Commerce Bank trimmed its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 7.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 265,022 shares of the fast-food giant’s stock after selling 20,666 shares during the quarter. Commerce Bank’s holdings in McDonald’s Corporation were worth $40,591,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC increased its position in shares of McDonald’s Corporation by 87.8% during the first 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 in the last quarter. Acrospire Investment Management LLC purchased a new stake in shares of McDonald’s Corporation during the second quarter worth approximately $153,000. QCI Asset Management Inc. NY increased its position in shares of McDonald’s Corporation by 22.4% during the second quarter. QCI Asset Management Inc. NY now owns 1,094 shares of the fast-food giant’s stock worth $168,000 after purchasing an additional 200 shares in the last quarter. AlphaMark Advisors LLC increased its position in shares of McDonald’s Corporation by 0.4% during the second quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock worth $197,000 after purchasing an additional 5 shares in the last quarter. Finally, Zions Bancorporation increased its position in shares of McDonald’s Corporation by 44.6% during the first quarter. Zions Bancorporation now owns 1,546 shares of the fast-food giant’s stock worth $201,000 after purchasing an additional 477 shares in the last quarter. 67.95% of the stock is owned by institutional investors and hedge funds.

Several analysts recently commented on the company. Goldman Sachs Group, Inc. (The) set a $173.00 price target on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Zacks Investment Research cut McDonald’s Corporation from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Deutsche Bank AG set a $185.00 price target on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Thursday, October 26th. Credit Suisse Group boosted their price target on McDonald’s Corporation from $170.00 to $178.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Finally, BMO Capital Markets set a $175.00 price target on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Eleven analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $169.96.

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In other news, VP James R. Sappington sold 8,046 shares of the stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total value of $1,327,590.00. Following the transaction, the vice president now owns 15,739 shares in the company, valued at approximately $2,596,935. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Shares of McDonald’s Corporation (NYSE:MCD) opened at $169.05 on Thursday. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27. The stock has a market capitalization of $134,166.34, a PE ratio of 26.30, a price-to-earnings-growth ratio of 2.75 and a beta of 0.67. McDonald’s Corporation has a 12-month low of $117.71 and a 12-month high of $170.92.

McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 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 business had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.75 billion. During the same quarter in the prior year, the business posted $1.62 EPS. The business’s revenue for the quarter was down 10.4% on a year-over-year basis. equities research analysts expect that McDonald’s Corporation will post 6.52 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $1.01 dividend. The ex-dividend date is Thursday, November 30th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.39%. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s dividend payout ratio is presently 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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