Level Four Advisory Services LLC raised its stake in shares of McDonald’s Corporation (NYSE:MCD) by 14.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,379 shares of the fast-food giant’s stock after buying an additional 1,278 shares during the period. Level Four Advisory Services LLC’s holdings in McDonald’s Corporation were worth $1,353,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. 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 valued at $473,536,000 after buying an additional 558,300 shares during the last quarter. Karp Capital Management Corp acquired a new position in McDonald’s Corporation during the first quarter valued at about $66,583,000. WINTON GROUP Ltd increased its position 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 during the last quarter. Canada Pension Plan Investment Board increased its position 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 during the last quarter. Finally, Weiss Multi Strategy Advisers LLC acquired a new position in McDonald’s Corporation during the first quarter valued at about $27,595,000. 67.52% of the stock is owned by hedge funds and other institutional investors.

Shares of McDonald’s Corporation (NYSE:MCD) traded up 0.43% during mid-day trading on Friday, reaching $157.30. 2,925,044 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $154.85 and its 200-day moving average price is $140.61. The stock has a market cap of $127.41 billion, a price-to-earnings ratio of 25.75 and a beta of 0.70. McDonald’s Corporation has a 12-month low of $110.33 and a 12-month high of $159.98.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.08. The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.45 EPS. Equities research analysts forecast that McDonald’s Corporation will post $6.55 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Wednesday, August 30th. McDonald’s Corporation’s payout ratio is presently 61.54%.

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

In other news, CFO Kevin M. Ozan sold 25,322 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the sale, the chief financial officer now owns 24,039 shares of the company’s stock, valued at approximately $3,810,181.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Douglas M. Goare sold 17,286 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $2,739,831.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,156 shares of company stock worth $10,281,996. 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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