Gateway Investment Advisers LLC raised its position in shares of McDonald’s Corporation (NYSE:MCD) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 591,284 shares of the fast-food giant’s stock after purchasing an additional 2,650 shares during the period. Gateway Investment Advisers LLC owned 0.07% of McDonald’s Corporation worth $90,561,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Bank of Montreal Can boosted its stake in McDonald’s Corporation by 26.3% during the 2nd quarter. Bank of Montreal Can now owns 1,894,258 shares of the fast-food giant’s stock valued at $290,125,000 after purchasing an additional 393,881 shares during the period. Confluence Investment Management LLC raised its position in shares of McDonald’s Corporation by 1.9% during the 2nd quarter. Confluence Investment Management LLC now owns 107,849 shares of the fast-food giant’s stock worth $16,518,000 after buying an additional 2,036 shares in the last quarter. Johanson Financial Advisors Inc. bought a new stake in shares of McDonald’s Corporation during the 2nd quarter worth about $213,000. Capital Investment Advisors LLC raised its position in shares of McDonald’s Corporation by 75.3% during the 2nd quarter. Capital Investment Advisors LLC now owns 47,411 shares of the fast-food giant’s stock worth $7,261,000 after buying an additional 20,366 shares in the last quarter. Finally, Private Trust Co. NA raised its position in shares of McDonald’s Corporation by 2.0% during the 2nd quarter. Private Trust Co. NA now owns 19,593 shares of the fast-food giant’s stock worth $3,000,000 after buying an additional 383 shares in the last quarter. 67.92% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Douglas M. Goare sold 17,286 shares of the firm’s stock in a transaction on 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 Securities & Exchange Commission, which is available through this link. Also, EVP David Ogden Fairhurst sold 4,782 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $157.05, for a total transaction of $751,013.10. Following the completion of the transaction, the executive vice president now directly owns 6,954 shares of the company’s stock, valued at $1,092,125.70. The disclosure for this sale can be found here. Insiders sold 69,938 shares of company stock valued at $11,033,009 over the last three months. 0.24% of the stock is owned by company insiders.

McDonald’s Corporation (NYSE MCD) traded down 1.2222% during mid-day trading on Monday, reaching $156.9678. 1,144,560 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $157.70 and a 200-day moving average price of $147.07. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $161.72. The stock has a market cap of $127.14 billion, a P/E ratio of 25.6945 and a beta of 0.70. McDonald’s Corporation also was the target of some unusual options trading activity on Friday. Stock traders acquired 16,798 put options on the stock. This is an increase of 316% compared to the typical volume of 4,036 put options.

McDonald’s Corporation (NYSE:MCD) last released its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, beating the 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 business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.96 billion. During the same period last year, the business earned $1.45 earnings per share. The firm’s revenue was down 3.4% on a year-over-year basis. Equities research analysts anticipate that McDonald’s Corporation will post $6.55 EPS for the current fiscal year.

The company also recently announced 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 is Thursday, November 30th. This is a boost from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a dividend yield of 2.54%. McDonald’s Corporation’s dividend payout ratio (DPR) is currently 61.54%.

MCD has been the topic of a number of recent analyst reports. Nomura set a $172.00 price target on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Wells Fargo & Company restated an “outperform” rating and set a $175.00 price target (up from $165.00) on shares of McDonald’s Corporation in a research report on Monday, June 26th. Royal Bank Of Canada set a $170.00 price target on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $174.00 price target on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Mizuho initiated coverage on shares of McDonald’s Corporation in a research report on Thursday, June 8th. They set a “buy” rating and a $168.00 price target on the stock. Twelve equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $162.26.

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McDonald’s Corporation 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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