Great Valley Advisor Group Inc. Has $18.06 Million Stake in McDonald's Co. (NYSE:MCD)

Great Valley Advisor Group Inc. raised its stake in McDonald's Co. (NYSE:MCD - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,311 shares of the fast-food giant's stock after purchasing an additional 1,184 shares during the period. Great Valley Advisor Group Inc.'s holdings in McDonald's were worth $18,063,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MCD. Atala Financial Inc bought a new stake in shares of McDonald's in the fourth quarter worth $26,000. Comprehensive Financial Planning Inc. PA bought a new position in McDonald's during the 4th quarter valued at $27,000. Collier Financial purchased a new stake in McDonald's in the 4th quarter valued at about $29,000. Pinney & Scofield Inc. purchased a new stake in shares of McDonald's during the fourth quarter valued at approximately $29,000. Finally, Fairway Wealth LLC raised its stake in shares of McDonald's by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after purchasing an additional 55 shares during the period. 70.29% of the stock is owned by institutional investors.

McDonald's Stock Performance

Shares of NYSE MCD traded up $2.22 during midday trading on Friday, hitting $314.08. The company's stock had a trading volume of 1,326,222 shares, compared to its average volume of 3,516,012. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The firm's fifty day moving average price is $312.27 and its 200-day moving average price is $301.89. The firm has a market cap of $224.57 billion, a P/E ratio of 27.59, a P/E/G ratio of 3.10 and a beta of 0.57.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts' consensus estimates of $2.67. The business had revenue of $5.96 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.70 EPS. As a group, research analysts predict that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors 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 yield of 2.25%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald's's payout ratio is currently 62.49%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MCD shares. BMO Capital Markets reiterated an "outperform" rating and issued a $345.00 price objective (up from $340.00) on shares of McDonald's in a research note on Monday, May 5th. TD Securities reissued a "hold" rating and issued a $300.00 price target on shares of McDonald's in a research note on Monday, February 10th. BTIG Research restated a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. Citigroup raised their price target on shares of McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Piper Sandler upped their target price on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Twelve analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $325.91.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the completion of the sale, the insider now directly owns 11,161 shares in the company, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.25% of the company's stock.

About McDonald's

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.