Cohen Investment Advisors LLC Acquires 256,304 Shares of McDonald's Corporation (NYSE:MCD)

Cohen Investment Advisors LLC boosted its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 2,503.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 266,544 shares of the fast-food giant's stock after purchasing an additional 256,304 shares during the quarter. McDonald's accounts for approximately 2.2% of Cohen Investment Advisors LLC's holdings, making the stock its 16th biggest position. Cohen Investment Advisors LLC's holdings in McDonald's were worth $83,260,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in McDonald's by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after acquiring an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of McDonald's by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after purchasing an additional 52 shares during the period. Bank Pictet & Cie Europe AG raised its stake in shares of McDonald's by 15.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock valued at $60,722,000 after purchasing an additional 27,774 shares in the last quarter. GHE LLC raised its stake in shares of McDonald's by 0.9% in the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock valued at $4,255,000 after purchasing an additional 136 shares in the last quarter. Finally, Dynasty Wealth Management LLC lifted its position in McDonald's by 8.0% in the fourth quarter. Dynasty Wealth Management LLC now owns 2,461 shares of the fast-food giant's stock worth $713,000 after purchasing an additional 182 shares during the period. 70.29% of the stock is owned by institutional investors.

McDonald's Trading Up 1.8%

Shares of McDonald's stock traded up $5.40 during trading on Tuesday, reaching $297.57. The company's stock had a trading volume of 5,094,042 shares, compared to its average volume of 3,537,136. The stock has a 50-day moving average price of $307.49 and a two-hundred day moving average price of $302.45. The stock has a market capitalization of $212.77 billion, a P/E ratio of 26.26, a price-to-earnings-growth ratio of 3.05 and a beta of 0.53. McDonald's Corporation has a one year low of $243.53 and a one year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting the consensus estimate of $2.67. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The firm had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. During the same quarter last year, the company posted $2.70 EPS. The company's quarterly revenue was down 3.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.38%. The ex-dividend date was Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Insider Transactions at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total value of $270,920.28. Following the transaction, the insider directly owned 10,222 shares in the company, valued at approximately $2,949,251.44. This trade represents a 8.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders sold 2,817 shares of company stock worth $865,843. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MCD. Argus lowered shares of McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. BTIG Research reiterated a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. TD Securities reissued a "hold" rating and issued a $305.00 target price on shares of McDonald's in a research note on Thursday, June 5th. Citigroup raised their price target on shares of McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, Redburn Atlantic reaffirmed a "sell" rating and set a $260.00 price objective (down from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $321.17.

McDonald's Company Profile

McDonald's Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.