McDonald's Corporation (NYSE:MCD) Stock Position Raised by Cohen Investment Advisors LLC

Cohen Investment Advisors LLC lifted its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 12.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,532 shares of the fast-food giant's stock after acquiring an additional 1,292 shares during the quarter. McDonald's accounts for 2.1% of Cohen Investment Advisors LLC's portfolio, making the stock its 20th largest holding. Cohen Investment Advisors LLC's holdings in McDonald's were worth $3,602,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Mascagni Wealth Management Inc. bought a new stake in shares of McDonald's during the 4th quarter worth $25,000. Atala Financial Inc acquired a new stake in shares of McDonald's in the fourth quarter worth $26,000. Pinney & Scofield Inc. acquired a new stake in shares of McDonald's in the fourth quarter worth $29,000. Redmont Wealth Advisors LLC acquired a new stake in shares of McDonald's in the first quarter worth $31,000. Finally, Fairway Wealth LLC boosted its position in shares of McDonald's by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after buying an additional 55 shares during the period. 70.29% of the stock is owned by institutional investors.

McDonald's Stock Down 0.3%

Shares of MCD opened at $293.80 on Friday. McDonald's Corporation has a 12-month low of $243.53 and a 12-month high of $326.32. The firm has a market capitalization of $210.08 billion, a price-to-earnings ratio of 25.93, a P/E/G ratio of 3.08 and a beta of 0.53. The stock's 50-day moving average price is $306.57 and its 200 day moving average price is $302.37.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.67. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period in the previous year, the company posted $2.70 earnings per share. The company's quarterly revenue was down 3.5% compared to the same quarter last year. Equities research analysts expect that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Monday, June 2nd. McDonald's's payout ratio is 62.49%.

Analysts Set New Price Targets

Several brokerages have recently commented on MCD. Erste Group Bank cut McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $324.00 target price (down previously from $329.00) on shares of McDonald's in a research report on Monday, June 9th. BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Loop Capital cut McDonald's from a "buy" rating to a "hold" rating and decreased their target price for the stock from $346.00 to $315.00 in a research report on Friday, June 6th. Finally, Piper Sandler lifted their price objective on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $321.17.

Insiders Place Their Bets

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the sale, the insider directly owned 10,222 shares of the company's stock, valued at approximately $2,949,251.44. The trade was a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 2,817 shares of company stock worth $865,843 over the last 90 days. 0.25% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.