McDonald’s Corporation $MCD Shares Acquired by Cornell Pochily Investment Advisors Inc.

Cornell Pochily Investment Advisors Inc. lifted its stake in shares of McDonald’s Corporation (NYSE:MCD) by 4.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,248 shares of the fast-food giant’s stock after purchasing an additional 254 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in McDonald’s were worth $1,826,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MCD. Brighton Jones LLC boosted its holdings in shares of McDonald’s by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after acquiring an additional 1,649 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of McDonald’s by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after purchasing an additional 52 shares during the period. Quotient Wealth Partners LLC lifted its holdings in shares of McDonald’s by 10.9% during the first quarter. Quotient Wealth Partners LLC now owns 2,616 shares of the fast-food giant’s stock worth $817,000 after purchasing an additional 258 shares during the period. Clare Market Investments LLC lifted its holdings in shares of McDonald’s by 14.8% during the first quarter. Clare Market Investments LLC now owns 1,987 shares of the fast-food giant’s stock worth $621,000 after purchasing an additional 256 shares during the period. Finally, Matrix Trust Co lifted its holdings in shares of McDonald’s by 1.1% during the first quarter. Matrix Trust Co now owns 7,571 shares of the fast-food giant’s stock worth $2,365,000 after purchasing an additional 86 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Trading Down 0.1%

McDonald’s stock opened at $300.09 on Friday. The stock has a market cap of $214.15 billion, a PE ratio of 25.71, a P/E/G ratio of 3.06 and a beta of 0.50. The stock has a 50-day moving average price of $306.88 and a 200 day moving average price of $306.19. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.04. The firm had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.97 EPS. On average, equities analysts predict 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 Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Tuesday, September 2nd. McDonald’s’s dividend payout ratio (DPR) is currently 60.67%.

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president owned 8,754 shares in the company, valued at approximately $2,713,740. This trade represents a 22.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the sale, the chief marketing officer directly owned 6,858 shares in the company, valued at approximately $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,402 shares of company stock worth $2,273,407. 0.25% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on MCD. Stifel Nicolaus increased their price objective on McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a research report on Friday, August 22nd. Piper Sandler increased their price objective on McDonald’s from $314.00 to $325.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Bank of America cut their price objective on McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a research report on Friday, July 18th. Redburn Atlantic reiterated a “sell” rating and issued a $260.00 price objective (down previously from $319.00) on shares of McDonald’s in a research report on Tuesday, June 10th. Finally, TD Securities reiterated a “hold” rating and issued a $305.00 price objective on shares of McDonald’s in a research report on Thursday, June 5th. Eleven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $325.86.

McDonald’s Company 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.