McDonald’s Co. (NYSE:MCD) Shares Sold by Dover Advisors LLC

Dover Advisors LLC lowered its position in McDonald’s Co. (NYSE:MCD) by 35.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,943 shares of the fast-food giant’s stock after selling 1,079 shares during the quarter. Dover Advisors LLC’s holdings in McDonald’s were worth $576,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Roffman Miller Associates Inc. PA boosted its holdings in McDonald’s by 1.7% in the fourth quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock valued at $46,179,000 after acquiring an additional 2,546 shares during the last quarter. Shulman DeMeo Asset Management LLC raised its position in McDonald’s by 12.2% in the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock valued at $312,000 after purchasing an additional 114 shares during the period. Beaumont Financial Advisors LLC raised its position in McDonald’s by 0.6% in the third quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock valued at $21,191,000 after purchasing an additional 450 shares during the period. First National Bank of Mount Dora Trust Investment Services raised its position in McDonald’s by 2.8% in the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock valued at $3,269,000 after purchasing an additional 301 shares during the period. Finally, Mengis Capital Management Inc. raised its position in McDonald’s by 7.9% in the third quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock valued at $1,191,000 after purchasing an additional 331 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

MCD stock traded down $2.51 on Friday, reaching $273.09. The company’s stock had a trading volume of 3,636,458 shares, compared to its average volume of 3,338,426. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The company has a market capitalization of $196.90 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 2.98 and a beta of 0.71. The firm has a fifty day moving average of $281.68 and a two-hundred day moving average of $281.96.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. The firm had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the company posted $2.59 EPS. As a group, equities analysts expect that McDonald’s Co. will post 12.34 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.45%. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on MCD. Erste Group Bank reissued a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. Royal Bank of Canada cut their price objective on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th. BTIG Research lowered McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Robert W. Baird reaffirmed an “outperform” rating and set a $315.00 target price on shares of McDonald’s in a research report on Tuesday, February 6th. Finally, Argus reaffirmed a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Nine research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $318.41.

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.