McDonald’s Co. (NYSE:MCD) Shares Sold by Valley Brook Capital Group Inc.

Valley Brook Capital Group Inc. reduced its stake in McDonald’s Co. (NYSE:MCD) by 2.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,740 shares of the fast-food giant’s stock after selling 145 shares during the period. McDonald’s comprises about 1.5% of Valley Brook Capital Group Inc.’s holdings, making the stock its 16th biggest position. Valley Brook Capital Group Inc.’s holdings in McDonald’s were worth $2,052,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Quent Capital LLC raised its stake in shares of McDonald’s by 10.4% in the first quarter. Quent Capital LLC now owns 3,006 shares of the fast-food giant’s stock worth $848,000 after purchasing an additional 282 shares during the last quarter. Advisory Alpha LLC raised its position in McDonald’s by 63.8% during the 1st quarter. Advisory Alpha LLC now owns 4,787 shares of the fast-food giant’s stock worth $1,350,000 after buying an additional 1,865 shares during the last quarter. MGB Wealth Management LLC lifted its stake in McDonald’s by 9.2% during the 1st quarter. MGB Wealth Management LLC now owns 4,705 shares of the fast-food giant’s stock valued at $1,327,000 after acquiring an additional 395 shares during the period. CFO4Life Group LLC lifted its stake in McDonald’s by 55.4% during the 1st quarter. CFO4Life Group LLC now owns 2,907 shares of the fast-food giant’s stock valued at $820,000 after acquiring an additional 1,036 shares during the period. Finally, Duality Advisers LP purchased a new stake in shares of McDonald’s in the 1st quarter valued at $4,977,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the sale, the insider now owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total transaction of $316,992.60. Following the sale, the insider now owns 12,583 shares of the company’s stock, valued at $3,632,712.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Edith Morgan Flatley sold 2,346 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $310.00, for a total value of $727,260.00. Following the completion of the transaction, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at $900,550. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,596 shares of company stock worth $10,698,289 over the last 90 days. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on MCD. The Goldman Sachs Group boosted their target price on shares of McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft lowered their price target on McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Citigroup upped their target price on McDonald’s from $301.00 to $317.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. UBS Group upped their price target on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, Truist Financial lowered their price objective on McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Thirteen investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, McDonald’s has an average rating of “Moderate Buy” and an average target price of $319.46.

McDonald’s Stock Up 0.6 %

McDonald’s stock traded up $1.72 during trading on Thursday, reaching $295.72. The stock had a trading volume of 312,517 shares, compared to its average volume of 3,513,978. The stock has a market cap of $212.13 billion, a PE ratio of 25.81, a P/E/G ratio of 3.89 and a beta of 0.74. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The business has a 50 day moving average price of $298.74 and a 200 day moving average price of $276.35.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 178.99%. The firm had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the prior year, the business earned $3.19 EPS. McDonald’s’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts predict that McDonald’s Co. will post 11.77 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.39%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. McDonald’s’s payout ratio is 62.16%.

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.