Boston Private Wealth LLC reduced its holdings in McDonald’s Corporation (NYSE:MCD) by 7.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 89,963 shares of the fast-food giant’s stock after selling 6,856 shares during the quarter. Boston Private Wealth LLC’s holdings in McDonald’s Corporation were worth $13,779,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MCD. Advisory Services Network LLC bought a new stake in McDonald’s Corporation in the first quarter worth approximately $1,176,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in McDonald’s Corporation by 1.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 152,447 shares of the fast-food giant’s stock worth $19,759,000 after purchasing an additional 2,557 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its holdings in McDonald’s Corporation by 0.6% in the first quarter. Kornitzer Capital Management Inc. KS now owns 315,790 shares of the fast-food giant’s stock worth $40,930,000 after purchasing an additional 1,877 shares in the last quarter. Sterling Investment Management Inc. increased its holdings in McDonald’s Corporation by 4.9% in the first quarter. Sterling Investment Management Inc. now owns 11,486 shares of the fast-food giant’s stock worth $1,489,000 after purchasing an additional 536 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC increased its holdings in McDonald’s Corporation by 0.5% in the first quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 24,319 shares of the fast-food giant’s stock worth $3,152,000 after purchasing an additional 129 shares in the last quarter. Institutional investors and hedge funds own 68.03% of the company’s stock.

A number of equities research analysts have commented on MCD shares. Deutsche Bank AG raised their price objective on McDonald’s Corporation from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 10th. BidaskClub cut McDonald’s Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Argus reissued a “buy” rating and issued a $175.00 price objective (up previously from $158.00) on shares of McDonald’s Corporation in a research note on Saturday, July 22nd. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $167.00 price objective (up previously from $153.00) on shares of McDonald’s Corporation in a research note on Friday, July 21st. Finally, Instinet reissued a “buy” rating and issued a $172.00 price objective (up previously from $161.00) on shares of McDonald’s Corporation in a research note on Friday, July 21st. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. McDonald’s Corporation presently has an average rating of “Buy” and an average price target of $169.93.

Shares of McDonald’s Corporation (NYSE MCD) opened at $170.08 on Tuesday. 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 has a one year low of $110.83 and a one year high of $170.42. The stock has a market capitalization of $134,445.34, a price-to-earnings ratio of 26.35, a P/E/G ratio of 2.76 and a beta of 0.67.

McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.01. McDonald’s Corporation had a negative return on equity of 216.45% and a net margin of 24.19%. The company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. During the same period in the previous year, the company posted $1.62 EPS. The firm’s revenue for the quarter was down 10.4% compared to the same quarter last year. research analysts anticipate that McDonald’s Corporation will post 6.52 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.38%. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, November 30th. McDonald’s Corporation’s payout ratio is presently 54.26%.

In related news, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the sale, the vice president now directly owns 15,739 shares in the company, valued at approximately $2,596,935. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 10,793 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $154.44, for a total value 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,621 shares of company stock worth $3,745,474. 0.24% of the stock is currently owned by corporate insiders.

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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.

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

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