Guyasuta Investment Advisors Inc. Sells 352 Shares of McDonald’s Co. (NYSE:MCD)

Guyasuta Investment Advisors Inc. lessened its holdings in McDonald’s Co. (NYSE:MCD) by 0.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 108,014 shares of the fast-food giant’s stock after selling 352 shares during the period. McDonald’s makes up about 2.2% of Guyasuta Investment Advisors Inc.’s investment portfolio, making the stock its 16th largest position. Guyasuta Investment Advisors Inc.’s holdings in McDonald’s were worth $32,027,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. LaSalle St. Investment Advisors LLC increased its position in McDonald’s by 3.0% during the third quarter. LaSalle St. Investment Advisors LLC now owns 1,660 shares of the fast-food giant’s stock valued at $437,000 after acquiring an additional 48 shares during the last quarter. Westfield Capital Management Co. LP increased its position in McDonald’s by 7.4% during the third quarter. Westfield Capital Management Co. LP now owns 18,454 shares of the fast-food giant’s stock valued at $4,862,000 after acquiring an additional 1,277 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of McDonald’s during the third quarter valued at $6,283,000. Private Advisory Group LLC purchased a new stake in shares of McDonald’s during the third quarter valued at $229,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of McDonald’s by 16.2% during the third quarter. Tower Research Capital LLC TRC now owns 30,093 shares of the fast-food giant’s stock valued at $7,928,000 after purchasing an additional 4,197 shares during the period. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the transaction, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the sale, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the completion of the sale, the insider now directly owns 15,878 shares of the company’s stock, valued at $4,209,734.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,095 shares of company stock worth $1,100,625. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on MCD shares. Erste Group Bank reissued a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Bank of America lowered their price objective on shares of McDonald’s from $302.00 to $288.00 and set a “neutral” rating for the company in a research note on Tuesday, May 28th. Truist Financial lowered their price objective on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Argus reaffirmed a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Finally, UBS Group lowered their price objective on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $315.14.

McDonald’s Stock Performance

Shares of NYSE:MCD traded down $3.38 during midday trading on Friday, reaching $254.79. 8,958,154 shares of the company’s stock traded hands, compared to its average volume of 3,430,142. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The company has a market cap of $183.62 billion, a P/E ratio of 21.63, a PEG ratio of 2.90 and a beta of 0.71. The company has a fifty day simple moving average of $263.31 and a two-hundred day simple moving average of $279.28.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.63 EPS. As a group, research analysts forecast that McDonald’s Co. will post 12.19 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a $1.67 dividend. The ex-dividend date was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.62%. McDonald’s’s payout ratio is currently 56.71%.

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.