Joel Isaacson & Co. LLC maintained its position in shares of McDonald’s Corporation (NYSE:MCD) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,899 shares of the fast-food giant’s stock at the end of the second quarter. Joel Isaacson & Co. LLC’s holdings in McDonald’s Corporation were worth $750,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of MCD. Harbour Capital Advisors LLC raised its stake in McDonald’s Corporation by 12,624.8% during the 2nd quarter. Harbour Capital Advisors LLC now owns 767,178 shares of the fast-food giant’s stock worth $5,009,000 after buying an additional 761,149 shares during the period. Swiss National Bank raised its stake in McDonald’s Corporation by 18.0% during the 1st quarter. Swiss National Bank now owns 3,653,548 shares of the fast-food giant’s stock worth $473,536,000 after buying an additional 558,300 shares during the period. Karp Capital Management Corp acquired a new stake in McDonald’s Corporation during the 1st quarter worth $66,583,000. WINTON GROUP Ltd raised its stake in McDonald’s Corporation by 1,155.8% during the 1st quarter. WINTON GROUP Ltd now owns 544,488 shares of the fast-food giant’s stock worth $62,812,000 after buying an additional 501,130 shares during the period. Finally, Bank of Montreal Can raised 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 worth $290,125,000 after buying an additional 393,881 shares during the period. Institutional investors and hedge funds own 67.92% of the company’s stock.

Shares of McDonald’s Corporation (MCD) opened at 166.30 on Friday. McDonald’s Corporation has a one year low of $110.83 and a one year high of $167.90. The stock’s 50 day moving average price is $159.62 and its 200-day moving average price is $152.01. The company has a market cap of $134.70 billion, a PE ratio of 27.22 and a beta of 0.69.

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 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 firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.96 billion. During the same period in the prior year, the firm earned $1.45 EPS. The company’s revenue was down 3.4% compared to the same quarter last year. On average, analysts expect that McDonald’s Corporation will post $6.56 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $1.01 per share. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Thursday, November 30th. McDonald’s Corporation’s dividend payout ratio is currently 61.54%.

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MCD has been the topic of several research analyst reports. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $167.00 price objective (up previously from $153.00) on shares of McDonald’s Corporation in a research note on Friday, July 21st. Instinet reaffirmed a “buy” rating and set a $172.00 price objective (up previously from $161.00) on shares of McDonald’s Corporation in a research note on Friday, July 21st. J P Morgan Chase & Co set a $170.00 price objective on McDonald’s Corporation and gave the stock a “buy” rating in a research note on Thursday, July 20th. BTIG Research raised their price objective on McDonald’s Corporation from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, June 29th. Finally, Deutsche Bank AG raised their price objective on McDonald’s Corporation from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. McDonald’s Corporation currently has a consensus rating of “Buy” and an average price target of $168.64.

In related news, insider Douglas M. Goare sold 17,286 shares of the firm’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevin M. Ozan sold 25,322 shares of the firm’s stock in a transaction that occurred on 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 transaction, 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. Insiders have sold a total of 69,938 shares of company stock valued at $11,033,009 over the last three months. Insiders own 0.24% of the company’s stock.

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.

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

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