Fourth Dimension Wealth LLC Purchases New Position in McDonald's Co. (NYSE:MCD)

Fourth Dimension Wealth LLC acquired a new stake in McDonald's Co. (NYSE:MCD - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,049 shares of the fast-food giant's stock, valued at approximately $304,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Cetera Trust Company N.A lifted its stake in shares of McDonald's by 0.8% in the 4th quarter. Cetera Trust Company N.A now owns 8,359 shares of the fast-food giant's stock valued at $2,423,000 after acquiring an additional 65 shares during the last quarter. Westside Investment Management Inc. raised its position in shares of McDonald's by 61.5% during the fourth quarter. Westside Investment Management Inc. now owns 998 shares of the fast-food giant's stock worth $289,000 after purchasing an additional 380 shares during the period. Kelleher Financial Advisors lifted its stake in shares of McDonald's by 1.5% in the fourth quarter. Kelleher Financial Advisors now owns 3,243 shares of the fast-food giant's stock valued at $940,000 after buying an additional 47 shares in the last quarter. Phillips Wealth Planners LLC boosted its stake in McDonald's by 5.3% during the 4th quarter. Phillips Wealth Planners LLC now owns 3,526 shares of the fast-food giant's stock valued at $995,000 after purchasing an additional 179 shares during the last quarter. Finally, GoalVest Advisory LLC raised its position in McDonald's by 1.3% in the 4th quarter. GoalVest Advisory LLC now owns 5,285 shares of the fast-food giant's stock valued at $1,532,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Activity at McDonald's

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 5,564 shares in the company, valued at approximately $1,720,778.28. This represents a 15.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the sale, the insider now directly owns 12,100 shares in the company, valued at $3,853,850. This represents a 7.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,878 shares of company stock valued at $904,192 in the last ninety days. Company insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. BMO Capital Markets reissued an "outperform" rating and issued a $345.00 price target (up from $340.00) on shares of McDonald's in a report on Monday, May 5th. Morgan Stanley decreased their target price on McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a research report on Monday, March 17th. KeyCorp boosted their price objective on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. JPMorgan Chase & Co. increased their target price on McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Finally, Wedbush raised their price target on McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Twelve analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $325.91.

McDonald's Stock Performance

Shares of NYSE MCD traded down $1.44 during midday trading on Wednesday, reaching $313.52. The stock had a trading volume of 669,452 shares, compared to its average volume of 3,518,417. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The company has a market capitalization of $224.17 billion, a price-to-earnings ratio of 27.53, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. The stock has a 50-day moving average of $311.99 and a 200-day moving average of $301.75.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting the consensus estimate of $2.67. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same period last year, the business posted $2.70 EPS. McDonald's's quarterly revenue was down 3.5% on a year-over-year basis. As a group, analysts forecast that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.26%. The ex-dividend date is Monday, June 2nd. McDonald's's dividend payout ratio is presently 62.49%.

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.