Farmers Trust Co. cut its position in shares of McDonald’s Corp. (NYSE:MCD) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,637 shares of the fast-food giant’s stock after selling 129 shares during the period. Farmers Trust Co.’s holdings in McDonald’s Corp. were worth $2,724,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Atalanta Sosnoff Capital LLC increased its stake in shares of McDonald’s Corp. by 4,448.7% in the first quarter. Atalanta Sosnoff Capital LLC now owns 204,917 shares of the fast-food giant’s stock worth $25,754,000 after buying an additional 200,412 shares in the last quarter. Webster Bank N. A. increased its stake in shares of McDonald’s Corp. by 10.7% in the first quarter. Webster Bank N. A. now owns 14,875 shares of the fast-food giant’s stock worth $1,869,000 after buying an additional 1,432 shares in the last quarter. Franklin Street Advisors Inc. NC increased its stake in shares of McDonald’s Corp. by 35.8% in the first quarter. Franklin Street Advisors Inc. NC now owns 29,417 shares of the fast-food giant’s stock worth $3,697,000 after buying an additional 7,749 shares in the last quarter. LifePlan Financial Group Inc increased its stake in shares of McDonald’s Corp. by 0.9% in the first quarter. LifePlan Financial Group Inc now owns 2,128 shares of the fast-food giant’s stock worth $267,000 after buying an additional 20 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX increased its stake in shares of McDonald’s Corp. by 6.7% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 219,520 shares of the fast-food giant’s stock worth $27,589,000 after buying an additional 13,706 shares in the last quarter. 69.19% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Corp. (NYSE:MCD) traded down 0.74% during midday trading on Friday, hitting $115.28. 9,500,452 shares of the company were exchanged. The stock has a 50 day moving average of $117.07 and a 200-day moving average of $122.37. The stock has a market capitalization of $98.38 billion, a price-to-earnings ratio of 22.01 and a beta of 0.59. McDonald’s Corp. has a 1-year low of $95.78 and a 1-year high of $131.96.

McDonald’s Corp. (NYSE:MCD) last released its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.06. McDonald’s Corp. had a net margin of 18.73% and a return on equity of 97.56%. The company earned $6.27 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the prior year, the firm earned $1.26 earnings per share. McDonald’s Corp.’s revenue was down 3.6% on a year-over-year basis. Equities analysts expect that McDonald’s Corp. will post $5.56 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, September 1st were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend was Tuesday, August 30th. McDonald’s Corp.’s payout ratio is currently 68.59%.

A number of research analysts have recently commented on MCD shares. RBC Capital Markets reiterated a “buy” rating and issued a $140.00 price target on shares of McDonald’s Corp. in a research note on Friday, July 22nd. Jefferies Group set a $115.00 price target on McDonald’s Corp. and gave the company a “neutral” rating in a research note on Tuesday, July 26th. Wells Fargo & Co. reiterated a “market perform” rating on shares of McDonald’s Corp. in a research note on Wednesday, July 20th. Nomura set a $129.00 price target on McDonald’s Corp. and gave the company a “neutral” rating in a research note on Wednesday, July 20th. Finally, Zacks Investment Research upgraded McDonald’s Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 21st. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $126.62.

In related news, Chairman Andrew J. Mckenna sold 70,000 shares of the stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $118.28, for a total value of $8,279,600.00. Following the completion of the transaction, the chairman now directly owns 108,841 shares of the company’s stock, valued at $12,873,713.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.28% of the stock is currently owned by corporate insiders.

McDonald’s Corp. Company Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality 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.

5 Day Chart for NYSE:MCD

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