David J Yvars Group Sells 70 Shares of McDonald’s Co. (NYSE:MCD)

David J Yvars Group cut its stake in McDonald’s Co. (NYSE:MCD) by 7.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 872 shares of the fast-food giant’s stock after selling 70 shares during the period. David J Yvars Group’s holdings in McDonald’s were worth $266,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Quent Capital LLC boosted its position in McDonald’s by 10.4% during the first quarter. Quent Capital LLC now owns 3,006 shares of the fast-food giant’s stock valued at $848,000 after buying an additional 282 shares during the period. Advisory Alpha LLC grew its position in McDonald’s by 63.8% during the 1st quarter. Advisory Alpha LLC now owns 4,787 shares of the fast-food giant’s stock worth $1,350,000 after acquiring an additional 1,865 shares during the last quarter. MGB Wealth Management LLC increased its stake in McDonald’s by 9.2% in the 1st quarter. MGB Wealth Management LLC now owns 4,705 shares of the fast-food giant’s stock worth $1,327,000 after purchasing an additional 395 shares during the period. CFO4Life Group LLC lifted its position in McDonald’s by 55.4% in the first quarter. CFO4Life Group LLC now owns 2,907 shares of the fast-food giant’s stock valued at $820,000 after purchasing an additional 1,036 shares during the last quarter. Finally, Duality Advisers LP purchased a new stake in shares of McDonald’s during the first quarter valued at approximately $4,977,000. Institutional investors own 70.29% of the company’s stock.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the sale, the insider now directly owns 12,583 shares in the company, valued at $3,632,712.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total value of $428,967.28. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $446,721.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the sale, the insider now directly owns 12,583 shares of the company’s stock, valued at $3,632,712.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,596 shares of company stock valued at $10,698,289 over the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MCD. Jefferies Financial Group lifted their target price on shares of McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Evercore ISI boosted their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Loop Capital reiterated a “buy” rating on shares of McDonald’s in a report on Friday, October 18th. Wedbush restated an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a report on Wednesday, October 23rd. Finally, Barclays lifted their price objective on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $319.46.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $294.00 on Thursday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The firm’s 50-day moving average is $298.74 and its 200 day moving average is $276.35. The stock has a market cap of $210.90 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 3.89 and a beta of 0.74.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 178.99%. The firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the prior year, the company posted $3.19 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities analysts expect that McDonald’s Co. will post 11.77 EPS for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $1.77 dividend. The ex-dividend date is Monday, December 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.41%. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s payout ratio is currently 62.16%.

About McDonald’s

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.