Karpas Strategies LLC cut its position in McDonald’s Corporation (NYSE:MCD) by 3.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,250 shares of the fast-food giant’s stock after selling 150 shares during the period. Karpas Strategies LLC’s holdings in McDonald’s Corporation were worth $651,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in McDonald’s Corporation during the fourth quarter worth approximately $960,307,000. Legal & General Group Plc increased its position in McDonald’s Corporation by 4.6% in the first quarter. Legal & General Group Plc now owns 4,241,304 shares of the fast-food giant’s stock worth $549,720,000 after buying an additional 187,324 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in McDonald’s Corporation by 4.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 3,882,107 shares of the fast-food giant’s stock worth $503,160,000 after buying an additional 174,209 shares in the last quarter. Swiss National Bank increased its position 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 worth $473,536,000 after buying an additional 558,300 shares in the last quarter. Finally, Bank of Montreal Can increased its position in McDonald’s Corporation by 26.3% in the second 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 in the last quarter. 67.52% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Corporation (NYSE:MCD) traded up 0.96% during trading on Thursday, reaching $156.41. The company’s stock had a trading volume of 1,298,068 shares. The stock’s 50 day moving average is $154.69 and its 200-day moving average is $140.24. The firm has a market cap of $127.49 billion, a P/E ratio of 25.60 and a beta of 0.70. McDonald’s Corporation has a 52 week low of $110.33 and a 52 week high of $159.98.

McDonald’s Corporation (NYSE:MCD) last posted its quarterly 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. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.96 billion. McDonald’s Corporation had a negative return on equity of 266.50% and a net margin of 21.00%. The business’s revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company earned $1.45 earnings per share. On average, equities research analysts forecast that McDonald’s Corporation will post $6.55 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be paid a $0.94 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.76 dividend on an annualized basis and a yield of 2.43%. McDonald’s Corporation’s dividend payout ratio is 61.54%.

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A number of research firms have issued reports on MCD. Credit Suisse Group reiterated an “outperform” rating and issued a $170.00 target price (up from $165.00) on shares of McDonald’s Corporation in a research note on Wednesday, July 26th. Robert W. Baird set a $170.00 target price on McDonald’s Corporation and gave the company a “buy” rating in a research note on Wednesday, July 26th. Stephens reiterated an “overweight” rating and issued a $155.00 target price on shares of McDonald’s Corporation in a research note on Wednesday, July 26th. Morgan Stanley reiterated an “equal weight” rating and issued a $162.00 target price (up from $150.00) on shares of McDonald’s Corporation in a research note on Wednesday, July 26th. Finally, Sanford C. Bernstein set a $180.00 target price on McDonald’s Corporation and gave the company a “buy” rating in a research note on Wednesday, July 26th. Thirteen analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. McDonald’s Corporation presently has a consensus rating of “Buy” and a consensus price target of $162.16.

In other McDonald’s Corporation news, EVP Jerome N. Krulewitch sold 11,755 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $158.38, for a total value of $1,861,756.90. Following the completion of the transaction, the executive vice president now directly owns 11,755 shares in the company, valued at $1,861,756.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,363 shares of company stock valued at $8,615,125. Corporate 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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