Valley National Advisers Inc. Lowers Holdings in McDonald’s Co. (NYSE:MCD)

Valley National Advisers Inc. decreased its holdings in McDonald’s Co. (NYSE:MCD) by 1.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,998 shares of the fast-food giant’s stock after selling 209 shares during the quarter. Valley National Advisers Inc.’s holdings in McDonald’s were worth $3,100,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. Roffman Miller Associates Inc. PA lifted its stake in shares of McDonald’s by 1.7% in the 4th quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock valued at $46,179,000 after purchasing an additional 2,546 shares in the last quarter. Shulman DeMeo Asset Management LLC lifted its position in McDonald’s by 12.2% during the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock worth $312,000 after acquiring an additional 114 shares in the last quarter. Aigen Investment Management LP acquired a new position in McDonald’s during the 4th quarter worth approximately $4,286,000. Strait & Sound Wealth Management LLC acquired a new position in McDonald’s during the 4th quarter worth approximately $211,000. Finally, First National Bank of Mount Dora Trust Investment Services lifted its position in McDonald’s by 2.8% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock worth $3,269,000 after acquiring an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $387,285.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the sale, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,593 shares of company stock worth $1,472,518. 0.23% of the stock is owned by corporate insiders.

McDonald’s Stock Performance

NYSE:MCD traded up $2.25 during trading hours on Wednesday, hitting $250.04. 2,026,063 shares of the company’s stock traded hands, compared to its average volume of 3,426,628. The firm has a market cap of $180.20 billion, a P/E ratio of 21.18, a P/E/G ratio of 2.87 and a beta of 0.71. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The stock’s fifty day moving average price is $262.22 and its two-hundred day moving average price is $278.52.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share 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 analyst estimates of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.63 earnings per share. On average, equities research analysts predict that McDonald’s Co. will post 12.19 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a dividend of $1.67 per share. The ex-dividend date was Monday, June 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.67%. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Argus reissued a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. TD Cowen reissued a “buy” rating and set a $305.00 price target on shares of McDonald’s in a research report on Thursday, June 13th. JPMorgan Chase & Co. boosted their price target on McDonald’s from $290.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, June 3rd. KeyCorp dropped their price objective on McDonald’s from $315.00 to $310.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Finally, Guggenheim dropped their price objective on McDonald’s from $315.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday. Ten research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $313.89.

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.