Quotient Investors LLC held its stake in shares of McDonald’s Corporation (NYSE:MCD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,600 shares of the fast-food giant’s stock at the end of the second quarter. Quotient Investors LLC’s holdings in McDonald’s Corporation were worth $1,503,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MCD. Burke & Herbert Bank & Trust Co. boosted its stake in shares of McDonald’s Corporation by 1.9% in the first quarter. Burke & Herbert Bank & Trust Co. now owns 4,785 shares of the fast-food giant’s stock worth $620,000 after buying an additional 90 shares in the last quarter. Douglass Winthrop Advisors LLC raised its position in McDonald’s Corporation by 3.2% in the first quarter. Douglass Winthrop Advisors LLC now owns 57,778 shares of the fast-food giant’s stock worth $7,489,000 after buying an additional 1,766 shares during the last quarter. Trust Co raised its position in McDonald’s Corporation by 1.4% in the fourth quarter. Trust Co now owns 28,797 shares of the fast-food giant’s stock worth $3,506,000 after buying an additional 398 shares during the last quarter. Catawba Capital Management VA raised its position 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. Finally, Confluence Investment Management LLC raised its position in McDonald’s Corporation by 6.4% in the first quarter. Confluence Investment Management LLC now owns 105,813 shares of the fast-food giant’s stock worth $13,714,000 after buying an additional 6,346 shares during the last quarter. Institutional investors and hedge funds own 68.20% of the company’s stock.

McDonald’s Corporation (NYSE:MCD) traded up 0.76% during trading on Wednesday, hitting $158.82. The stock had a trading volume of 872,915 shares. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $159.98. The company has a market capitalization of $128.64 billion, a P/E ratio of 26.00 and a beta of 0.70. The stock’s 50-day moving average price is $155.03 and its 200-day moving average price is $141.40.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be given 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 61.54%.

TRADEMARK VIOLATION NOTICE: “McDonald’s Corporation (MCD) Position Maintained by Quotient Investors LLC” was published by Watch List News and is owned by of Watch List News. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://www.watchlistnews.com/mcdonalds-corporation-mcd-position-maintained-by-quotient-investors-llc/1496223.html.

A number of equities analysts recently weighed in on MCD shares. Credit Suisse Group reissued an “outperform” rating and issued a $170.00 price target (up previously from $165.00) on shares of McDonald’s Corporation in a research note on Wednesday, July 26th. Robert W. Baird set a $170.00 target price on McDonald’s Corporation and gave the company a “buy” rating in a research note on Wednesday, July 26th. Stephens reaffirmed an “overweight” rating and set a $155.00 target price on shares of McDonald’s Corporation in a research note on Wednesday, July 26th. Morgan Stanley reaffirmed an “equal weight” rating and set a $162.00 target price (up previously from $150.00) on shares of McDonald’s Corporation in a research note on Wednesday, July 26th. Finally, Sanford C. Bernstein set a $180.00 target price on McDonald’s Corporation and gave the company a “buy” rating in a research note on Wednesday, July 26th. Twelve research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. McDonald’s Corporation presently 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 McDonald’s Corporation stock in a transaction on 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 owns 24,039 shares in the company, valued at approximately $3,810,181.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP David Ogden Fairhurst sold 4,782 shares of McDonald’s Corporation stock in a transaction 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 transaction, the executive vice president now owns 6,954 shares in the company, valued at approximately $1,092,125.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,938 shares of company stock valued at $11,033,009. Insiders own 0.24% of the company’s stock.

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.

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Corporation (NYSE:MCD).

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

Receive News & Ratings for McDonald's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.