Hudson Valley Investment Advisors Inc. ADV Sells 162 Shares of McDonald’s Co. (NYSE:MCD)

Hudson Valley Investment Advisors Inc. ADV lowered its position in shares of McDonald’s Co. (NYSE:MCD) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,436 shares of the fast-food giant’s stock after selling 162 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in McDonald’s were worth $5,055,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MCD. Legacy Investment Solutions LLC bought a new stake in McDonald’s in the third quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC bought a new stake in McDonald’s during the 3rd quarter valued at approximately $31,000. Hara Capital LLC purchased a new position in shares of McDonald’s during the 3rd quarter worth approximately $44,000. Peterson Financial Group Inc. purchased a new position in shares of McDonald’s in the 3rd quarter valued at approximately $58,000. Finally, FSA Wealth Management LLC purchased a new position in McDonald’s during the third quarter valued at $72,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Down 0.9 %

Shares of MCD stock opened at $286.79 on Friday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock has a market cap of $205.52 billion, a P/E ratio of 25.18, a P/E/G ratio of 3.95 and a beta of 0.73. The company has a 50 day simple moving average of $294.20 and a two-hundred day simple moving average of $285.92.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period in the prior year, the business posted $3.19 EPS. McDonald’s’s revenue was up 2.7% on a year-over-year basis. As a group, equities analysts forecast that McDonald’s Co. will post 11.75 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 2,346 shares of McDonald’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the transaction, the chief marketing officer now owns 2,905 shares in the company, valued at approximately $900,550. This trade represents a 44.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,050 shares of company stock worth $3,556,688 over the last quarter. 0.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays upped their price target on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. UBS Group increased their target price on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Argus raised McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Truist Financial dropped their price target on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, TD Cowen restated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research note on Tuesday, October 29th. Eleven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $320.65.

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.