Axis Wealth Partners LLC Makes New $410,000 Investment in McDonald’s Co. (NYSE:MCD)

Axis Wealth Partners LLC bought a new position in McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,413 shares of the fast-food giant’s stock, valued at approximately $410,000.

A number of other large investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in McDonald’s in the third quarter valued at approximately $25,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald’s during the 4th quarter valued at about $27,000. Collier Financial acquired a new position in McDonald’s during the 4th quarter valued at about $29,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald’s during the 3rd quarter valued at about $31,000. Finally, Marshall Investment Management LLC acquired a new position in McDonald’s during the 4th quarter valued at about $37,000. 70.29% of the stock is currently owned by institutional investors.

Insider Activity at McDonald’s

In other news, 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 transaction, the insider now owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. The trade was a 11.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,504 shares of company stock valued at $10,206,575. 0.23% of the stock is currently owned by insiders.

McDonald’s Stock Performance

Shares of MCD opened at $321.52 on Friday. The stock has a 50 day moving average price of $295.69 and a 200 day moving average price of $296.32. McDonald’s Co. has a one year low of $243.53 and a one year high of $323.17. The stock has a market capitalization of $229.71 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 3.10 and a beta of 0.71.

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

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.20%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. TD Securities reiterated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Monday, February 10th. Wedbush upped their target price on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Robert W. Baird upped their target price on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. upped their target price on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Finally, Barclays upped their target price on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average target price of $323.61.

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.