RWA Wealth Partners LLC Grows Stock Holdings in McDonald's Co. (NYSE:MCD)

RWA Wealth Partners LLC raised its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 2.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 114,013 shares of the fast-food giant's stock after purchasing an additional 2,714 shares during the period. RWA Wealth Partners LLC's holdings in McDonald's were worth $33,051,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Legacy Investment Solutions LLC bought a new stake in McDonald's during the third quarter worth $25,000. Atala Financial Inc purchased a new position in McDonald's during the 4th quarter worth $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald's in the 4th quarter worth $27,000. Collier Financial bought a new position in shares of McDonald's during the fourth quarter valued at about $29,000. Finally, Fairway Wealth LLC boosted its holdings in McDonald's by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after purchasing an additional 55 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald's Stock Up 0.4 %

MCD traded up $1.20 during trading on Tuesday, reaching $313.57. 2,374,614 shares of the company were exchanged, compared to its average volume of 3,499,319. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The company's 50-day moving average is $302.16 and its two-hundred day moving average is $298.35. The company has a market cap of $224.03 billion, a price-to-earnings ratio of 27.53, a P/E/G ratio of 3.10 and a beta of 0.71.

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

McDonald's Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 dividend yield of 2.26%. McDonald's's dividend payout ratio (DPR) is currently 62.16%.

Insider Activity

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the business'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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $305.00, for a total value of $286,395.00. Following the completion of the sale, the insider now directly owns 13,978 shares in the company, valued at approximately $4,263,290. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,996 shares of company stock worth $8,897,534 in the last three months. Corporate insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

MCD has been the subject of several analyst reports. Citigroup increased their price objective on shares of McDonald's from $336.00 to $360.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Wedbush increased their price target on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Barclays boosted their price objective on McDonald's from $347.00 to $350.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Robert W. Baird raised 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $323.61.

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.