PAX Financial Group LLC Has $952,000 Holdings in McDonald's Co. (NYSE:MCD)

PAX Financial Group LLC raised its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 157.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,284 shares of the fast-food giant's stock after acquiring an additional 2,008 shares during the quarter. PAX Financial Group LLC's holdings in McDonald's were worth $952,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Yoffe Investment Management LLC purchased a new position in McDonald's in the 4th quarter worth about $892,000. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of McDonald's by 6.8% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,830 shares of the fast-food giant's stock worth $820,000 after acquiring an additional 179 shares in the last quarter. Grant Private Wealth Management Inc purchased a new position in shares of McDonald's in the fourth quarter worth approximately $502,000. Arete Wealth Advisors LLC boosted its stake in McDonald's by 1.7% in the 4th quarter. Arete Wealth Advisors LLC now owns 35,052 shares of the fast-food giant's stock worth $10,134,000 after purchasing an additional 586 shares during the period. Finally, World Investment Advisors grew its position in McDonald's by 28.9% during the 4th quarter. World Investment Advisors now owns 8,605 shares of the fast-food giant's stock worth $2,495,000 after purchasing an additional 1,930 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MCD has been the topic of several research reports. Wedbush upped 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. Bank of America raised their price target on McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. raised their price objective on McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Erste Group Bank raised McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Finally, TD Securities reaffirmed a "hold" rating and set a $300.00 price objective on shares of McDonald's in a report on Monday, February 10th. Nine equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, McDonald's presently has a consensus rating of "Moderate Buy" and an average target price of $323.30.

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Insider Activity

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The stock was 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 owns 32,756 shares of the company's stock, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 300 shares of McDonald's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now directly owns 7,887 shares of the company's stock, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,497 shares of company stock valued at $8,461,400 over the last ninety days. 0.23% of the stock is currently owned by company insiders.

McDonald's Stock Performance

MCD traded down $18.59 during trading on Friday, reaching $299.68. 8,828,016 shares of the stock were exchanged, compared to its average volume of 3,539,121. The stock's 50 day moving average price is $304.34 and its two-hundred day moving average price is $298.72. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The stock has a market cap of $214.11 billion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 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 research analysts predict that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.36%. McDonald's's dividend payout ratio (DPR) is 62.16%.

About McDonald's

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.