Arthur M. Cohen & Associates LLC Sells 140 Shares of McDonald’s Corporation (NYSE:MCD)
Arthur M. Cohen & Associates LLC cut its position in shares of McDonald’s Corporation (NYSE:MCD) by 4.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,906 shares of the fast-food giant’s stock after selling 140 shares during the period. Arthur M. Cohen & Associates LLC’s holdings in McDonald’s Corporation were worth $387,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Vigilant Capital Management LLC increased its stake in McDonald’s Corporation by 9.4% in the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock worth $127,000 after buying an additional 84 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new stake in McDonald’s Corporation during the fourth quarter worth approximately $131,000. Signature Estate & Investment Advisors LLC acquired a new stake in McDonald’s Corporation during the first quarter worth approximately $146,000. Hudock Capital Group LLC increased its stake in McDonald’s Corporation by 5.9% in the first quarter. Hudock Capital Group LLC now owns 1,493 shares of the fast-food giant’s stock worth $193,000 after buying an additional 83 shares during the last quarter. Finally, Capital Investment Advisory Services LLC acquired a new stake in McDonald’s Corporation during the first quarter worth approximately $201,000. Institutional investors own 67.52% of the company’s stock.
Shares of McDonald’s Corporation (NYSE MCD) opened at 153.82 on Monday. The firm has a market capitalization of $125.37 billion, a price-to-earnings ratio of 25.18 and a beta of 0.70. The stock has a 50 day moving average of $154.15 and a 200-day moving average of $139.07. McDonald’s Corporation has a one year low of $110.33 and a one year high of $159.98.
McDonald’s Corporation (NYSE:MCD) last announced its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.08. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 266.50%. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.45 earnings per share. On average, equities analysts anticipate that McDonald’s Corporation will post $6.55 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be paid a $0.94 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.76 annualized dividend and a dividend yield of 2.44%. McDonald’s Corporation’s dividend payout ratio (DPR) is presently 61.54%.
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A number of analysts have commented on MCD shares. Nomura increased their price objective on shares of McDonald’s Corporation from $136.00 to $146.00 and gave the company a “buy” rating in a report on Thursday, April 20th. Vetr upgraded shares of McDonald’s Corporation from a “sell” rating to a “buy” rating and set a $145.38 price objective for the company in a report on Tuesday, April 18th. Deutsche Bank AG reiterated a “buy” rating and issued a $155.00 price objective on shares of McDonald’s Corporation in a report on Wednesday, April 26th. Instinet reiterated a “buy” rating and issued a $146.00 price objective (up previously from $136.00) on shares of McDonald’s Corporation in a report on Saturday, April 22nd. Finally, Cleveland Research upgraded shares of McDonald’s Corporation from a “neutral” rating to a “buy” rating in a report on Tuesday, April 11th. Thirteen equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $162.16.
In other McDonald’s Corporation news, insider Douglas M. Goare sold 17,286 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $2,739,831.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jerome N. Krulewitch sold 11,755 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $158.38, for a total transaction of $1,861,756.90. Following the transaction, the executive vice president now owns 11,755 shares in the company, valued at $1,861,756.90. The disclosure for this sale can be found here. Insiders sold 54,363 shares of company stock valued at $8,615,125 over the last 90 days. Insiders own 0.24% of the company’s stock.
McDonald’s Corporation Company Profile
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.
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