L.M. Kohn & Company Has $1.94 Million Holdings in McDonald's Corporation (NYSE:MCD)

L.M. Kohn & Company grew its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 20.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,213 shares of the fast-food giant's stock after purchasing an additional 1,054 shares during the period. L.M. Kohn & Company's holdings in McDonald's were worth $1,941,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Granite Bay Wealth Management LLC lifted its position in McDonald's by 3.5% in the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock worth $309,000 after buying an additional 33 shares in the last quarter. CVA Family Office LLC increased its stake in shares of McDonald's by 1.9% in the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after acquiring an additional 33 shares during the last quarter. Consilium Wealth Advisory LLC raised its holdings in shares of McDonald's by 2.5% during the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock worth $417,000 after acquiring an additional 33 shares in the last quarter. Northeast Financial Consultants Inc raised its holdings in shares of McDonald's by 0.5% during the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock worth $2,170,000 after acquiring an additional 34 shares in the last quarter. Finally, Tealwood Asset Management Inc. boosted its position in McDonald's by 0.4% during the first quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant's stock valued at $2,535,000 after purchasing an additional 34 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on MCD shares. Truist Financial set a $350.00 target price on McDonald's in a research report on Friday, May 2nd. Loop Capital cut McDonald's from a "buy" rating to a "hold" rating and lowered their price target for the company from $346.00 to $315.00 in a research note on Friday, June 6th. Piper Sandler raised their price objective on shares of McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Morgan Stanley reiterated an "equal weight" rating and issued a $324.00 target price (down from $329.00) on shares of McDonald's in a research note on Monday, June 9th. Finally, TD Securities restated a "hold" rating and set a $305.00 price target on shares of McDonald's in a research note on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $321.79.

Insider Buying and Selling at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the sale, the insider now owns 11,161 shares in the company, valued at $3,516,496.27. The trade was a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.25% of the company's stock.

McDonald's Price Performance

NYSE:MCD opened at $289.24 on Friday. McDonald's Corporation has a one year low of $243.53 and a one year high of $326.32. The company has a fifty day moving average price of $311.02 and a 200 day moving average price of $302.84. The stock has a market cap of $206.81 billion, a P/E ratio of 25.53, a PEG ratio of 3.02 and a beta of 0.56.

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 (EPS) for the quarter, hitting 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 company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the previous year, the firm posted $2.70 EPS. The business's revenue was down 3.5% compared to the same quarter last year. As a group, equities research analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $1.77 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.45%. McDonald's's dividend payout ratio (DPR) is 62.49%.

About McDonald's

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.

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