McDonald’s Corporation $MCD Shares Acquired by Sava Infond d.o.o.

Sava Infond d.o.o. lifted its stake in shares of McDonald’s Corporation (NYSE:MCD) by 13.3% during the second quarter, Holdings Channel.com reports. The fund owned 5,190 shares of the fast-food giant’s stock after purchasing an additional 610 shares during the period. Sava Infond d.o.o.’s holdings in McDonald’s were worth $1,516,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MCD. WealthPlan Investment Management LLC boosted its position in McDonald’s by 0.9% in the first quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock valued at $1,134,000 after buying an additional 32 shares in the last quarter. CVA Family Office LLC boosted its position in McDonald’s by 1.9% in the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant’s stock valued at $560,000 after buying an additional 33 shares in the last quarter. Consilium Wealth Advisory LLC boosted its position in McDonald’s by 2.5% in the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant’s stock valued at $417,000 after buying an additional 33 shares in the last quarter. Security Financial Services INC. boosted its position in McDonald’s by 0.7% in the first quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock valued at $1,575,000 after buying an additional 33 shares in the last quarter. Finally, Tealwood Asset Management Inc. boosted its position in McDonald’s by 0.4% in the first quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant’s stock valued at $2,535,000 after buying an additional 34 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analysts Set New Price Targets

MCD has been the topic of a number of recent analyst reports. Guggenheim restated a “neutral” rating on shares of McDonald’s in a research report on Friday, August 8th. Truist Financial boosted their target price on shares of McDonald’s from $356.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Barclays boosted their target price on shares of McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. KeyCorp reaffirmed an “overweight” rating and issued a $335.00 target price (up from $325.00) on shares of McDonald’s in a research note on Thursday, August 7th. Finally, Redburn Atlantic reaffirmed a “sell” rating and issued a $260.00 target price (down from $319.00) on shares of McDonald’s in a research note on Tuesday, June 10th. Twelve investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $325.86.

Insider Activity

In other news, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the sale, the executive vice president owned 99 shares of the company’s stock, valued at $30,690. This represents a 90.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the sale, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at $2,160,270. This represents a 12.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,402 shares of company stock worth $2,273,407 over the last three months. Company insiders own 0.25% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $300.72 on Friday. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The company has a market capitalization of $214.59 billion, a PE ratio of 25.77, a PEG ratio of 3.05 and a beta of 0.50. The company has a 50 day moving average price of $306.93 and a two-hundred day moving average price of $306.17.

McDonald’s (NYSE:MCD) last issued its earnings results 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. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The firm had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the prior year, the firm earned $2.97 earnings per share. The business’s quarterly revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald’s’s dividend payout ratio is presently 60.67%.

McDonald’s 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.