Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its holdings in McDonald’s Corporation (NYSE:MCD) by 2.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 161,675 shares of the fast-food giant’s stock after selling 3,762 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in McDonald’s Corporation were worth $25,082,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board raised 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 worth $68,805,000 after purchasing an additional 4,300 shares during the last quarter. Legacy Capital Partners Inc. raised its stake in shares of McDonald’s Corporation by 7.0% in the first quarter. Legacy Capital Partners Inc. now owns 26,154 shares of the fast-food giant’s stock worth $3,390,000 after purchasing an additional 1,706 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of McDonald’s Corporation by 10.6% in the second quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock worth $71,558,000 after purchasing an additional 44,899 shares during the last quarter. Holderness Investments Co. raised its stake in shares of McDonald’s Corporation by 323.7% in the first quarter. Holderness Investments Co. now owns 10,589 shares of the fast-food giant’s stock worth $1,372,000 after purchasing an additional 8,090 shares during the last quarter. Finally, Cypress Asset Management Inc. TX raised its stake in shares of McDonald’s Corporation by 136.4% in the second quarter. Cypress Asset Management Inc. TX now owns 28,274 shares of the fast-food giant’s stock worth $4,330,000 after purchasing an additional 16,315 shares during the last quarter. Institutional investors own 69.01% of the company’s stock.

MCD has been the subject of several research analyst reports. Wells Fargo & Company set a $185.00 price objective on McDonald’s Corporation and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Deutsche Bank AG set a $185.00 target price on McDonald’s Corporation and gave the stock a “buy” rating in a report on Friday, October 20th. Nomura set a $172.00 target price on McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, July 19th. Canaccord Genuity reaffirmed a “hold” rating and set a $170.00 target price on shares of McDonald’s Corporation in a report on Friday, October 6th. Finally, Goldman Sachs Group, Inc. (The) set a $174.00 target price on McDonald’s Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $169.96.

In other McDonald’s Corporation 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 sale, the vice president now owns 15,739 shares in the company, valued at $2,596,935. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is owned by insiders.

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Shares of McDonald’s Corporation (NYSE:MCD) opened at $168.11 on Wednesday. McDonald’s Corporation has a 1 year low of $117.02 and a 1 year high of $170.92. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. The company has a market capitalization of $133,424.95, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 2.74 and a beta of 0.67.

McDonald’s Corporation (NYSE:MCD) last posted its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, beating the Zacks’ consensus estimate 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 the consensus estimate of $5.75 billion. During the same quarter in the previous year, the business earned $1.62 earnings per share. The company’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 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $1.01 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $4.04 dividend on an annualized basis and a yield of 2.40%. 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%.

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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