Richard Bernstein Advisors LLC continued to hold its position in shares of McDonald’s Corporation (NYSE:MCD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,266 shares of the fast-food giant’s stock at the close of the 2nd quarter. Richard Bernstein Advisors LLC’s holdings in McDonald’s Corporation were worth $7,392,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MCD. Orrstown Financial Services Inc. grew its holdings in shares of McDonald’s Corporation by 17.2% in the 2nd quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock worth $108,000 after purchasing an additional 104 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in shares of McDonald’s Corporation by 87.8% in the 1st quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after purchasing an additional 346 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in shares of McDonald’s Corporation in the 1st quarter worth about $146,000. Acrospire Investment Management LLC bought a new stake in shares of McDonald’s Corporation in the 2nd quarter worth about $153,000. Finally, Capital Investment Advisory Services LLC bought a new stake in shares of McDonald’s Corporation in the 1st quarter worth about $201,000. 68.03% of the stock is currently owned by institutional investors and hedge funds.

MCD has been the topic of a number of research analyst reports. Deutsche Bank AG increased their price objective on shares of McDonald’s Corporation from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, July 10th. Robert W. Baird reissued an “outperform” rating and set a $164.00 price objective on shares of McDonald’s Corporation in a report on Monday, July 10th. Piper Jaffray Companies reissued a “buy” rating and set a $153.00 price objective on shares of McDonald’s Corporation in a report on Friday, July 14th. Jefferies Group LLC reissued a “hold” rating and set a $140.00 price objective on shares of McDonald’s Corporation in a report on Wednesday, July 19th. Finally, Nomura set a $172.00 price objective on shares of McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, July 19th. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $169.93.

In other news, insider Joseph M. Erlinger sold 10,793 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $154.44, for a total transaction of $1,666,870.92. Following the completion of the transaction, the insider now directly owns 7,318 shares of the company’s stock, valued at approximately $1,130,191.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Ogden Fairhurst sold 4,782 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $157.05, for a total transaction of $751,013.10. Following the transaction, the executive vice president now directly owns 6,954 shares of the company’s stock, valued at $1,092,125.70. The disclosure for this sale can be found here. Insiders have sold a total of 23,621 shares of company stock valued at $3,745,474 over the last ninety days. Company insiders own 0.24% of the company’s stock.

McDonald’s Corporation (MCD) opened at $168.65 on Monday. The firm has a market cap of $134,445.34, a P/E ratio of 26.35, a PEG ratio of 2.76 and a beta of 0.67. McDonald’s Corporation has a 52 week low of $110.83 and a 52 week high of $169.45. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28.

McDonald’s Corporation (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.01. The company had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.75 billion. McDonald’s Corporation had a net margin of 24.19% and a negative return on equity of 216.45%. The business’s quarterly revenue was down 10.4% on a year-over-year basis. During the same period last year, the business earned $1.62 EPS. equities research analysts predict that McDonald’s Corporation will post 6.52 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $1.01 per share. This is a boost from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, November 30th. McDonald’s Corporation’s dividend payout ratio (DPR) is currently 54.26%.

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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.

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

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