Garde Capital Inc. continued to hold its position in McDonald’s Corporation (NYSE:MCD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,205 shares of the fast-food giant’s stock at the close of the 2nd quarter. Garde Capital Inc.’s holdings in McDonald’s Corporation were worth $338,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Legacy Capital Partners Inc. increased its holdings in shares of McDonald’s Corporation by 7.0% in the 1st quarter. Legacy Capital Partners Inc. now owns 26,154 shares of the fast-food giant’s stock worth $3,390,000 after buying an additional 1,706 shares during the last quarter. Holderness Investments Co. increased its holdings in shares of McDonald’s Corporation by 323.7% in the 1st quarter. Holderness Investments Co. now owns 10,589 shares of the fast-food giant’s stock worth $1,372,000 after buying an additional 8,090 shares during the last quarter. Oakworth Capital Inc. increased its holdings in shares of McDonald’s Corporation by 7.7% in the 1st quarter. Oakworth Capital Inc. now owns 4,977 shares of the fast-food giant’s stock worth $645,000 after buying an additional 355 shares during the last quarter. Cypress Asset Management Inc. TX increased its holdings in shares of McDonald’s Corporation by 136.4% in the 2nd quarter. Cypress Asset Management Inc. TX now owns 28,274 shares of the fast-food giant’s stock worth $4,330,000 after buying an additional 16,315 shares during the last quarter. Finally, Scopus Asset Management L.P. bought a new position in shares of McDonald’s Corporation in the 1st quarter worth $42,771,000. 67.92% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on the stock. Goldman Sachs Group, Inc. (The) set a $172.00 price target on shares of McDonald’s Corporation and gave the stock a “buy” rating in a report on Friday. Royal Bank Of Canada increased their price target on shares of McDonald’s Corporation from $175.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday. Piper Jaffray Companies set a $170.00 price target on shares of McDonald’s Corporation and gave the stock a “buy” rating in a report on Thursday. SunTrust Banks, Inc. reissued a “buy” rating and issued a $178.00 price target on shares of McDonald’s Corporation in a report on Thursday. Finally, Robert W. Baird reissued a “buy” rating and issued a $170.00 price target on shares of McDonald’s Corporation in a report on Friday, September 1st. Ten analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $167.83.

McDonald’s Corporation (MCD) opened at 165.37 on Friday. The company has a market capitalization of $133.95 billion, a price-to-earnings ratio of 27.07 and a beta of 0.69. The company has a 50 day moving average of $158.72 and a 200 day moving average of $150.71. McDonald’s Corporation has a 52 week low of $110.33 and a 52 week high of $165.51.

McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.08. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The company had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.96 billion. During the same period in the prior year, the firm earned $1.45 earnings per share. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, equities analysts forecast that McDonald’s Corporation will post $6.56 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $1.01 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 dividend on an annualized basis and a yield of 2.44%. McDonald’s Corporation’s dividend payout ratio is 61.54%.

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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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin M. Ozan sold 25,322 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was 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 of the company’s stock, valued at $3,810,181.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,938 shares of company stock valued at $11,033,009. 0.24% of the stock is owned by 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.

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

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