Hudson Valley Investment Advisors Inc. ADV Has $768,000 Stake in McDonald’s Corporation (MCD)

Hudson Valley Investment Advisors Inc. ADV held its stake in shares of McDonald’s Corporation (NYSE:MCD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,014 shares of the fast-food giant’s stock at the end of the second quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in McDonald’s Corporation were worth $768,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Zions Bancorporation raised its stake in shares of McDonald’s Corporation by 0.6% in the fourth quarter. Zions Bancorporation now owns 1,069 shares of the fast-food giant’s stock worth $130,000 after buying an additional 6 shares in the last quarter. Diversified Trust Co boosted its position in shares of McDonald’s Corporation by 0.3% in the first quarter. Diversified Trust Co now owns 1,986 shares of the fast-food giant’s stock worth $257,000 after buying an additional 6 shares during the last quarter. D Orazio & Associates Inc. boosted its position in shares of McDonald’s Corporation by 0.7% in the fourth quarter. D Orazio & Associates Inc. now owns 1,090 shares of the fast-food giant’s stock worth $133,000 after buying an additional 8 shares during the last quarter. Catawba Capital Management VA boosted its position in shares of McDonald’s Corporation by 0.3% in the first quarter. Catawba Capital Management VA now owns 2,950 shares of the fast-food giant’s stock worth $382,000 after buying an additional 9 shares during the last quarter. Finally, Van Cleef Asset Management Inc boosted its position in shares of McDonald’s Corporation by 0.4% in the first quarter. Van Cleef Asset Management Inc now owns 2,550 shares of the fast-food giant’s stock worth $331,000 after buying an additional 11 shares during the last quarter. 68.20% of the stock is owned by institutional investors and hedge funds.

McDonald’s Corporation (MCD) traded down 0.08% during mid-day trading on Friday, reaching $157.76. 2,595,695 shares of the company’s stock were exchanged. The stock has a market cap of $127.78 billion, a price-to-earnings ratio of 25.82 and a beta of 0.70. McDonald’s Corporation has a 52-week low of $110.33 and a 52-week high of $159.98. The company has a 50-day moving average of $155.41 and a 200-day moving average of $141.89.

McDonald’s Corporation (NYSE:MCD) last posted its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.08. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The company’s revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the company earned $1.45 earnings per share. Equities research analysts anticipate that McDonald’s Corporation will post $6.54 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be paid a $0.94 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $3.76 annualized dividend and a dividend yield of 2.38%. McDonald’s Corporation’s payout ratio is 61.54%.

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A number of equities analysts have issued reports on the stock. BidaskClub raised shares of McDonald’s Corporation from a “hold” rating to a “buy” rating in a research note on Monday. Bank of America Corporation reaffirmed a “buy” rating and issued a $175.00 price objective on shares of McDonald’s Corporation in a research note on Monday. Vetr raised shares of McDonald’s Corporation from a “sell” rating to a “hold” rating and set a $159.47 price objective on the stock in a research note on Thursday, August 3rd. Zacks Investment Research cut shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $170.00 price objective on shares of McDonald’s Corporation in a research note on Friday, July 28th. Twelve equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. McDonald’s Corporation has a consensus rating of “Buy” and a consensus price target of $162.16.

In other news, insider Douglas M. Goare sold 17,286 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total value of $2,739,831.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Ogden Fairhurst sold 4,782 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $157.05, for a total transaction of $751,013.10. Following the completion of the transaction, the executive vice president now owns 6,954 shares of the company’s stock, valued at $1,092,125.70. The disclosure for this sale can be found here. Insiders sold 69,938 shares of company stock valued at $11,033,009 in the last quarter. Corporate insiders own 0.24% of the company’s stock.

About McDonald’s Corporation

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

Institutional Ownership by Quarter for McDonald`s Corporation (NYSE:MCD)

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