McDonald’s Co. (NYSE:MCD) Shares Sold by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV reduced its position in McDonald’s Co. (NYSE:MCD) by 0.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,274 shares of the fast-food giant’s stock after selling 162 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in McDonald’s were worth $5,396,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MCD. Mascagni Wealth Management Inc. acquired a new position in shares of McDonald’s in the 4th quarter valued at about $25,000. Atala Financial Inc acquired a new position in shares of McDonald’s in the 4th quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of McDonald’s in the 4th quarter valued at about $27,000. Collier Financial acquired a new position in shares of McDonald’s in the 4th quarter valued at about $29,000. Finally, Pinney & Scofield Inc. acquired a new position in shares of McDonald’s in the 4th quarter valued at about $29,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the completion of the sale, the insider now directly owns 11,161 shares in the company, valued at approximately $3,516,496.27. The trade was a 7.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.25% of the company’s stock.

McDonald’s Stock Down 0.5%

MCD stock opened at $307.44 on Friday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The stock’s 50 day moving average is $312.29 and its two-hundred day moving average is $302.57. The company has a market capitalization of $219.83 billion, a PE ratio of 26.99, a P/E/G ratio of 3.10 and a beta of 0.56.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The business had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the previous year, the business earned $2.70 EPS. The business’s quarterly revenue was down 3.5% on a year-over-year basis. As a group, sell-side analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.30%. McDonald’s’s dividend payout ratio (DPR) is 62.49%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. BMO Capital Markets reissued an “outperform” rating and set a $345.00 price target (up from $340.00) on shares of McDonald’s in a research report on Monday, May 5th. Erste Group Bank lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 24th. Bank of America boosted their price target on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Northcoast Research lowered McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 6th. Finally, Wedbush boosted their price target on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Thirteen investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $324.96.

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.