Summit Global Investments increased its stake in shares of McDonald’s Corporation (NYSE:MCD) by 33.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,774 shares of the fast-food giant’s stock after buying an additional 5,464 shares during the period. Summit Global Investments’ holdings in McDonald’s Corporation were worth $2,822,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Diversified Trust Co increased its position in McDonald’s Corporation by 0.3% in the first quarter. Diversified Trust Co now owns 1,986 shares of the fast-food giant’s stock valued at $257,000 after buying an additional 6 shares in the last quarter. Catawba Capital Management VA increased 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 valued at $382,000 after buying an additional 9 shares in the last quarter. Van Cleef Asset Management Inc increased its position in McDonald’s Corporation by 0.4% in the first quarter. Van Cleef Asset Management Inc now owns 2,550 shares of the fast-food giant’s stock valued at $331,000 after buying an additional 11 shares in the last quarter. Alpha Windward LLC increased its position in McDonald’s Corporation by 0.7% in the first quarter. Alpha Windward LLC now owns 3,253 shares of the fast-food giant’s stock valued at $422,000 after buying an additional 24 shares in the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV increased its position in McDonald’s Corporation by 0.5% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 5,014 shares of the fast-food giant’s stock valued at $650,000 after buying an additional 25 shares in the last quarter. Institutional investors own 68.20% of the company’s stock.

McDonald’s Corporation (NYSE MCD) traded down 0.315% during mid-day trading on Monday, hitting $156.805. 605,009 shares of the stock traded hands. McDonald’s Corporation has a 12-month low of $110.33 and a 12-month high of $159.98. The stock has a 50 day moving average price of $154.85 and a 200 day moving average price of $140.61. The firm has a market cap of $127.01 billion, a PE ratio of 25.668 and a beta of 0.70.

McDonald’s Corporation (NYSE:MCD) last released 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 for the quarter, compared to the consensus estimate of $5.96 billion. During the same period in the previous year, the firm earned $1.45 EPS. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts expect that McDonald’s Corporation will post $6.55 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be issued a $0.94 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.39%. McDonald’s Corporation’s payout ratio is currently 61.54%.

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Several research firms have issued reports on MCD. Sanford C. Bernstein upgraded shares of McDonald’s Corporation from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $129.00 to $160.00 in a research note on Tuesday, April 18th. UBS AG set a $143.00 price objective on shares of McDonald’s Corporation and gave the company a “neutral” rating in a research note on Wednesday, April 26th. BMO Capital Markets restated a “buy” rating and issued a $159.00 price objective on shares of McDonald’s Corporation in a research note on Thursday, April 27th. Argus upgraded shares of McDonald’s Corporation from a “hold” rating to a “buy” rating and upped their price objective for the company from $140.84 to $158.00 in a research note on Thursday, April 27th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $140.00 price objective on shares of McDonald’s Corporation in a research note on Wednesday, July 19th. Thirteen research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $162.16.

In other news, insider Joseph M. Erlinger sold 10,793 shares of the business’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 sale, the insider now owns 7,318 shares in the company, valued at $1,130,191.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kevin M. Ozan sold 25,322 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 24,039 shares in the company, valued at approximately $3,810,181.50. The disclosure for this sale can be found here. Insiders sold a total of 65,156 shares of company stock worth $10,281,996 over the last quarter. 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.

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

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