SageView Advisory Group LLC Grows Stock Position in McDonald's Co. (NYSE:MCD)

SageView Advisory Group LLC boosted its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 15.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,723 shares of the fast-food giant's stock after acquiring an additional 2,119 shares during the period. SageView Advisory Group LLC's holdings in McDonald's were worth $4,558,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Atala Financial Inc acquired a new stake in shares of McDonald's in the 4th quarter worth $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in McDonald's in the fourth quarter worth about $27,000. Collier Financial acquired a new stake in McDonald's in the fourth quarter worth about $29,000. Fairway Wealth LLC grew its stake in shares of McDonald's by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after acquiring an additional 55 shares during the last quarter. Finally, Marshall Investment Management LLC acquired a new position in shares of McDonald's during the fourth quarter valued at about $37,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald's Stock Performance

McDonald's stock traded up $1.72 during trading on Thursday, reaching $310.82. The company had a trading volume of 2,726,918 shares, compared to its average volume of 3,583,375. The firm's 50-day simple moving average is $307.31 and its 200 day simple moving average is $299.25. The firm has a market capitalization of $222.07 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting analysts' consensus estimates of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. Analysts anticipate that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's dividend payout ratio is currently 62.16%.

Insider Transactions at McDonald's

In related news, insider Joseph M. Erlinger sold 300 shares of McDonald's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the sale, the executive vice president now directly owns 5,564 shares of the company's stock, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,497 shares of company stock valued at $8,461,400. Corporate insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Robert W. Baird dropped their target price on shares of McDonald's from $310.00 to $300.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. TD Securities reissued a "hold" rating and issued a $300.00 target price on shares of McDonald's in a research report on Monday, February 10th. Piper Sandler lowered their price target on McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. KeyCorp increased their price objective on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Finally, Bank of America upped their target price on McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Nine investment 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $322.87.

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.