Cohen Investment Advisors LLC Grows Stock Holdings in McDonald’s Corporation $MCD

Cohen Investment Advisors LLC grew its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,827 shares of the fast-food giant’s stock after buying an additional 295 shares during the quarter. McDonald’s accounts for 1.8% of Cohen Investment Advisors LLC’s portfolio, making the stock its 25th largest position. Cohen Investment Advisors LLC’s holdings in McDonald’s were worth $3,455,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Vontobel Holding Ltd. grew its stake in McDonald’s by 49.3% during the second quarter. Vontobel Holding Ltd. now owns 51,815 shares of the fast-food giant’s stock worth $15,139,000 after buying an additional 17,113 shares during the period. Windle Wealth LLC boosted its stake in shares of McDonald’s by 0.9% in the second quarter. Windle Wealth LLC now owns 25,775 shares of the fast-food giant’s stock valued at $7,531,000 after purchasing an additional 238 shares during the period. Maryland State Retirement & Pension System boosted its stake in shares of McDonald’s by 3.1% in the second quarter. Maryland State Retirement & Pension System now owns 34,745 shares of the fast-food giant’s stock valued at $10,151,000 after purchasing an additional 1,049 shares during the period. First Merchants Corp boosted its stake in shares of McDonald’s by 7.7% in the second quarter. First Merchants Corp now owns 24,097 shares of the fast-food giant’s stock valued at $7,040,000 after purchasing an additional 1,728 shares during the period. Finally, Clear Creek Financial Management LLC boosted its stake in shares of McDonald’s by 12.6% in the second quarter. Clear Creek Financial Management LLC now owns 2,465 shares of the fast-food giant’s stock valued at $720,000 after purchasing an additional 275 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MCD has been the subject of several analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of McDonald’s in a research note on Wednesday. Evercore ISI upped their target price on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Morgan Stanley upped their target price on shares of McDonald’s from $324.00 to $326.00 and gave the company an “equal weight” rating in a research note on Monday, July 14th. Melius initiated coverage on shares of McDonald’s in a research note on Monday, July 14th. They issued a “sell” rating and a $250.00 target price for the company. Finally, TD Cowen upped their price target on shares of McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a report on Wednesday, August 6th. Eleven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, McDonald’s currently has an average rating of “Hold” and a consensus price target of $324.73.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $294.44 on Thursday. The stock has a market capitalization of $210.11 billion, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 3.02 and a beta of 0.50. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The company’s fifty day moving average is $306.56 and its two-hundred day moving average is $305.94.

McDonald’s (NYSE:MCD) last issued its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.04. The company had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.97 earnings per share. Sell-side analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a dividend of $1.77 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.4%. McDonald’s’s dividend payout ratio is currently 60.67%.

Insider Activity

In other news, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the transaction, the executive vice president owned 99 shares in the company, valued at approximately $30,690. This represents a 90.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the transaction, the chief marketing officer owned 6,858 shares of the company’s stock, valued at $2,160,270. This represents a 12.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,402 shares of company stock worth $1,973,407 over the last ninety days. Insiders own 0.25% of the company’s stock.

McDonald’s 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.