Sava Infond d.o.o. Acquires 1,580 Shares of McDonald's Corporation (NYSE:MCD)

Sava Infond d.o.o. lifted its position in McDonald's Corporation (NYSE:MCD - Free Report) by 52.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,580 shares of the fast-food giant's stock after purchasing an additional 1,580 shares during the quarter. Sava Infond d.o.o.'s holdings in McDonald's were worth $1,431,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MCD. Norges Bank bought a new stake in shares of McDonald's in the fourth quarter worth about $2,725,190,000. GAMMA Investing LLC increased its holdings in shares of McDonald's by 39,039.7% in the first quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock worth $1,092,645,000 after purchasing an additional 3,488,982 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of McDonald's in the fourth quarter worth about $703,074,000. Castlekeep Investment Advisors LLC bought a new stake in shares of McDonald's in the fourth quarter worth about $350,935,000. Finally, Northern Trust Corp increased its holdings in shares of McDonald's by 11.2% in the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock worth $2,570,511,000 after purchasing an additional 895,896 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Barclays lifted their target price on McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Erste Group Bank lowered McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. Morgan Stanley reiterated an "equal weight" rating and issued a $324.00 price target (down previously from $329.00) on shares of McDonald's in a research report on Monday, June 9th. Northcoast Research lowered McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Finally, TD Securities reiterated a "hold" rating and issued a $305.00 price target on shares of McDonald's in a research report on Thursday, June 5th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $321.79.

McDonald's Stock Up 0.7%

Shares of NYSE:MCD opened at $289.42 on Tuesday. The company has a market capitalization of $206.94 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. McDonald's Corporation has a 52 week low of $243.53 and a 52 week high of $326.32. The firm has a 50 day moving average of $310.02 and a 200 day moving average of $302.79.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts' consensus estimates of $2.67. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. McDonald's's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.70 earnings per share. On average, sell-side analysts expect that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald's's payout ratio is presently 62.49%.

Insider Transactions at McDonald's

In other news, 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 transaction of $299,071.50. Following the transaction, the insider now directly owns 12,100 shares of the company's stock, valued at approximately $3,853,850. This represents a 7.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 2,817 shares of company stock valued at $865,843. Corporate insiders own 0.25% of the company's stock.

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.

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