RWA Wealth Partners LLC Has $33.05 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

RWA Wealth Partners LLC increased its stake in McDonald’s Co. (NYSE:MCD) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 114,013 shares of the fast-food giant’s stock after acquiring an additional 2,714 shares during the quarter. RWA Wealth Partners LLC’s holdings in McDonald’s were worth $33,051,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MCD. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s in the 3rd quarter worth approximately $25,000. Atala Financial Inc bought a new position in McDonald’s during the fourth quarter worth $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald’s in the fourth quarter valued at $27,000. Collier Financial bought a new stake in McDonald’s during the fourth quarter valued at $29,000. Finally, Fairway Wealth LLC boosted its position in McDonald’s by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after acquiring an additional 55 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MCD has been the subject of several recent analyst reports. Citigroup raised their price objective on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. TD Securities reissued a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a report on Monday, February 10th. KeyCorp raised their target price on McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday. Morgan Stanley decreased their price target on McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a report on Monday, March 17th. Finally, Wedbush raised their price objective on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Nine research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Stock Down 1.8 %

Shares of NYSE MCD opened at $306.95 on Friday. The stock’s 50-day simple moving average is $301.52 and its two-hundred day simple moving average is $298.15. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The firm has a market capitalization of $219.31 billion, a P/E ratio of 26.95, a P/E/G ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share 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%. As a group, research analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid 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 2.31%. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

Insider Activity

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the transaction, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,405 shares of company stock valued at $9,886,656. Insiders own 0.23% of the company’s stock.

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.