Meridian Wealth Management LLC Has $2.13 Million Holdings in McDonald’s Co. (NYSE:MCD)

Meridian Wealth Management LLC trimmed its holdings in McDonald’s Co. (NYSE:MCD) by 1.6% in the fourth quarter, Holdings Channel reports. The fund owned 7,362 shares of the fast-food giant’s stock after selling 117 shares during the period. Meridian Wealth Management LLC’s holdings in McDonald’s were worth $2,134,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Kelly Financial Group LLC bought a new stake in shares of McDonald’s during the fourth quarter worth $200,000. Fidelis Capital Partners LLC boosted its stake in McDonald’s by 5.4% in the 4th quarter. Fidelis Capital Partners LLC now owns 7,241 shares of the fast-food giant’s stock worth $2,100,000 after purchasing an additional 372 shares during the period. Investment Partners LTD. boosted its stake in McDonald’s by 15.0% in the 4th quarter. Investment Partners LTD. now owns 6,078 shares of the fast-food giant’s stock worth $1,762,000 after purchasing an additional 793 shares during the period. Quintet Private Bank Europe S.A. increased its holdings in McDonald’s by 9.6% during the 4th quarter. Quintet Private Bank Europe S.A. now owns 54,057 shares of the fast-food giant’s stock worth $15,671,000 after purchasing an additional 4,739 shares in the last quarter. Finally, LGT Fund Management Co Ltd. raised its stake in shares of McDonald’s by 25.6% in the 4th quarter. LGT Fund Management Co Ltd. now owns 64,981 shares of the fast-food giant’s stock valued at $18,837,000 after purchasing an additional 13,250 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was 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 owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The sale 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 3,200 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total transaction of $962,432.00. Following the transaction, the chief marketing officer now owns 9,858 shares of the company’s stock, valued at approximately $2,964,892.08. This represents a 24.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,504 shares of company stock valued at $10,206,575 over the last quarter. 0.23% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on MCD shares. Morgan Stanley increased their price objective on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Truist Financial decreased their price target on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Wedbush lifted their price objective on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Piper Sandler reduced their target price 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. Finally, Citigroup lifted 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. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Stock Down 1.5 %

NYSE MCD opened at $303.70 on Tuesday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The firm has a 50-day moving average price of $294.31 and a two-hundred day moving average price of $295.64. The company has a market capitalization of $216.98 billion, a P/E ratio of 26.66, 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, 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%. Equities analysts expect that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

McDonald’s 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.