Savvy Advisors Inc. Has $3.21 Million Stake in McDonald's Co. (NYSE:MCD)

Savvy Advisors Inc. increased its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 245.4% during the 4th quarter, according to 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 acquiring an additional 7,858 shares during the quarter. Savvy Advisors Inc.'s holdings in McDonald's were worth $3,206,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their target price on McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Barclays boosted their price objective on shares of McDonald's from $347.00 to $350.00 and gave the company an "overweight" rating in a report on Monday, February 10th. KeyCorp increased their target price on shares of McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Citigroup reduced their price target on shares of McDonald's from $360.00 to $353.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Finally, Wedbush raised their price objective on McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Nine equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $322.87.

Insider Activity

In other McDonald's news, EVP Tiffanie L. Boyd sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the sale, the executive vice president now directly owns 5,564 shares in the company, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 32,756 shares in the company, valued at $10,155,997.80. The trade was a 24.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,497 shares of company stock valued at $8,461,400 over the last three months. Insiders own 0.23% of the company's stock.

McDonald's Stock Performance

MCD traded up $1.72 during trading on Thursday, reaching $310.82. 2,726,918 shares of the stock were exchanged, compared to its average volume of 3,583,375. The stock's 50 day moving average price is $307.31 and its two-hundred day moving average price is $299.25. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The stock has a market cap of $222.07 billion, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting the consensus estimate of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. Equities research analysts predict that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.28%. McDonald's's payout ratio is 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.