquiring an additional 58 shares during the quarter. Holistic Financial Partners’ holdings in McDonald’s were worth $376,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in MCD. Hara Capital LLC purchased a new stake in shares of McDonald’s in the 3rd quarter valued at $44,000. Kings Path Partners LLC bought a new stake in shares of McDonald’s in the 2nd quarter valued at about $38,000. Peterson Financial Group Inc. purchased a new stake in McDonald’s during the 3rd quarter valued at about $58,000. Opal Wealth Advisors LLC purchased a new position in McDonald’s in the 2nd quarter worth approximately $59,000. Finally, Bbjs Financial Advisors LLC bought a new stake in McDonald’s in the second quarter valued at approximately $65,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $292.63 on Monday. The company’s fifty day simple moving average is $300.06 and its 200-day simple moving average is $277.48. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The stock has a market capitalization of $209.70 billion, a PE ratio of 25.69, a P/E/G ratio of 3.89 and a beta of 0.74.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the prior year, the company posted $3.19 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, research analysts anticipate that McDonald’s Co. will post 11.77 EPS for the current year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $1.77 per share. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.42%. McDonald’s’s dividend payout ratio is currently 58.65%.

Insider Activity at McDonald’s

In other news, CEO Christopher J. Kempczinski sold 11,727 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the completion of the transaction, the chief executive officer now directly owns 49,885 shares in the company, valued at approximately $14,966,996.55. This represents a 19.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Edith Morgan Flatley sold 2,346 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the sale, the chief marketing officer now directly owns 2,905 shares in the company, valued at approximately $900,550. The trade was a 44.68 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,596 shares of company stock valued at $10,698,289. Corporate insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of recent analyst reports. Truist Financial lowered their price target on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Tigress Financial increased their price objective on McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Loop Capital restated a “buy” rating on shares of McDonald’s in a report on Friday, October 18th. Finally, Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and a consensus price target of $319.46.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.