Barr E S & Co. held its stake in shares of McDonald’s Corporation (NYSE:MCD) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,239 shares of the fast-food giant’s stock at the end of the second quarter. Barr E S & Co.’s holdings in McDonald’s were worth $956,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Jennison Associates LLC increased its position in shares of McDonald’s by 681.3% during the second quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock worth $935,782,000 after purchasing an additional 5,327,778 shares in the last quarter. FMR LLC increased its position in shares of McDonald’s by 72.9% during the second quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock worth $1,282,229,000 after purchasing an additional 3,530,622 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of McDonald’s by 69.9% during the second quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock worth $1,157,628,000 after purchasing an additional 3,110,669 shares in the last quarter. BlackRock Inc. increased its position in shares of McDonald’s by 3.0% during the second quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock worth $8,363,515,000 after purchasing an additional 1,586,761 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of McDonald’s by 27.8% during the second quarter. TIAA CREF Investment Management LLC now owns 4,359,196 shares of the fast-food giant’s stock worth $667,654,000 after purchasing an additional 949,363 shares in the last quarter. 67.40% of the stock is owned by institutional investors and hedge funds.

In related news, VP James R. Sappington sold 8,046 shares of the stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the transaction, the vice president now owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Stephen Easterbrook sold 171,577 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total value of $28,879,840.64. Following the transaction, the insider now directly owns 49,778 shares in the company, valued at approximately $8,378,632.96. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

McDonald’s Corporation (MCD) opened at $173.15 on Friday. The firm has a market capitalization of $138,032.75, a price-to-earnings ratio of 27.05, a PEG ratio of 2.83 and a beta of 0.67. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. McDonald’s Corporation has a twelve month low of $118.18 and a twelve month high of $174.44.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.01. The business had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.75 billion. McDonald’s had a negative return on equity of 216.45% and a net margin of 24.19%. The company’s revenue was down 10.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.62 EPS. research analysts predict that McDonald’s Corporation will post 6.53 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $1.01 per share. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from McDonald’s’s previous quarterly dividend of $0.94. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.33%. McDonald’s’s dividend payout ratio is currently 58.30%.

Several brokerages recently commented on MCD. BidaskClub upgraded McDonald’s from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. ValuEngine cut McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Bank of America restated a “buy” rating and issued a $175.00 target price on shares of McDonald’s in a report on Monday, August 14th. Nomura set a $183.00 target price on McDonald’s and gave the company a “buy” rating in a report on Tuesday, October 17th. Finally, Longbow Research upgraded McDonald’s from a “neutral” rating to a “buy” rating and upped their target price for the company from $154.05 to $183.00 in a report on Thursday, September 28th. Ten analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $174.32.

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About McDonald’s

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.

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

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