Great Valley Advisor Group Inc. Sells 237 Shares of McDonald’s Co. (NYSE:MCD)

Great Valley Advisor Group Inc. lessened its stake in McDonald’s Co. (NYSE:MCD) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,227 shares of the fast-food giant’s stock after selling 237 shares during the period. Great Valley Advisor Group Inc.’s holdings in McDonald’s were worth $10,741,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Blue Bell Private Wealth Management LLC lifted its stake in shares of McDonald’s by 51.9% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after purchasing an additional 42 shares during the period. Spartan Planning & Wealth Management bought a new stake in shares of McDonald’s during the 3rd quarter valued at about $33,000. Keener Financial Planning LLC bought a new stake in shares of McDonald’s during the 4th quarter valued at about $39,000. Bear Mountain Capital Inc. bought a new stake in shares of McDonald’s during the 4th quarter valued at about $43,000. Finally, Authentikos Wealth Advisory LLC bought a new stake in shares of McDonald’s during the 3rd quarter valued at about $45,000. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on 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 directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 0.5 %

Shares of MCD traded up $1.31 on Wednesday, reaching $274.35. 4,843,250 shares of the company’s stock traded hands, compared to its average volume of 3,332,155. The stock has a market cap of $197.81 billion, a PE ratio of 23.46, a PEG ratio of 2.99 and a beta of 0.71. The stock’s 50 day simple moving average is $280.92 and its two-hundred day simple moving average is $282.33. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results 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 business had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.63 earnings per share. Analysts forecast that McDonald’s Co. will post 12.34 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio is currently 57.74%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Citigroup cut their target price on McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. BMO Capital Markets cut their target price on McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a research report on Wednesday. Morgan Stanley cut their target price on McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Evercore ISI reiterated an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a report on Wednesday, March 27th. Finally, Royal Bank of Canada cut their price target on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. Nine investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $317.37.

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.