1,413 Shares in McDonald's Co. (NYSE:MCD) Purchased by Axis Wealth Partners LLC

Axis Wealth Partners LLC purchased a new stake in McDonald's Co. (NYSE:MCD - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,413 shares of the fast-food giant's stock, valued at approximately $410,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MCD. Raymond James Financial Inc. acquired a new position in shares of McDonald's in the 4th quarter valued at $703,074,000. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of McDonald's by 542.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant's stock valued at $244,174,000 after purchasing an additional 677,139 shares during the period. Proficio Capital Partners LLC boosted its position in shares of McDonald's by 43,591.6% in the 4th quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant's stock valued at $171,241,000 after purchasing an additional 589,359 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of McDonald's in the 3rd quarter valued at $121,254,000. Finally, Commerzbank Aktiengesellschaft FI boosted its position in shares of McDonald's by 518.1% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 348,119 shares of the fast-food giant's stock valued at $100,916,000 after purchasing an additional 291,802 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Stock Performance

Shares of NYSE MCD traded up $11.15 during mid-day trading on Friday, reaching $321.52. 7,606,559 shares of the company traded hands, compared to its average volume of 3,341,679. The stock has a market cap of $229.71 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The company's fifty day moving average is $295.69 and its two-hundred day moving average is $296.37. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $323.17.

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McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting analysts' consensus estimates of $2.83. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. Research analysts forecast that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald's's dividend payout ratio (DPR) is currently 62.16%.

Insider Buying and Selling at McDonald's

In other McDonald's news, EVP Manuel Jm Steijaert sold 10,459 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $308.71, for a total value of $3,228,797.89. Following the sale, the executive vice president now owns 4,606 shares of the company's stock, valued at $1,421,918.26. This trade represents a 69.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now directly owns 5,564 shares in the company, valued at $1,720,778.28. The trade was a 15.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,504 shares of company stock valued at $10,206,575 in the last 90 days. 0.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MCD has been the subject of several research analyst reports. TD Securities reissued a "hold" rating and issued a $300.00 price objective on shares of McDonald's in a research note on Monday, February 10th. Wedbush increased their price objective on McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Bank of America increased their price objective on McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 11th. BMO Capital Markets increased their price objective on McDonald's from $335.00 to $340.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Finally, Piper Sandler reduced their price objective on McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.