Cornell Pochily Investment Advisors Inc. Has $1.61 Million Stake in McDonald’s Co. (NYSE:MCD)

Cornell Pochily Investment Advisors Inc. increased its position in McDonald’s Co. (NYSE:MCD) by 2.3% during the fourth quarter, HoldingsChannel reports. The institutional investor 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 SEC filing.

A number of other large investors have also recently added to or reduced their stakes in MCD. Blue Bell Private Wealth Management LLC boosted 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 during the period. Spartan Planning & Wealth Management acquired a new position in McDonald’s during the third quarter worth $33,000. Retirement Group LLC acquired a new stake in shares of McDonald’s in the fourth quarter valued at $37,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of McDonald’s in the third quarter valued at $45,000. Finally, Compass Wealth Management LLC acquired a new stake in McDonald’s in the fourth quarter worth about $45,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE MCD traded up $0.65 during trading on Thursday, reaching $282.67. The company had a trading volume of 759,282 shares, compared to its average volume of 3,143,587. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The business’s 50 day moving average price is $290.82 and its 200-day moving average price is $280.92. The stock has a market cap of $204.10 billion, a PE ratio of 24.38, a PEG ratio of 3.01 and a beta of 0.72.

McDonald’s (NYSE:MCD) last released 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 for the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.59 earnings per share. Equities analysts anticipate that McDonald’s Co. will post 12.38 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.36%. McDonald’s’s dividend payout ratio is currently 57.74%.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.27% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MCD has been the topic of several research reports. Citigroup cut their target price on McDonald’s from $327.00 to $310.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 6th. Wedbush restated an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a research note on Tuesday, February 6th. Argus reaffirmed a “hold” rating on shares of McDonald’s in a report on Monday. BMO Capital Markets raised their price objective on McDonald’s from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Thursday, December 7th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of McDonald’s in a research report on Friday, January 5th. Eight research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $320.60.

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.