Logan Capital Management Inc. increased its position in shares of McDonald’s Corporation (NYSE:MCD) by 1.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,164 shares of the fast-food giant’s stock after buying an additional 332 shares during the period. Logan Capital Management Inc.’s holdings in McDonald’s Corporation were worth $2,614,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Diversified Trust Co increased its stake in McDonald’s Corporation by 0.3% in the first quarter. Diversified Trust Co now owns 1,986 shares of the fast-food giant’s stock worth $257,000 after buying an additional 6 shares during the last quarter. Catawba Capital Management VA increased its stake in McDonald’s Corporation by 0.3% in the first quarter. Catawba Capital Management VA now owns 2,950 shares of the fast-food giant’s stock worth $382,000 after buying an additional 9 shares during the last quarter. Van Cleef Asset Management Inc increased its stake in McDonald’s Corporation by 0.4% in the first quarter. Van Cleef Asset Management Inc now owns 2,550 shares of the fast-food giant’s stock worth $331,000 after buying an additional 11 shares during the last quarter. Alpha Windward LLC increased its stake in McDonald’s Corporation by 0.7% in the first quarter. Alpha Windward LLC now owns 3,253 shares of the fast-food giant’s stock worth $422,000 after buying an additional 24 shares during the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV increased its stake in McDonald’s Corporation by 0.5% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 5,014 shares of the fast-food giant’s stock worth $650,000 after buying an additional 25 shares during the last quarter. 67.52% of the stock is currently owned by institutional investors.

McDonald’s Corporation (NYSE MCD) traded up 0.61% during trading on Thursday, reaching $155.87. The company’s stock had a trading volume of 507,312 shares. The company has a market cap of $127.04 billion, a P/E ratio of 25.51 and a beta of 0.70. The stock’s 50-day moving average is $154.69 and its 200 day moving average is $140.24. 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 released its quarterly earnings results 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 266.50%. The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.96 billion. During the same period in the previous year, the company earned $1.45 earnings per share. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, equities analysts forecast that McDonald’s Corporation will post $6.55 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio (DPR) is presently 61.54%.

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A number of research firms have weighed in on MCD. Sanford C. Bernstein raised McDonald’s Corporation from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $129.00 to $160.00 in a report on Tuesday, April 18th. UBS AG set a $143.00 price objective on McDonald’s Corporation and gave the company a “neutral” rating in a report on Wednesday, April 26th. BMO Capital Markets reaffirmed a “buy” rating and set a $159.00 price objective on shares of McDonald’s Corporation in a report on Thursday, April 27th. Argus raised McDonald’s Corporation from a “hold” rating to a “buy” rating and lifted their price objective for the company from $140.84 to $158.00 in a report on Thursday, April 27th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $140.00 price objective on shares of McDonald’s Corporation in a report on Wednesday, July 19th. Thirteen analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $162.16.

In related news, CFO Kevin M. Ozan sold 25,322 shares of the business’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 transaction, the chief financial officer now directly owns 24,039 shares in the company, valued at $3,810,181.50. 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 business’s stock in a transaction dated Wednesday, July 26th. The stock was 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. Over the last 90 days, insiders have sold 54,363 shares of company stock worth $8,615,125. 0.24% of the stock is owned by corporate insiders.

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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