Axxcess Wealth Management LLC Has $7.72 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Axxcess Wealth Management LLC raised its holdings in McDonald’s Co. (NYSE:MCD) by 0.6% in the 4th quarter, HoldingsChannel reports. The fund owned 26,646 shares of the fast-food giant’s stock after acquiring an additional 169 shares during the period. Axxcess Wealth Management LLC’s holdings in McDonald’s were worth $7,724,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MCD. United Bank boosted its stake in shares of McDonald’s by 3.5% in the 3rd quarter. United Bank now owns 6,446 shares of the fast-food giant’s stock valued at $1,963,000 after purchasing an additional 218 shares during the last quarter. Prudent Man Advisors LLC boosted its stake in McDonald’s by 18.0% during the third quarter. Prudent Man Advisors LLC now owns 3,581 shares of the fast-food giant’s stock worth $1,090,000 after acquiring an additional 546 shares in the last quarter. Aljian Capital Management LLC bought a new position in McDonald’s during the third quarter worth $1,961,000. Quest Partners LLC boosted its stake in McDonald’s by 233.8% during the third quarter. Quest Partners LLC now owns 1,552 shares of the fast-food giant’s stock worth $473,000 after acquiring an additional 1,087 shares in the last quarter. Finally, Richard C. Young & CO. LTD. boosted its stake in McDonald’s by 2.9% during the third quarter. Richard C. Young & CO. LTD. now owns 43,385 shares of the fast-food giant’s stock worth $13,211,000 after acquiring an additional 1,210 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

McDonald’s Trading Up 1.4 %

MCD stock opened at $304.01 on Tuesday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The firm has a market capitalization of $217.20 billion, a P/E ratio of 26.69, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The firm has a 50 day moving average of $297.20 and a 200-day moving average of $297.02.

McDonald’s (NYSE:MCD) last announced its 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 net margin of 31.73% and a negative return on equity of 181.63%. Sell-side analysts predict that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Insiders Place Their Bets

In other McDonald’s news, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. This trade represents a 15.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Monday, December 23rd. The stock was 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 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. Over the last ninety days, insiders have sold 33,504 shares of company stock valued at $10,206,575. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. BMO Capital Markets raised their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Wedbush raised their price objective 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. TD Securities reaffirmed a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research note on Monday, February 10th. Finally, Piper Sandler lowered 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. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $323.39.

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.