McDonald’s Co. (NYSE:MCD) Shares Acquired by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp raised its position in McDonald’s Co. (NYSE:MCD) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,197 shares of the fast-food giant’s stock after buying an additional 94 shares during the period. UNIVEST FINANCIAL Corp’s holdings in McDonald’s were worth $355,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signature Resources Capital Management LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $31,000. Blue Bell Private Wealth Management LLC raised its holdings in McDonald’s by 51.9% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after buying an additional 42 shares during the period. Spartan Planning & Wealth Management acquired a new position in shares of McDonald’s in the 3rd quarter worth approximately $33,000. Keener Financial Planning LLC purchased a new position in shares of McDonald’s during the 4th quarter worth approximately $39,000. Finally, Bear Mountain Capital Inc. acquired a new stake in McDonald’s in the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 0.7 %

Shares of NYSE MCD traded down $1.80 on Tuesday, hitting $267.50. The company had a trading volume of 3,140,860 shares, compared to its average volume of 3,309,656. The business has a 50 day moving average of $278.97 and a two-hundred day moving average of $282.83. The firm has a market capitalization of $192.87 billion, a P/E ratio of 22.86, a PEG ratio of 3.01 and a beta of 0.71. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm earned $2.63 EPS. On average, sell-side analysts anticipate that McDonald’s Co. will post 12.18 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s payout ratio is currently 56.71%.

Insider Activity

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MCD shares. TD Cowen reaffirmed a “buy” rating and issued a $305.00 price objective on shares of McDonald’s in a research note on Tuesday, April 30th. Argus reissued a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. UBS Group cut their target price on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Royal Bank of Canada decreased their price target on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research report on Tuesday, February 6th. Finally, BMO Capital Markets reduced their price target on McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $317.74.

McDonald’s Company 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.