Hutchens Investment Management Inc lowered its stake in McDonald’s Corporation (NYSE:MCD) by 2.3% during the first quarter, Holdings Channel reports. The institutional investor owned 16,660 shares of the fast-food giant’s stock after selling 395 shares during the period. McDonald’s Corporation accounts for about 1.9% of Hutchens Investment Management Inc’s portfolio, making the stock its 26th largest position. Hutchens Investment Management Inc’s holdings in McDonald’s Corporation were worth $2,159,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Swiss National Bank increased its stake in McDonald’s Corporation by 18.0% in the first quarter. Swiss National Bank now owns 3,653,548 shares of the fast-food giant’s stock valued at $473,536,000 after buying an additional 558,300 shares in the last quarter. Karp Capital Management Corp acquired a new stake in McDonald’s Corporation during the first quarter valued at about $66,583,000. WINTON GROUP Ltd increased its stake in McDonald’s Corporation by 1,155.8% in the first quarter. WINTON GROUP Ltd now owns 544,488 shares of the fast-food giant’s stock valued at $62,812,000 after buying an additional 501,130 shares in the last quarter. Scopus Asset Management L.P. acquired a new stake in McDonald’s Corporation during the first quarter valued at about $42,771,000. Finally, Canada Pension Plan Investment Board increased its stake in McDonald’s Corporation by 136.5% in the first quarter. Canada Pension Plan Investment Board now owns 444,937 shares of the fast-food giant’s stock valued at $57,668,000 after buying an additional 256,785 shares in the last quarter. Institutional investors own 68.20% of the company’s stock.

Shares of McDonald’s Corporation (NYSE MCD) traded down 0.36% on Monday, reaching $156.73. The company’s stock had a trading volume of 682,300 shares. The company has a 50 day moving average price of $154.85 and a 200 day moving average price of $140.61. McDonald’s Corporation has a 52-week low of $110.33 and a 52-week high of $159.98. The company has a market cap of $126.95 billion, a P/E ratio of 25.66 and a beta of 0.70.

McDonald’s Corporation (NYSE:MCD) last issued its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, topping 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 company had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.96 billion. During the same quarter in the previous year, the firm posted $1.45 earnings per share. McDonald’s Corporation’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts anticipate that McDonald’s Corporation will post $6.55 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be paid a $0.94 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $3.76 annualized dividend and a dividend yield of 2.39%. McDonald’s Corporation’s dividend payout ratio is 61.54%.

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Several research analysts have recently commented on MCD shares. Royal Bank Of Canada set a $170.00 target price on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research upgraded McDonald’s Corporation from a “hold” rating to a “buy” rating and set a $172.00 target price for the company in a research report on Tuesday, June 27th. Deutsche Bank AG lifted their target price on McDonald’s Corporation from $155.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 10th. Vetr upgraded McDonald’s Corporation from a “sell” rating to a “buy” rating and set a $145.38 target price for the company in a research report on Tuesday, April 18th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $157.00 target price (up previously from $137.00) on shares of McDonald’s Corporation in a research report on Saturday, April 29th. Thirteen analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $162.16.

In related news, insider Joseph M. Erlinger sold 10,793 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $154.44, for a total value of $1,666,870.92. Following the sale, the insider now owns 7,318 shares of the company’s stock, valued at $1,130,191.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Jerome N. Krulewitch sold 11,755 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $158.38, for a total transaction of $1,861,756.90. Following the completion of the sale, the executive vice president now directly owns 11,755 shares in the company, valued at approximately $1,861,756.90. The disclosure for this sale can be found here. In the last three months, insiders sold 65,156 shares of company stock worth $10,281,996. 0.24% of the stock is currently owned by insiders.

About McDonald’s Corporation

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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