Leavell Investment Management Inc. raised its position in shares of McDonald’s Corporation (NYSE:MCD) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,869 shares of the fast-food giant’s stock after acquiring an additional 150 shares during the period. Leavell Investment Management Inc.’s holdings in McDonald’s Corporation were worth $5,953,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MCD. Proficio Capital Partners LLC boosted its holdings in McDonald’s Corporation by 87.8% during the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock valued at $111,000 after acquiring an additional 346 shares during the period. Vigilant Capital Management LLC boosted its holdings in McDonald’s Corporation by 9.4% during the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock valued at $127,000 after acquiring an additional 84 shares during the period. Signature Estate & Investment Advisors LLC bought a new stake in McDonald’s Corporation during the first quarter valued at about $146,000. Acrospire Investment Management LLC bought a new stake in McDonald’s Corporation during the second quarter valued at about $153,000. Finally, Hudock Capital Group LLC boosted its holdings in McDonald’s Corporation by 5.9% during the first quarter. Hudock Capital Group LLC now owns 1,493 shares of the fast-food giant’s stock valued at $193,000 after acquiring an additional 83 shares during the period. Institutional investors own 67.92% of the company’s stock.

MCD has been the subject of a number of recent analyst reports. Vetr cut shares of McDonald’s Corporation from a “hold” rating to a “sell” rating and set a $147.92 price target for the company. in a report on Monday, June 5th. Credit Suisse Group restated an “outperform” rating and set a $165.00 price target (up from $157.00) on shares of McDonald’s Corporation in a report on Thursday, June 8th. Mizuho initiated coverage on shares of McDonald’s Corporation in a report on Thursday, June 8th. They set a “buy” rating and a $168.00 price target for the company. Bank of America Corporation upped their price target on shares of McDonald’s Corporation from $165.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, June 13th. Finally, Jefferies Group LLC restated a “hold” rating and set a $140.00 price target on shares of McDonald’s Corporation in a report on Friday, June 16th. Ten investment 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 has an average rating of “Buy” and an average price target of $163.19.

In other McDonald’s Corporation news, EVP David Ogden Fairhurst sold 4,782 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $157.05, for a total transaction of $751,013.10. Following the sale, the executive vice president now directly owns 6,954 shares of the company’s stock, valued at approximately $1,092,125.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Douglas M. Goare sold 17,286 shares of the business’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 $2,739,831.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,938 shares of company stock valued at $11,033,009. 0.24% of the stock is owned by corporate insiders.

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McDonald’s Corporation (NYSE MCD) traded down 0.51% during mid-day trading on Friday, hitting $156.68. 3,670,057 shares of the stock traded hands. The stock has a market capitalization of $126.91 billion, a PE ratio of 25.65 and a beta of 0.70. McDonald’s Corporation has a one year low of $110.33 and a one year high of $161.72. The company has a 50 day moving average price of $157.70 and a 200-day moving average price of $147.07.

McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.08. The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.45 EPS. Equities analysts anticipate that McDonald’s Corporation will post $6.56 earnings per share for the current fiscal year.

The business 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 dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.58%. This is a boost from McDonald’s Corporation’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, November 30th. McDonald’s Corporation’s dividend payout ratio is currently 61.54%.

McDonald’s Corporation 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.

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

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