Central Valley Advisors LLC Has $847,000 Stake in McDonald's Co. (NYSE:MCD)

Central Valley Advisors LLC trimmed its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 26.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,711 shares of the fast-food giant's stock after selling 999 shares during the period. Central Valley Advisors LLC's holdings in McDonald's were worth $847,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MCD. Norges Bank purchased a new stake in shares of McDonald's during the fourth quarter valued at $2,725,190,000. GAMMA Investing LLC increased its stake in McDonald's by 39,039.7% in the 1st quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock worth $1,092,645,000 after purchasing an additional 3,488,982 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in McDonald's during the 4th quarter worth about $703,074,000. Castlekeep Investment Advisors LLC purchased a new stake in McDonald's during the fourth quarter valued at about $350,935,000. Finally, Northern Trust Corp lifted its stake in McDonald's by 11.2% during the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock valued at $2,570,511,000 after buying an additional 895,896 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total transaction of $299,071.50. Following the completion of the transaction, the insider now owns 12,100 shares in the company, valued at $3,853,850. This trade represents a 7.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is owned by company insiders.

McDonald's Stock Performance

Shares of MCD traded down $4.53 during trading hours on Tuesday, reaching $300.25. 4,696,045 shares of the company traded hands, compared to its average volume of 3,504,504. The stock's fifty day moving average is $312.15 and its 200 day moving average is $302.86. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The stock has a market cap of $214.69 billion, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting the consensus estimate of $2.67. The company 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%. McDonald's's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.70 EPS. On average, equities research analysts predict that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald's's payout ratio is 62.49%.

Analyst Ratings Changes

Several equities research analysts recently commented on MCD shares. KeyCorp upped their price target on shares of McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Bank of America raised their target price on McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 11th. TD Securities reissued a "hold" rating and set a $305.00 price target on shares of McDonald's in a research report on Thursday, June 5th. Redburn Atlantic reaffirmed a "sell" rating and set a $260.00 target price (down previously from $319.00) on shares of McDonald's in a research note on Tuesday. Finally, Barclays increased their price target on shares of McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $321.79.

McDonald's Company 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.