Cookson Peirce & Co. Inc. Takes $14.35 Million Position in Mcdonald’s Corp (MCD)

Cookson Peirce & Co. Inc. purchased a new stake in Mcdonald’s Corp (NYSE:MCD) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 80,800 shares of the fast-food giant’s stock, valued at approximately $14,348,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund raised its holdings in Mcdonald’s by 16,975.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,998,095 shares of the fast-food giant’s stock worth $84,000 after buying an additional 14,910,259 shares during the period. Bank of New York Mellon Corp raised its holdings in Mcdonald’s by 6,582,167.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,964,544 shares of the fast-food giant’s stock worth $1,332,390,000 after buying an additional 7,964,423 shares during the period. Neuberger Berman Group LLC raised its holdings in Mcdonald’s by 55.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,581,306 shares of the fast-food giant’s stock worth $431,827,000 after buying an additional 917,442 shares during the period. Ackerman Capital Advisors LLC raised its holdings in Mcdonald’s by 10,626.8% during the 4th quarter. Ackerman Capital Advisors LLC now owns 536,339 shares of the fast-food giant’s stock worth $3,644,000 after buying an additional 531,339 shares during the period. Finally, Marshall Wace LLP raised its holdings in Mcdonald’s by 81.3% during the 3rd quarter. Marshall Wace LLP now owns 920,498 shares of the fast-food giant’s stock worth $153,990,000 after buying an additional 412,779 shares during the period. 67.39% of the stock is owned by institutional investors.

MCD has been the topic of several recent analyst reports. Piper Jaffray Companies boosted their price objective on Mcdonald’s to $194.00 and gave the stock an “overweight” rating in a report on Wednesday, November 28th. Wells Fargo & Co boosted their price objective on Mcdonald’s from $197.00 to $202.00 and gave the stock an “outperform” rating in a report on Wednesday, November 21st. Zacks Investment Research downgraded Mcdonald’s from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Jefferies Financial Group set a $200.00 target price on Mcdonald’s and gave the company a “buy” rating in a report on Tuesday, November 20th. Finally, Barclays set a $198.00 target price on Mcdonald’s and gave the company a “buy” rating in a report on Monday, November 19th. Six investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $194.11.

NYSE:MCD opened at $185.33 on Friday. Mcdonald’s Corp has a 52 week low of $153.13 and a 52 week high of $190.88. The company has a market capitalization of $139.85 billion, a P/E ratio of 23.46, a PEG ratio of 2.52 and a beta of 0.53.

Mcdonald’s (NYSE:MCD) last released its quarterly earnings data on Wednesday, January 30th. The fast-food giant reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.07. Mcdonald’s had a negative return on equity of 104.38% and a net margin of 28.18%. The firm had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter in the prior year, the company posted $1.71 earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis. Analysts expect that Mcdonald’s Corp will post 8.15 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $1.16 dividend. The ex-dividend date was Thursday, February 28th. This represents a $4.64 dividend on an annualized basis and a yield of 2.50%. Mcdonald’s’s dividend payout ratio is currently 58.73%.

In related news, VP Robert Lane Gibbs sold 22,036 shares of the stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $180.95, for a total value of $3,987,414.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Andrew J. Mckenna sold 30,000 shares of the stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $180.27, for a total value of $5,408,100.00. The disclosure for this sale can be found here. Insiders sold 129,775 shares of company stock worth $23,249,437 in the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

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Mcdonald’s Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

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Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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