McDonald’s Co. (NYSE:MCD) Shares Sold by Arthur M. Cohen & Associates LLC

Arthur M. Cohen & Associates LLC cut its holdings in McDonald’s Co. (NYSE:MCD) by 16.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 6,082 shares of the fast-food giant’s stock after selling 1,238 shares during the period. Arthur M. Cohen & Associates LLC’s holdings in McDonald’s were worth $1,900,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MCD. Brighton Jones LLC lifted its position in McDonald’s by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after purchasing an additional 1,649 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in McDonald’s in the 4th quarter valued at about $64,805,000. Revolve Wealth Partners LLC lifted its position in McDonald’s by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after purchasing an additional 52 shares during the last quarter. Avitas Wealth Management LLC lifted its position in McDonald’s by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 21,656 shares of the fast-food giant’s stock valued at $6,278,000 after purchasing an additional 123 shares during the last quarter. Finally, Cassia Capital Partners LLC lifted its position in McDonald’s by 44.3% in the 4th quarter. Cassia Capital Partners LLC now owns 2,985 shares of the fast-food giant’s stock valued at $865,000 after purchasing an additional 917 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. KeyCorp lifted their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Citigroup increased their price objective on shares of McDonald’s from $353.00 to $364.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Truist Financial set a $350.00 price objective on shares of McDonald’s in a research note on Friday, May 2nd. Morgan Stanley cut their target price on McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research report on Monday, March 17th. Finally, Robert W. Baird lifted their price target on McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Twelve analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $325.91.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the completion of the sale, the insider now directly owns 11,161 shares in the company, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.25% of the stock is owned by corporate insiders.

McDonald’s Stock Performance

McDonald’s stock opened at $311.70 on Thursday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The firm has a market capitalization of $222.88 billion, a price-to-earnings ratio of 27.37, a P/E/G ratio of 3.10 and a beta of 0.56. The company has a 50 day moving average price of $312.49 and a 200 day moving average price of $302.34.

McDonald’s (NYSE:MCD) last issued its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting the consensus estimate of $2.67. The business had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.17 billion. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. McDonald’s’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.70 earnings per share. Equities analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.27%. McDonald’s’s dividend payout ratio (DPR) is presently 62.49%.

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.