Savvy Advisors Inc. Grows Position in McDonald’s Co. (NYSE:MCD)

Savvy Advisors Inc. increased its position in McDonald’s Co. (NYSE:MCD) by 245.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,060 shares of the fast-food giant’s stock after buying an additional 7,858 shares during the quarter. Savvy Advisors Inc.’s holdings in McDonald’s were worth $3,206,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morse Asset Management Inc lifted its holdings in McDonald’s by 12.8% in the 3rd quarter. Morse Asset Management Inc now owns 3,385 shares of the fast-food giant’s stock worth $1,031,000 after buying an additional 385 shares during the period. McIlrath & Eck LLC lifted its stake in McDonald’s by 11.6% in the third quarter. McIlrath & Eck LLC now owns 1,537 shares of the fast-food giant’s stock worth $468,000 after acquiring an additional 160 shares during the period. Virtu Financial LLC bought a new stake in McDonald’s in the third quarter valued at $1,647,000. Diamant Asset Management Inc. increased its position in McDonald’s by 1.9% during the 3rd quarter. Diamant Asset Management Inc. now owns 9,544 shares of the fast-food giant’s stock valued at $2,906,000 after purchasing an additional 180 shares during the period. Finally, Tudor Financial Inc. bought a new position in McDonald’s in the 3rd quarter worth $394,000. 70.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MCD. Piper Sandler cut their target price on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Robert W. Baird reduced their target price on McDonald’s from $310.00 to $300.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. KeyCorp lifted their price target on McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Citigroup decreased their price objective on McDonald’s from $360.00 to $353.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Finally, Erste Group Bank upgraded shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Nine equities 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $322.87.

Insiders Place Their Bets

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald’s 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 transaction, the executive vice president now directly owns 5,564 shares in the company, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the sale, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,497 shares of company stock worth $8,461,400. Company insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

MCD stock opened at $309.84 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The stock’s fifty day moving average price is $306.10 and its 200-day moving average price is $299.04. The company has a market cap of $221.37 billion, a P/E ratio of 27.20, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting 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, analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $1.77 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.29%. McDonald’s’s payout ratio is presently 62.16%.

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.