Waverly Advisors LLC Has $4.07 Million Holdings in McDonald’s Co. (NYSE:MCD)

Waverly Advisors LLC raised its position in McDonald’s Co. (NYSE:MCD) by 161.3% during the first quarter, Holdings Channel reports. The institutional investor owned 14,438 shares of the fast-food giant’s stock after buying an additional 8,912 shares during the quarter. Waverly Advisors LLC’s holdings in McDonald’s were worth $4,071,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Kinloch Capital LLC lifted its position in McDonald’s by 5.2% during the first quarter. Kinloch Capital LLC now owns 12,855 shares of the fast-food giant’s stock worth $3,624,000 after acquiring an additional 632 shares during the last quarter. Lavaca Capital LLC lifted its holdings in McDonald’s by 28.5% in the first quarter. Lavaca Capital LLC now owns 1,335 shares of the fast-food giant’s stock valued at $376,000 after buying an additional 296 shares during the period. Ascent Group LLC raised its holdings in shares of McDonald’s by 25.6% in the 1st quarter. Ascent Group LLC now owns 22,020 shares of the fast-food giant’s stock worth $6,209,000 after acquiring an additional 4,485 shares during the last quarter. SVB Wealth LLC grew its position in shares of McDonald’s by 1.5% during the 1st quarter. SVB Wealth LLC now owns 50,823 shares of the fast-food giant’s stock valued at $14,329,000 after acquiring an additional 750 shares during the period. Finally, Mount Yale Investment Advisors LLC lifted its stake in shares of McDonald’s by 43.4% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 3,075 shares of the fast-food giant’s stock valued at $867,000 after buying an additional 931 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction dated 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 directly owns 1,560 shares in the company, valued at approximately $387,285.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the transaction, the insider now directly owns 15,878 shares of the company’s stock, valued at $4,209,734.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $387,285.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,594 shares of company stock valued at $1,454,507. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Up 1.9 %

Shares of NYSE MCD traded up $4.94 during mid-day trading on Tuesday, reaching $266.36. 3,216,682 shares of the company were exchanged, compared to its average volume of 3,515,612. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $302.39. The stock has a market capitalization of $191.96 billion, a P/E ratio of 22.46, a P/E/G ratio of 2.92 and a beta of 0.71. The company’s 50-day simple moving average is $255.32 and its 200-day simple moving average is $273.29.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The firm had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $3.17 EPS. As a group, equities research analysts expect that McDonald’s Co. will post 12.05 EPS for the current year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Tuesday, September 3rd. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. TD Cowen reissued a “buy” rating and issued a $285.00 price target on shares of McDonald’s in a report on Monday. Citigroup lowered their target price on shares of McDonald’s from $280.00 to $275.00 and set a “neutral” rating on the stock in a report on Tuesday. Robert W. Baird cut their price target on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. UBS Group decreased their price target on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Finally, Bank of America decreased their price objective on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a research note on Tuesday. Ten equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $302.82.

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.