Savvy Advisors Inc. Purchases 1,078 Shares of McDonald's Corporation (NYSE:MCD)

Key Points

• Savvy Advisors Inc. increased its stake in McDonald's Corporation by 9.7%, acquiring an additional 1,078 shares, bringing its total holdings to 12,138 shares valued at approximately $3.79 million.
• Institutional investors collectively own 70.29% of McDonald's stock, with notable increases from firms like AlphaCore Capital and Mitsubishi UFJ Asset Management during the first quarter.
• McDonald's announced a quarterly dividend of $1.77 per share, resulting in an annual yield of 2.3%, payable to shareholders on September 16th.

Savvy Advisors Inc. increased its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 9.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,138 shares of the fast-food giant's stock after buying an additional 1,078 shares during the quarter. Savvy Advisors Inc.'s holdings in McDonald's were worth $3,792,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCD. AlphaCore Capital LLC lifted its stake in McDonald's by 113.0% in the 1st quarter. AlphaCore Capital LLC now owns 10,518 shares of the fast-food giant's stock valued at $3,285,000 after purchasing an additional 5,579 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of McDonald's by 10.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,411,750 shares of the fast-food giant's stock valued at $440,988,000 after buying an additional 138,382 shares in the last quarter. Accuvest Global Advisors bought a new stake in shares of McDonald's in the first quarter valued at approximately $1,896,000. WealthPlan Investment Management LLC grew its position in McDonald's by 0.9% during the first quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant's stock worth $1,134,000 after buying an additional 32 shares in the last quarter. Finally, Northern Capital Management Inc. bought a new position in McDonald's during the 1st quarter worth $204,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Wall Street Analyst Weigh In

MCD has been the subject of a number of analyst reports. Northcoast Research downgraded shares of McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Erste Group Bank lowered shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. Melius began coverage on McDonald's in a report on Monday, July 14th. They issued a "sell" rating and a $250.00 target price on the stock. Morgan Stanley lifted their target price on shares of McDonald's from $324.00 to $326.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Finally, Redburn Atlantic reaffirmed a "sell" rating and issued a $260.00 price objective (down previously from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $326.00.

McDonald's Stock Performance

Shares of NYSE MCD opened at $307.90 on Friday. The company has a 50 day simple moving average of $298.73 and a two-hundred day simple moving average of $304.17. McDonald's Corporation has a fifty-two week low of $265.33 and a fifty-two week high of $326.32. The company has a market capitalization of $220.16 billion, a price-to-earnings ratio of 26.38, a P/E/G ratio of 3.22 and a beta of 0.52.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating the consensus estimate of $3.15 by $0.04. The company had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. McDonald's had a net margin of 32.21% and a negative return on equity of 206.70%. McDonald's's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.97 EPS. On average, analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald's's payout ratio is 60.67%.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the sale, the insider directly owned 9,283 shares in the company, valued at $2,780,165.67. This trade represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 976 shares of McDonald's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $303.50, for a total transaction of $296,216.00. Following the transaction, the chief marketing officer owned 7,882 shares in the company, valued at approximately $2,392,187. This trade represents a 11.02% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,280 shares of company stock worth $2,215,178. 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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