Axxcess Wealth Management LLC Grows Stock Position in McDonald’s Co. (NYSE:MCD)

Axxcess Wealth Management LLC increased its stake in shares of McDonald’s Co. (NYSE:MCD) by 10.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,602 shares of the fast-food giant’s stock after acquiring an additional 2,450 shares during the period. Axxcess Wealth Management LLC’s holdings in McDonald’s were worth $7,591,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Signature Resources Capital Management LLC acquired a new stake in McDonald’s in the fourth quarter valued at approximately $31,000. Blue Bell Private Wealth Management LLC increased its holdings in McDonald’s by 51.9% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after acquiring an additional 42 shares in the last quarter. Spartan Planning & Wealth Management acquired a new position in McDonald’s during the third quarter worth $33,000. Keener Financial Planning LLC purchased a new position in McDonald’s during the fourth quarter valued at $39,000. Finally, Bear Mountain Capital Inc. acquired a new stake in shares of McDonald’s in the fourth quarter valued at about $43,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Price Performance

Shares of MCD stock traded down $2.96 during trading hours on Friday, reaching $270.32. 2,642,344 shares of the stock were exchanged, compared to its average volume of 3,812,742. The business’s fifty day moving average is $279.53 and its two-hundred day moving average is $282.35. The firm has a market capitalization of $194.90 billion, a P/E ratio of 22.95, a P/E/G ratio of 2.91 and a beta of 0.71. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.54%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.63 earnings per share. As a group, equities research analysts predict that McDonald’s Co. will post 12.18 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $1.67 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.47%. McDonald’s’s payout ratio is currently 56.71%.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MCD shares. Royal Bank of Canada reduced their target price on McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a report on Tuesday, February 6th. StockNews.com cut shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Wedbush reduced their target price on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Citigroup lowered their price target on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. Finally, Guggenheim cut their price objective on shares of McDonald’s from $325.00 to $315.00 and set a “buy” rating for the company in a report on Thursday. Nine research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $317.74.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.