First Personal Financial Services raised its stake in McDonald’s Corporation (NYSE:MCD) by 7.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,307 shares of the fast-food giant’s stock after purchasing an additional 1,816 shares during the quarter. First Personal Financial Services’ holdings in McDonald’s Corporation were worth $4,182,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Greenleaf Trust lifted its holdings in shares of McDonald’s Corporation by 21.2% during the 1st quarter. Greenleaf Trust now owns 2,473 shares of the fast-food giant’s stock valued at $321,000 after acquiring an additional 433 shares in the last quarter. Oxbow Advisors LLC lifted its holdings in shares of McDonald’s Corporation by 14.9% during the 1st quarter. Oxbow Advisors LLC now owns 4,616 shares of the fast-food giant’s stock valued at $598,000 after acquiring an additional 598 shares in the last quarter. Linscomb & Williams Inc. lifted its holdings in shares of McDonald’s Corporation by 6.5% during the 1st quarter. Linscomb & Williams Inc. now owns 37,014 shares of the fast-food giant’s stock valued at $4,797,000 after acquiring an additional 2,253 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of McDonald’s Corporation by 136.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 444,937 shares of the fast-food giant’s stock valued at $57,668,000 after acquiring an additional 256,785 shares in the last quarter. Finally, Brookstone Capital Management acquired a new position in shares of McDonald’s Corporation during the 1st quarter valued at $262,000. Institutional investors own 67.99% of the company’s stock.

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In other McDonald’s Corporation news, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total value of $1,327,590.00. Following the completion of the sale, the vice president now owns 15,739 shares in the company, valued at approximately $2,596,935. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 10,793 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 7,318 shares of the company’s stock, valued at approximately $1,130,191.92. 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 in the last quarter. 0.24% of the stock is currently owned by corporate insiders.

Several equities analysts recently weighed in on MCD shares. Deutsche Bank AG set a $185.00 target price on shares of McDonald’s Corporation and gave the company a “buy” rating in a report on Friday, October 20th. Wells Fargo & Company set a $185.00 target price on shares of McDonald’s Corporation and gave the company a “buy” rating in a report on Wednesday, October 25th. Nomura set a $172.00 target price on shares of McDonald’s Corporation and gave the company a “buy” rating in a report on Wednesday, July 19th. Canaccord Genuity restated a “hold” rating and set a $170.00 target price on shares of McDonald’s Corporation in a report on Friday, October 6th. Finally, Goldman Sachs Group, Inc. (The) set a $174.00 target price on shares of McDonald’s Corporation and gave the company a “buy” rating in a report on Thursday, July 27th. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $169.93.

McDonald’s Corporation (NYSE:MCD) last announced its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.01. The business 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 252.87%. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same quarter last year, the company posted $1.62 EPS.

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.40%. This is a boost from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s dividend payout ratio (DPR) is 54.26%.

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.

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

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