Collaborative Wealth Managment Inc. Sells 462 Shares of McDonald’s Co. (NYSE:MCD)

Collaborative Wealth Managment Inc. lowered its holdings in shares of McDonald’s Co. (NYSE:MCD) by 4.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,972 shares of the fast-food giant’s stock after selling 462 shares during the period. McDonald’s comprises 1.4% of Collaborative Wealth Managment Inc.’s holdings, making the stock its 19th largest holding. Collaborative Wealth Managment Inc.’s holdings in McDonald’s were worth $3,181,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Facet Wealth Inc. raised its stake in shares of McDonald’s by 7.8% during the fourth quarter. Facet Wealth Inc. now owns 884 shares of the fast-food giant’s stock valued at $260,000 after acquiring an additional 64 shares during the last quarter. Harbour Investments Inc. raised its stake in shares of McDonald’s by 3.6% during the fourth quarter. Harbour Investments Inc. now owns 16,528 shares of the fast-food giant’s stock valued at $4,791,000 after acquiring an additional 577 shares during the last quarter. Greenwich Wealth Management LLC raised its stake in shares of McDonald’s by 1.7% during the fourth quarter. Greenwich Wealth Management LLC now owns 2,501 shares of the fast-food giant’s stock valued at $725,000 after acquiring an additional 43 shares during the last quarter. Pollock Investment Advisors LLC bought a new position in shares of McDonald’s during the fourth quarter valued at $257,000. Finally, Hutchinson Capital Management CA increased its position in shares of McDonald’s by 9.3% during the fourth quarter. Hutchinson Capital Management CA now owns 1,283 shares of the fast-food giant’s stock worth $372,000 after buying an additional 109 shares during the period. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on MCD. Citigroup increased their price objective on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. TD Securities reiterated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research report on Monday, February 10th. Piper Sandler decreased their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Wedbush raised their price target on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Finally, Barclays raised their price target on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Price Performance

MCD opened at $300.00 on Friday. The company’s 50-day moving average is $296.96 and its 200 day moving average is $296.84. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The firm has a market capitalization of $214.34 billion, a P/E ratio of 26.34, a PEG ratio of 3.10 and a beta of 0.71.

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

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders 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 2.36%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

Insider Buying and Selling at McDonald’s

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 shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the transaction, the chief executive officer now directly owns 32,756 shares in the company, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated 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 owns 8,187 shares in the company, valued at approximately $2,383,235.70. The trade was a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,504 shares of company stock worth $10,206,575 over the last three months. 0.23% of the stock is currently owned by insiders.

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.