Allen Investment Management LLC lowered its stake in McDonald’s Corporation (NYSE:MCD) by 26.9% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,716 shares of the fast-food giant’s stock after selling 630 shares during the period. Allen Investment Management LLC’s holdings in McDonald’s Corporation were worth $222,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. Vigilant Capital Management LLC boosted its position in McDonald’s Corporation by 9.4% in the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock valued at $127,000 after buying an additional 84 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new position in McDonald’s Corporation during the first quarter valued at approximately $146,000. Hudock Capital Group LLC boosted its position in McDonald’s Corporation by 5.9% in the first quarter. Hudock Capital Group LLC now owns 1,493 shares of the fast-food giant’s stock valued at $193,000 after buying an additional 83 shares during the last quarter. Capital Investment Advisory Services LLC bought a new position in McDonald’s Corporation during the first quarter valued at approximately $201,000. Finally, Merriman Wealth Management LLC bought a new position in McDonald’s Corporation during the first quarter valued at approximately $206,000. 67.52% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Corporation (NYSE:MCD) traded up 0.92% during midday trading on Friday, hitting $158.06. The company had a trading volume of 808,316 shares. McDonald’s Corporation has a 12-month low of $110.33 and a 12-month high of $159.98. The stock has a market cap of $128.03 billion, a price-to-earnings ratio of 25.87 and a beta of 0.70. The company’s 50 day moving average is $154.78 and its 200 day moving average is $140.35.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.08. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.45 earnings per share. On average, equities analysts anticipate that McDonald’s Corporation will post $6.55 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio is currently 61.54%.

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Several research analysts have recently issued reports on MCD shares. Royal Bank Of Canada set a $175.00 price objective on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $170.00 price objective on shares of McDonald’s Corporation in a research report on Tuesday, July 25th. BidaskClub cut McDonald’s Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. BTIG Research upped their price objective on McDonald’s Corporation from $137.00 to $156.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Finally, Wells Fargo & Company raised McDonald’s Corporation from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from $131.70 to $130.76 in a research report on Monday, April 17th. They noted that the move was a valuation call. Thirteen research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. McDonald’s Corporation has a consensus rating of “Buy” and a consensus target price of $162.16.

In related news, insider Douglas M. Goare sold 17,286 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total value of $2,739,831.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kevin M. Ozan sold 25,322 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the completion of the sale, the chief financial officer now directly owns 24,039 shares in the company, valued at approximately $3,810,181.50. The disclosure for this sale can be found here. Insiders have sold 54,363 shares of company stock valued at $8,615,125 in the last ninety days. 0.24% of the stock is owned by company insiders.

McDonald’s Corporation Company Profile

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

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

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