Pin Oak Investment Advisors Inc. Acquires 8,125 Shares of McDonald's Corporation (NYSE:MCD)

Key Points

• Pin Oak Investment Advisors Inc. significantly increased its stake in McDonald's Corporation by 3,263.1% in the first quarter, owning 8,374 shares valued at approximately $2.57 million.
• Insider selling activity included CMO Edith Morgan Flatley selling 1,000 shares for $300,000, indicating a 10.14% decrease in their position.
• Analysts have mixed opinions on McDonald's, with latest ratings showing prices targets ranging from $260.00 to $365.00, reflecting a cautious sentiment around the stock.

Pin Oak Investment Advisors Inc. raised its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 3,263.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 8,374 shares of the fast-food giant's stock after buying an additional 8,125 shares during the period. McDonald's comprises about 2.0% of Pin Oak Investment Advisors Inc.'s portfolio, making the stock its 13th largest holding. Pin Oak Investment Advisors Inc.'s holdings in McDonald's were worth $2,572,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of MCD. GAMMA Investing LLC increased its position in shares of McDonald's by 39,039.7% during the first quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock worth $1,092,645,000 after acquiring an additional 3,488,982 shares during the period. Castlekeep Investment Advisors LLC acquired a new stake in shares of McDonald's during the fourth quarter worth about $350,935,000. Northern Trust Corp raised its holdings in McDonald's by 11.2% during the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock worth $2,570,511,000 after purchasing an additional 895,896 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of McDonald's by 24.4% during the 4th quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant's stock valued at $1,175,326,000 after acquiring an additional 794,536 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of McDonald's during the 4th quarter valued at approximately $211,824,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on MCD shares. Argus cut shares of McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Barclays lifted their price target on shares of McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Robert W. Baird lifted their target price on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Redburn Atlantic restated a "sell" rating and set a $260.00 target price (down previously from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Finally, Morgan Stanley lifted their target price on shares of McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $322.00.

McDonald's Stock Up 0.3%

McDonald's stock traded up $0.94 during midday trading on Wednesday, hitting $303.61. 2,803,110 shares of the stock were exchanged, compared to its average volume of 3,598,032. The company has a fifty day simple moving average of $300.22 and a two-hundred day simple moving average of $303.25. McDonald's Corporation has a 52 week low of $262.40 and a 52 week high of $326.32. The stock has a market capitalization of $217.09 billion, a PE ratio of 26.80, a P/E/G ratio of 3.13 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the previous year, the firm posted $2.70 earnings per share. The business's revenue was down 3.5% on a year-over-year basis. As a group, equities research 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 will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.33%. McDonald's's dividend payout ratio is currently 62.49%.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the transaction, the insider owned 9,283 shares of the company's stock, valued at approximately $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at $2,657,400. This trade represents a 10.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,817 shares of company stock worth $1,147,992. Corporate insiders own 0.25% of the company's stock.

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.