Cooper Financial Group Has $861,000 Stock Position in McDonald’s Co. (NYSE:MCD)

Cooper Financial Group lifted its position in McDonald’s Co. (NYSE:MCD) by 35.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 3,378 shares of the fast-food giant’s stock after purchasing an additional 892 shares during the period. Cooper Financial Group’s holdings in McDonald’s were worth $861,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MCD. Concentric Wealth Management LLC grew its holdings in shares of McDonald’s by 1.4% during the fourth quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock worth $756,000 after purchasing an additional 35 shares during the last quarter. Mechanics Financial Corp grew its holdings in shares of McDonald’s by 0.7% during the fourth quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock worth $1,581,000 after purchasing an additional 36 shares during the last quarter. FinTrust Capital Advisors LLC grew its holdings in shares of McDonald’s by 2.9% during the fourth quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant’s stock worth $376,000 after purchasing an additional 36 shares during the last quarter. 9258 Wealth Management LLC grew its holdings in shares of McDonald’s by 1.3% during the first quarter. 9258 Wealth Management LLC now owns 2,833 shares of the fast-food giant’s stock worth $799,000 after purchasing an additional 37 shares during the last quarter. Finally, ICW Investment Advisors LLC grew its holdings in shares of McDonald’s by 0.4% during the fourth quarter. ICW Investment Advisors LLC now owns 9,548 shares of the fast-food giant’s stock worth $2,831,000 after purchasing an additional 38 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Price Performance

NYSE:MCD traded up $1.39 during trading hours on Tuesday, reaching $270.85. 1,147,347 shares of the company were exchanged, compared to its average volume of 3,576,831. The business has a 50 day moving average of $257.60 and a 200 day moving average of $271.42. The company has a market capitalization of $195.20 billion, a P/E ratio of 22.80, a P/E/G ratio of 3.58 and a beta of 0.71. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $302.39.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The firm had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. McDonald’s had a negative return on equity of 178.92% and a net margin of 32.25%. The company’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.17 EPS. As a group, equities research analysts anticipate that McDonald’s Co. will post 11.71 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date is Tuesday, September 3rd. McDonald’s’s dividend payout ratio is 56.71%.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total value of $285,740.00. Following the completion of the transaction, the insider now directly owns 13,681 shares of the company’s stock, valued at $3,557,060. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total value of $285,740.00. Following the transaction, the insider now owns 13,681 shares of the company’s stock, valued at $3,557,060. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the sale, the insider now directly owns 14,780 shares in the company, valued at $3,842,800. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,794 shares of company stock valued at $1,234,491. 0.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MCD. Jefferies Financial Group dropped their target price on McDonald’s from $320.00 to $310.00 and set a “buy” rating for the company in a research report on Monday, July 29th. BMO Capital Markets dropped their target price on McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. TD Cowen downgraded McDonald’s from a “buy” rating to a “hold” rating and dropped their target price for the stock from $285.00 to $280.00 in a research report on Wednesday, July 31st. Wedbush reiterated an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a report on Monday, July 29th. Finally, The Goldman Sachs Group initiated coverage on McDonald’s in a report on Thursday, June 13th. They issued a “neutral” rating and a $288.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $303.00.

McDonald’s Profile

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.