Chevy Chase Trust Holdings Inc. lowered its position in McDonald’s Co. (NYSE:MCD) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 747,126 shares of the fast-food giant’s stock after selling 15,288 shares during the quarter. Chevy Chase Trust Holdings Inc. owned approximately 0.10% of McDonald’s worth $117,068,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. HC Financial Advisors Inc. purchased a new position in McDonald’s in the fourth quarter worth about $1,795,000. Employees Retirement System of Texas raised its holdings in shares of McDonald’s by 8.6% during the fourth quarter. Employees Retirement System of Texas now owns 196,600 shares of the fast-food giant’s stock valued at $33,839,000 after purchasing an additional 15,600 shares during the last quarter. Centaurus Financial Inc. purchased a new position in shares of McDonald’s during the fourth quarter valued at approximately $493,000. Frontier Investment Mgmt Co. raised its holdings in shares of McDonald’s by 2.5% during the fourth quarter. Frontier Investment Mgmt Co. now owns 154,978 shares of the fast-food giant’s stock valued at $26,675,000 after purchasing an additional 3,799 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of McDonald’s by 243.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,006,737 shares of the fast-food giant’s stock valued at $173,280,000 after purchasing an additional 713,437 shares during the last quarter. Hedge funds and other institutional investors own 67.40% of the company’s stock.

Shares of McDonald’s opened at $159.30 on Friday, according to MarketBeat.com. The company has a debt-to-equity ratio of -5.24, a current ratio of 1.47 and a quick ratio of 1.45. The company has a market cap of $121.58 billion, a P/E ratio of 23.92, a price-to-earnings-growth ratio of 2.32 and a beta of 0.67. McDonald’s Co. has a 12-month low of $146.84 and a 12-month high of $178.70.

McDonald’s (NYSE:MCD) last announced its earnings results on Thursday, July 26th. The fast-food giant reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.07. The company had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.32 billion. McDonald’s had a net margin of 25.26% and a negative return on equity of 133.89%. The firm’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.73 earnings per share. equities research analysts anticipate that McDonald’s Co. will post 7.65 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 18th. Investors of record on Tuesday, September 4th will be given a dividend of $1.01 per share. The ex-dividend date is Friday, August 31st. This represents a $4.04 annualized dividend and a yield of 2.54%. McDonald’s’s dividend payout ratio (DPR) is 60.66%.

Several research analysts have recently weighed in on MCD shares. Royal Bank of Canada reissued a “buy” rating and set a $175.00 price objective on shares of McDonald’s in a report on Friday, May 25th. Wells Fargo & Co set a $185.00 price objective on shares of McDonald’s and gave the company a “buy” rating in a report on Wednesday, April 25th. Goldman Sachs Group set a $185.00 price objective on shares of McDonald’s and gave the company a “buy” rating in a report on Tuesday, May 8th. Barclays reissued a “buy” rating and set a $204.00 price objective on shares of McDonald’s in a report on Wednesday, May 2nd. Finally, Zacks Investment Research raised shares of McDonald’s from a “sell” rating to a “hold” rating in a report on Thursday, April 19th. Nine analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $182.18.

About McDonald’s

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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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

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