Hudson Valley Investment Advisors Inc. ADV Trims Stock Holdings in McDonald’s Co. (NYSE:MCD)

Hudson Valley Investment Advisors Inc. ADV lessened its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,274 shares of the fast-food giant’s stock after selling 162 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in McDonald’s were worth $5,396,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Mattern Capital Management LLC raised its stake in shares of McDonald’s by 2.0% during the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock worth $8,729,000 after purchasing an additional 579 shares during the last quarter. Bell Bank raised its stake in shares of McDonald’s by 3.0% during the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock worth $3,681,000 after purchasing an additional 371 shares during the last quarter. Integral Investment Advisors Inc. raised its stake in shares of McDonald’s by 2.6% during the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock worth $1,888,000 after purchasing an additional 164 shares during the last quarter. Aviva PLC raised its stake in shares of McDonald’s by 5.6% during the fourth quarter. Aviva PLC now owns 432,406 shares of the fast-food giant’s stock worth $125,350,000 after purchasing an additional 23,024 shares during the last quarter. Finally, APG Asset Management N.V. raised its stake in shares of McDonald’s by 1,547.1% during the fourth quarter. APG Asset Management N.V. now owns 641,950 shares of the fast-food giant’s stock worth $179,715,000 after purchasing an additional 602,976 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 0.5%

MCD opened at $307.44 on Friday. The firm has a market cap of $219.83 billion, a P/E ratio of 26.99, a PEG ratio of 3.10 and a beta of 0.56. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The business’s fifty day simple moving average is $312.29 and its 200 day simple moving average is $302.57.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting analysts’ consensus estimates of $2.67. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.70 earnings per share. As a group, equities analysts expect that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Monday, June 2nd. McDonald’s’s payout ratio is 62.49%.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the sale, the insider now directly owns 11,161 shares of the company’s stock, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MCD has been the subject of several analyst reports. Barclays upped their price target on McDonald’s from $347.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Morgan Stanley cut their price objective on McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research report on Monday, March 17th. Loop Capital cut McDonald’s from a “buy” rating to a “hold” rating and cut their price objective for the stock from $346.00 to $315.00 in a research report on Friday. JPMorgan Chase & Co. increased their price objective on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, TD Securities reiterated a “hold” rating and issued a $305.00 price objective on shares of McDonald’s in a research report on Thursday. Thirteen research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $324.96.

McDonald’s Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.