Guyasuta Investment Advisors Inc. Purchases 1,162 Shares of McDonald's Corporation (NYSE:MCD)

Guyasuta Investment Advisors Inc. increased its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 1.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 105,420 shares of the fast-food giant's stock after acquiring an additional 1,162 shares during the quarter. McDonald's makes up about 2.2% of Guyasuta Investment Advisors Inc.'s holdings, making the stock its 15th largest position. Guyasuta Investment Advisors Inc.'s holdings in McDonald's were worth $32,930,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Bell Bank lifted its holdings in 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 acquiring an additional 371 shares during the period. Integral Investment Advisors Inc. raised its stake in shares of McDonald's by 2.6% in the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock valued at $1,888,000 after buying an additional 164 shares during the period. Aviva PLC lifted its position in shares of McDonald's by 5.6% during the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant's stock valued at $125,350,000 after buying an additional 23,024 shares during the last quarter. Sagespring Wealth Partners LLC lifted its position in shares of McDonald's by 22.9% during the 1st quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant's stock valued at $5,381,000 after buying an additional 3,212 shares during the last quarter. Finally, Great Waters Wealth Management purchased a new position in shares of McDonald's during the 1st quarter valued at $864,000. 70.29% of the stock is currently owned by institutional investors.

McDonald's Price Performance

NYSE MCD traded up $1.96 during trading on Monday, reaching $289.42. The company's stock had a trading volume of 4,915,295 shares, compared to its average volume of 3,516,904. The stock has a market capitalization of $206.94 billion, a PE ratio of 25.54, a P/E/G ratio of 3.00 and a beta of 0.56. The firm has a fifty day moving average of $310.55 and a 200 day moving average of $302.86. McDonald's Corporation has a one year low of $243.53 and a one year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its 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 analyst estimates of $6.17 billion. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The company's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.70 EPS. Research analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $1.77 dividend. The ex-dividend date was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.45%. McDonald's's dividend payout ratio is currently 62.49%.

Analyst Ratings Changes

A number of research analysts have recently commented on MCD shares. Loop Capital cut McDonald's from a "buy" rating to a "hold" rating and dropped their price target for the company from $346.00 to $315.00 in a research report on Friday, June 6th. BMO Capital Markets reaffirmed an "outperform" rating and set a $345.00 price target (up previously from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Barclays upped their price target on McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Piper Sandler upped their price target on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Finally, Citigroup upped their price target on McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, McDonald's currently has a consensus rating of "Hold" and an average target price of $321.79.

Insiders Place Their Bets

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $288.52, for a total value of $270,920.28. Following the transaction, the insider now directly owns 10,222 shares in the company, valued at $2,949,251.44. This represents a 8.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 2,817 shares of company stock worth $865,843 in the last ninety days. 0.25% of the stock is currently owned by insiders.

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.