Great Valley Advisor Group Inc. Has $10.74 Million Stake in McDonald’s Co. (NYSE:MCD)

Great Valley Advisor Group Inc. trimmed its position in shares of McDonald’s Co. (NYSE:MCD) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,227 shares of the fast-food giant’s stock after selling 237 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in McDonald’s were worth $10,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in McDonald’s by 10,702.5% in the 4th quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock worth $644,739,000 after purchasing an additional 2,154,297 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in McDonald’s in the 3rd quarter worth approximately $192,165,000. AMF Tjanstepension AB lifted its holdings in McDonald’s by 174.7% in the 3rd quarter. AMF Tjanstepension AB now owns 947,653 shares of the fast-food giant’s stock worth $249,693,000 after purchasing an additional 602,707 shares during the last quarter. Barclays PLC lifted its holdings in McDonald’s by 16.7% in the 3rd quarter. Barclays PLC now owns 2,997,877 shares of the fast-food giant’s stock worth $789,762,000 after purchasing an additional 429,000 shares during the last quarter. Finally, Winslow Capital Management LLC lifted its holdings in McDonald’s by 39.6% in the 3rd quarter. Winslow Capital Management LLC now owns 1,306,329 shares of the fast-food giant’s stock worth $344,139,000 after purchasing an additional 370,699 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Stock Up 0.5 %

NYSE:MCD traded up $1.31 during trading hours on Wednesday, reaching $274.35. The company had a trading volume of 4,843,250 shares, compared to its average volume of 3,332,155. The stock has a 50-day moving average of $280.92 and a two-hundred day moving average of $282.33. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The firm has a market capitalization of $197.81 billion, a PE ratio of 23.46, a PEG ratio of 2.99 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). The business had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. McDonald’s’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.63 EPS. As a group, sell-side analysts expect that McDonald’s Co. will post 12.34 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Thursday, February 29th. McDonald’s’s payout ratio is presently 57.74%.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

MCD has been the subject of a number of research analyst reports. Argus reiterated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. Barclays cut their price target on McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a report on Tuesday, February 6th. Stifel Nicolaus cut their price target on McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a report on Thursday, April 11th. Bank of America upped their price target on McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Finally, BMO Capital Markets cut their price target on McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Wednesday. Nine analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $317.37.

McDonald’s Profile

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.