McDonald’s Co. (NYSE:MCD) Shares Acquired by Cornell Pochily Investment Advisors Inc.

Cornell Pochily Investment Advisors Inc. increased its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,419 shares of the fast-food giant’s stock after acquiring an additional 120 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in McDonald’s were worth $1,607,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MCD. Blue Bell Private Wealth Management LLC lifted its position in shares of McDonald’s by 51.9% in the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after acquiring an additional 42 shares in the last quarter. Spartan Planning & Wealth Management purchased a new position in shares of McDonald’s in the third quarter valued at approximately $33,000. Retirement Group LLC purchased a new position in shares of McDonald’s in the fourth quarter valued at approximately $37,000. Authentikos Wealth Advisory LLC purchased a new position in shares of McDonald’s in the third quarter valued at approximately $45,000. Finally, Compass Wealth Management LLC acquired a new stake in shares of McDonald’s in the fourth quarter valued at approximately $45,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MCD shares. Oppenheimer reissued a “market perform” rating on shares of McDonald’s in a research note on Friday, January 5th. Citigroup cut their target price on McDonald’s from $327.00 to $310.00 and set a “neutral” rating for the company in a research note on Tuesday, February 6th. BMO Capital Markets raised their target price on McDonald’s from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Thursday, December 7th. Barclays dropped their price objective on McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research note on Tuesday, February 6th. Finally, StockNews.com cut McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $320.60.

McDonald’s Trading Up 0.2 %

Shares of NYSE MCD traded up $0.65 during trading hours on Thursday, reaching $282.67. The stock had a trading volume of 759,282 shares, compared to its average volume of 3,143,587. The firm has a market cap of $204.10 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 3.01 and a beta of 0.72. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The firm has a 50-day moving average of $290.82 and a 200-day moving average of $280.92.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.83 by $0.12. The firm had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.59 EPS. On average, equities analysts predict that McDonald’s Co. will post 12.38 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is 57.74%.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.27% of the company’s stock.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.