Kings Point Capital Management lifted its position in shares of McDonald’s Corporation (NYSE:MCD) by 4.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,054 shares of the fast-food giant’s stock after purchasing an additional 79 shares during the period. Kings Point Capital Management’s holdings in McDonald’s Corporation were worth $315,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC lifted its position in shares of McDonald’s Corporation by 681.3% during the 2nd quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock worth $935,782,000 after purchasing an additional 5,327,778 shares during the last quarter. Legal & General Group Plc lifted its position in McDonald’s Corporation by 3.5% in the second quarter. Legal & General Group Plc now owns 4,388,893 shares of the fast-food giant’s stock valued at $672,205,000 after acquiring an additional 147,589 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in McDonald’s Corporation by 3.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 4,009,947 shares of the fast-food giant’s stock valued at $614,164,000 after acquiring an additional 127,840 shares during the last quarter. Swiss National Bank lifted 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 valued at $473,536,000 after acquiring an additional 558,300 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in McDonald’s Corporation by 6.8% in the second quarter. Prudential Financial Inc. now owns 2,805,231 shares of the fast-food giant’s stock valued at $429,649,000 after acquiring an additional 179,334 shares during the last quarter. 69.01% of the stock is owned by institutional investors and hedge funds.

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In related news, VP James R. Sappington sold 8,046 shares of McDonald’s Corporation stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total value of $1,327,590.00. Following the sale, the vice president now directly owns 15,739 shares in the company, valued at approximately $2,596,935. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.24% of the company’s stock.

Shares of McDonald’s Corporation (NYSE:MCD) opened at $168.09 on Friday. The firm has a market cap of $133,385.11, a PE ratio of 26.14, a P/E/G ratio of 2.74 and a beta of 0.67. McDonald’s Corporation has a 52-week low of $117.71 and a 52-week high of $170.92. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27.

McDonald’s Corporation (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.01. The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.75 billion. McDonald’s Corporation had a net margin of 24.19% and a negative return on equity of 216.45%. McDonald’s Corporation’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period last year, the firm posted $1.62 EPS. equities analysts predict that McDonald’s Corporation will post 6.52 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $1.01 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a yield of 2.40%. McDonald’s Corporation’s dividend payout ratio (DPR) is currently 54.26%.

A number of equities research analysts recently weighed in on the stock. Goldman Sachs Group, Inc. (The) set a $173.00 price target on shares of McDonald’s Corporation and gave the company a “buy” rating in a research report on Wednesday, November 8th. Deutsche Bank AG set a $185.00 price target on shares of McDonald’s Corporation and gave the company a “buy” rating in a research report on Friday, October 20th. Argus restated a “buy” rating on shares of McDonald’s Corporation in a research note on Tuesday, October 17th. Barclays PLC set a $182.00 price objective on shares of McDonald’s Corporation and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, Nomura set a $183.00 price objective on shares of McDonald’s Corporation and gave the company a “buy” rating in a research note on Tuesday, October 17th. Eleven research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. McDonald’s Corporation presently has a consensus rating of “Buy” and an average price target of $169.96.

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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