SageView Advisory Group LLC Increases Stock Holdings in McDonald’s Co. (NYSE:MCD)

SageView Advisory Group LLC raised its stake in McDonald’s Co. (NYSE:MCD) by 51.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,032 shares of the fast-food giant’s stock after purchasing an additional 6,447 shares during the period. SageView Advisory Group LLC’s holdings in McDonald’s were worth $5,608,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MCD. Schwarz Dygos Wheeler Investment Advisors LLC grew its position in shares of McDonald’s by 1.1% during the third quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 9,344 shares of the fast-food giant’s stock worth $2,462,000 after acquiring an additional 100 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of McDonald’s during the third quarter worth approximately $5,124,000. Cottonwood Capital Advisors LLC grew its position in shares of McDonald’s by 3.5% during the third quarter. Cottonwood Capital Advisors LLC now owns 3,703 shares of the fast-food giant’s stock worth $976,000 after acquiring an additional 124 shares during the last quarter. Briaud Financial Planning Inc purchased a new position in shares of McDonald’s during the third quarter worth approximately $104,000. Finally, Empower Advisory Group LLC grew its position in shares of McDonald’s by 1.8% during the third quarter. Empower Advisory Group LLC now owns 20,835 shares of the fast-food giant’s stock worth $5,489,000 after acquiring an additional 374 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MCD shares. TD Cowen reaffirmed a “buy” rating and set a $305.00 price target on shares of McDonald’s in a report on Monday. UBS Group decreased their price target on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a report on Friday, April 5th. Wedbush decreased their price target on McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Citigroup decreased their price target on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a report on Tuesday, April 16th. Finally, Truist Financial decreased their price target on McDonald’s from $337.00 to $320.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Nine investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $317.74.

McDonald’s Stock Performance

McDonald’s stock traded down $7.84 during midday trading on Thursday, reaching $257.93. 5,382,782 shares of the company were exchanged, compared to its average volume of 3,283,828. The company has a market capitalization of $185.88 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 3.00 and a beta of 0.71. The firm’s 50-day simple moving average is $273.69 and its 200-day simple moving average is $283.52. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.63 EPS. On average, analysts forecast that McDonald’s Co. will post 12.17 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.59%. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the sale, the executive vice president now owns 19 shares of the company’s stock, valued at approximately $5,225.38. The disclosure for this sale can be found here. Insiders sold 2,997 shares of company stock worth $836,300 in the last 90 days. 0.23% of the stock is owned by company insiders.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.