McDonald's Corporation $MCD Shares Acquired by SageView Advisory Group LLC

Key Points

• SageView Advisory Group LLC increased their stake in McDonald's Corporation by 7.2%, owning a total of 16,850 shares valued at approximately $5.26 million.
• McDonald's reported $3.19 earnings per share for the last quarter, exceeding estimates, with revenues of $6.84 billion, marking a 5.4% increase year-over-year.
• The company announced a quarterly dividend of $1.77, signifying a 2.3% yield, with a payout ratio of 60.67%.

SageView Advisory Group LLC increased its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 7.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,850 shares of the fast-food giant's stock after purchasing an additional 1,127 shares during the quarter. SageView Advisory Group LLC's holdings in McDonald's were worth $5,264,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Mascagni Wealth Management Inc. acquired a new position in shares of McDonald's during the fourth quarter worth about $25,000. HFM Investment Advisors LLC acquired a new position in shares of McDonald's during the first quarter worth about $26,000. Pinney & Scofield Inc. acquired a new position in shares of McDonald's during the fourth quarter worth about $29,000. Abound Financial LLC acquired a new position in shares of McDonald's during the first quarter worth about $30,000. Finally, Copia Wealth Management acquired a new position in shares of McDonald's during the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MCD. Erste Group Bank downgraded McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. Truist Financial upped their price target on McDonald's from $356.00 to $360.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Evercore ISI upped their price target on McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a report on Friday, August 8th. BMO Capital Markets upped their price target on McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a report on Thursday, September 4th. Finally, Redburn Atlantic reaffirmed a "sell" rating and issued a $260.00 price target (down from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, McDonald's currently has an average rating of "Hold" and an average target price of $325.14.

McDonald's Trading Down 0.1%

MCD stock opened at $312.63 on Wednesday. The company has a market capitalization of $223.09 billion, a P/E ratio of 26.79, a PEG ratio of 3.19 and a beta of 0.49. McDonald's Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The business has a 50 day simple moving average of $304.57 and a 200-day simple moving average of $306.61.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.04. The business had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The company's revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.97 earnings per share. Research analysts predict that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald's's dividend payout ratio is presently 60.67%.

Insider Buying and Selling

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the sale, the chief marketing officer owned 6,858 shares in the company, valued at $2,160,270. This represents a 12.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jonathan Banner sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the sale, the executive vice president owned 99 shares of the company's stock, valued at $30,690. This trade represents a 90.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,341 shares of company stock worth $2,544,327 over the last three months. 0.25% of the stock is owned by company insiders.

McDonald's 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.

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