Zevin Asset Management LLC maintained its stake in McDonald’s Corp. (NYSE:MCD) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,522 shares of the fast-food giant’s stock at the end of the second quarter. Zevin Asset Management LLC’s holdings in McDonald’s Corp. were worth $544,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MCD. BlackRock Group LTD increased its position in McDonald’s Corp. by 1.1% in the first quarter. BlackRock Group LTD now owns 8,204,193 shares of the fast-food giant’s stock valued at $1,031,103,000 after buying an additional 89,886 shares during the last quarter. Geode Capital Management LLC increased its position in McDonald’s Corp. by 4.0% in the first quarter. Geode Capital Management LLC now owns 7,789,916 shares of the fast-food giant’s stock valued at $977,173,000 after buying an additional 302,511 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in McDonald’s Corp. by 10.2% in the first quarter. TIAA CREF Investment Management LLC now owns 4,264,396 shares of the fast-food giant’s stock valued at $535,949,000 after buying an additional 394,393 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in McDonald’s Corp. by 15.5% in the first quarter. UBS Asset Management Americas Inc. now owns 3,433,335 shares of the fast-food giant’s stock valued at $431,501,000 after buying an additional 461,750 shares during the last quarter. Finally, Swiss National Bank increased its position in McDonald’s Corp. by 3.6% in the second quarter. Swiss National Bank now owns 3,228,148 shares of the fast-food giant’s stock valued at $388,475,000 after buying an additional 111,300 shares during the last quarter. 69.19% of the stock is owned by institutional investors and hedge funds.

McDonald’s Corp. (NYSE:MCD) traded down 0.74% during midday trading on Friday, reaching $115.28. The company’s stock had a trading volume of 9,500,452 shares. The firm has a 50-day moving average price of $117.07 and a 200 day moving average price of $122.37. McDonald’s Corp. has a 52-week low of $95.78 and a 52-week high of $131.96. 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. (NYSE:MCD) last released its earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ 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 business earned $6.27 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter last year, the company earned $1.26 earnings per share. The firm’s revenue was down 3.6% on a year-over-year basis. Equities research analysts predict that McDonald’s Corp. will post $5.56 EPS for the current fiscal year.

The business also recently announced 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 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Tuesday, August 30th. McDonald’s Corp.’s payout ratio is presently 68.59%.

MCD has been the subject of several recent research reports. Vetr raised McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $121.01 price target for the company in a research report on Monday, September 5th. Morgan Stanley reissued a “hold” rating and set a $118.00 price target on shares of McDonald’s Corp. in a research report on Thursday, July 28th. Canaccord Genuity initiated coverage on McDonald’s Corp. in a research report on Monday, August 22nd. They issued a “hold” rating and a $122.00 price objective for the company. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $132.00 price objective on shares of McDonald’s Corp. in a research report on Friday. Finally, Citigroup Inc. lowered their price objective on McDonald’s Corp. from $130.00 to $122.00 and set a “neutral” rating for the company in a research report on Tuesday, September 13th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $126.62.

In other McDonald’s Corp. news, Chairman Andrew J. Mckenna sold 70,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $118.28, for a total transaction of $8,279,600.00. Following the completion of the transaction, the chairman now owns 108,841 shares in the company, valued at $12,873,713.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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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