HM Payson & Co. lowered its stake in McDonald’s Corporation (NYSE:MCD) by 2.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 332,708 shares of the fast-food giant’s stock after selling 7,188 shares during the quarter. McDonald’s Corporation comprises 2.3% of HM Payson & Co.’s portfolio, making the stock its 6th largest position. HM Payson & Co.’s holdings in McDonald’s Corporation were worth $50,957,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Canada Pension Plan Investment Board grew its stake in shares of McDonald’s Corporation by 1.0% in the second quarter. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant’s stock valued at $68,805,000 after buying an additional 4,300 shares in the last quarter. Legacy Capital Partners Inc. grew its stake in McDonald’s Corporation by 7.0% during the 1st quarter. Legacy Capital Partners Inc. now owns 26,154 shares of the fast-food giant’s stock valued at $3,390,000 after purchasing an additional 1,706 shares in the last quarter. Teacher Retirement System of Texas grew its stake in McDonald’s Corporation by 10.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock valued at $71,558,000 after purchasing an additional 44,899 shares in the last quarter. Holderness Investments Co. grew its stake in McDonald’s Corporation by 323.7% during the 1st quarter. Holderness Investments Co. now owns 10,589 shares of the fast-food giant’s stock valued at $1,372,000 after purchasing an additional 8,090 shares in the last quarter. Finally, Cypress Asset Management Inc. TX grew its stake in McDonald’s Corporation by 136.4% during the 2nd quarter. Cypress Asset Management Inc. TX now owns 28,274 shares of the fast-food giant’s stock valued at $4,330,000 after purchasing an additional 16,315 shares in the last quarter. Institutional investors and hedge funds own 67.99% of the company’s stock.

In related news, VP James R. Sappington sold 8,046 shares of McDonald’s Corporation stock in a transaction on 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 directly owns 15,739 shares in the company, valued at approximately $2,596,935. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 10,793 shares of McDonald’s Corporation stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $154.44, for a total value of $1,666,870.92. Following the completion of the transaction, 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. Insiders sold a total of 23,621 shares of company stock worth $3,745,474 in the last three months. Company insiders own 0.24% of the company’s stock.

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Shares of McDonald’s Corporation (NYSE MCD) opened at $168.65 on Friday. McDonald’s Corporation has a 12 month low of $110.83 and a 12 month high of $169.45. The company has a quick ratio of 2.13, a current ratio of 2.15 and a debt-to-equity ratio of -14.07. The company has a market capitalization of $134,445.41, a price-to-earnings ratio of 26.35, a PEG ratio of 2.76 and a beta of 0.67.

McDonald’s Corporation (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.01. McDonald’s Corporation had a negative return on equity of 252.87% and a net margin of 24.19%. The company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.75 billion. During the same quarter in the previous year, the business earned $1.62 EPS. The company’s quarterly revenue was down 10.4% compared to the same quarter last year. research analysts forecast that McDonald’s Corporation will post 6.52 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s payout ratio is currently 54.26%.

A number of equities research analysts have weighed in 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 lowered McDonald’s Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Argus restated a “buy” rating and set 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) restated a “buy” rating and set 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 restated a “buy” rating and set 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 investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $169.93.

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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