Capital Analysts LLC trimmed its position in shares of McDonald’s Corporation (NYSE:MCD) by 14.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,130 shares of the fast-food giant’s stock after selling 1,177 shares during the period. Capital Analysts LLC’s holdings in McDonald’s Corporation were worth $1,092,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Proficio Capital Partners LLC grew its position in McDonald’s Corporation by 0.7% during the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after purchasing an additional 5 shares in the last quarter. Winch Advisory Services LLC grew its position in McDonald’s Corporation by 0.4% during the 2nd quarter. Winch Advisory Services LLC now owns 1,598 shares of the fast-food giant’s stock worth $245,000 after purchasing an additional 7 shares in the last quarter. Valmark Advisers Inc. grew its position in McDonald’s Corporation by 0.3% during the 2nd quarter. Valmark Advisers Inc. now owns 2,381 shares of the fast-food giant’s stock worth $365,000 after purchasing an additional 8 shares in the last quarter. Advisors Preferred LLC grew its position in McDonald’s Corporation by 0.5% during the 2nd quarter. Advisors Preferred LLC now owns 2,850 shares of the fast-food giant’s stock worth $437,000 after purchasing an additional 14 shares in the last quarter. Finally, Capital Investment Advisory Services LLC grew its position in McDonald’s Corporation by 1.2% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 1,568 shares of the fast-food giant’s stock worth $240,000 after purchasing an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 69.01% of the company’s stock.

Shares of McDonald’s Corporation (MCD) opened at $166.72 on Friday. McDonald’s Corporation has a 52 week low of $117.71 and a 52 week high of $170.92. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. The company has a market cap of $132,906.84, a P/E ratio of 26.05, a PEG ratio of 2.73 and a beta of 0.67.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $1.01 dividend. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a yield of 2.42%. The ex-dividend date is Thursday, November 30th. McDonald’s Corporation’s dividend payout ratio is currently 54.26%.

Several research firms have recently commented on MCD. Royal Bank Of Canada set a $175.00 price target on shares of McDonald’s Corporation and gave the company a “buy” rating in a report on Wednesday, July 26th. Sanford C. Bernstein restated an “outperform” rating and set a $170.00 price target on shares of McDonald’s Corporation in a report on Tuesday, July 25th. BidaskClub cut shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Robert W. Baird restated an “outperform” rating and set a $170.00 price target on shares of McDonald’s Corporation in a report on Tuesday, October 3rd. Finally, Bank of America Corporation restated a “buy” rating and set a $175.00 price target on shares of McDonald’s Corporation in a report on Monday, August 14th. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $169.96.

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In related news, VP James R. Sappington sold 8,046 shares of the stock in a transaction that occurred on 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 transaction, the vice president now directly owns 15,739 shares in the company, valued at $2,596,935. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.24% of the company’s stock.

McDonald’s Corporation Company 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.

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

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