CKW Financial Group increased its stake in shares of McDonald’s Corporation (NYSE:MCD) by 0.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 101,366 shares of the fast-food giant’s stock after purchasing an additional 569 shares during the period. McDonald’s Corporation makes up approximately 4.0% of CKW Financial Group’s investment portfolio, making the stock its 6th largest position. CKW Financial Group’s holdings in McDonald’s Corporation were worth $15,458,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Waldron LP purchased a new position in McDonald’s Corporation in the 1st quarter valued at approximately $260,000. Investment Counsel Inc. boosted its position in McDonald’s Corporation by 8.2% in the 1st quarter. Investment Counsel Inc. now owns 20,026 shares of the fast-food giant’s stock valued at $2,596,000 after buying an additional 1,525 shares during the period. Paragon Capital Management Ltd purchased a new position in McDonald’s Corporation in the 1st quarter valued at approximately $333,000. Parsec Financial Management Inc. boosted its position in McDonald’s Corporation by 10.5% in the 1st quarter. Parsec Financial Management Inc. now owns 2,638 shares of the fast-food giant’s stock valued at $342,000 after buying an additional 251 shares during the period. Finally, Gamble Jones Investment Counsel boosted its position in McDonald’s Corporation by 2.1% in the 1st quarter. Gamble Jones Investment Counsel now owns 60,950 shares of the fast-food giant’s stock valued at $7,900,000 after buying an additional 1,226 shares during the period. 67.92% of the stock is owned by hedge funds and other institutional investors.

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MCD has been the subject of several recent research reports. 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 report on Thursday, June 22nd. BTIG Research raised their price target on shares of McDonald’s Corporation from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, June 29th. Deutsche Bank AG raised their price target on shares of McDonald’s Corporation from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Piper Jaffray Companies reissued a “buy” rating and issued a $153.00 price target on shares of McDonald’s Corporation in a research report on Friday, July 14th. Finally, J P Morgan Chase & Co set a $170.00 price target on shares of McDonald’s Corporation and gave the company a “buy” rating in a research report on Thursday, July 20th. Ten analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $168.19.

McDonald’s Corporation (NYSE MCD) opened at 165.40 on Wednesday. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $166.02. The firm has a 50-day moving average of $158.72 and a 200-day moving average of $151.02. The firm has a market capitalization of $133.97 billion, a price-to-earnings ratio of 27.07 and a beta of 0.69.

McDonald’s Corporation (NYSE:MCD) last issued its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.08. The company had revenue of $6.05 billion for 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 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 earnings per share. On average, analysts expect that McDonald’s Corporation will post $6.56 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.44%. 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 61.54%.

In other McDonald’s Corporation news, EVP Jerome N. Krulewitch sold 11,755 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $158.38, for a total transaction of $1,861,756.90. Following the sale, the executive vice president now directly owns 11,755 shares of the company’s stock, valued at $1,861,756.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevin M. Ozan sold 25,322 shares of the stock in a transaction on Wednesday, July 26th. The stock was 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 directly owns 24,039 shares in the company, valued at $3,810,181.50. The disclosure for this sale can be found here. Insiders have sold 69,938 shares of company stock worth $11,033,009 over the last three months. 0.24% of the stock is owned by corporate insiders.

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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