Oppenheimer & Co. Inc. lowered its position in shares of McDonald’s Corporation (NYSE:MCD) by 5.7% during the first quarter, Holdings Channel reports. The firm owned 42,171 shares of the fast-food giant’s stock after selling 2,536 shares during the period. Oppenheimer & Co. Inc.’s holdings in McDonald’s Corporation were worth $5,466,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MCD. Oakworth Capital Inc. raised its stake in shares of McDonald’s Corporation by 7.7% in the first quarter. Oakworth Capital Inc. now owns 4,977 shares of the fast-food giant’s stock worth $645,000 after buying an additional 355 shares during the period. Sterling Investment Management Inc. raised its stake in shares of 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 buying an additional 536 shares during the period. Candriam Luxembourg S.C.A. raised its stake in shares of McDonald’s Corporation by 18.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 92,407 shares of the fast-food giant’s stock worth $11,977,000 after buying an additional 14,662 shares during the period. Wealthfront Inc. raised its stake in shares of McDonald’s Corporation by 4.9% in the fourth quarter. Wealthfront Inc. now owns 27,042 shares of the fast-food giant’s stock worth $3,292,000 after buying an additional 1,275 shares during the period. Finally, Chesley Taft & Associates LLC raised its stake in shares of McDonald’s Corporation by 0.3% in the first quarter. Chesley Taft & Associates LLC now owns 34,485 shares of the fast-food giant’s stock worth $4,470,000 after buying an additional 115 shares during the period. 67.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of McDonald’s Corporation (NYSE:MCD) traded up 0.79% during mid-day trading on Friday, reaching $157.85. 1,040,128 shares of the company traded hands. The company has a market capitalization of $127.86 billion, a P/E ratio of 25.84 and a beta of 0.70. The stock’s 50-day moving average is $154.78 and its 200-day moving average is $140.35. McDonald’s Corporation has a 52 week low of $110.33 and a 52 week high of $159.98.

McDonald’s Corporation (NYSE:MCD) last announced its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.08. The company had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.45 earnings per share. On average, equities analysts predict that McDonald’s Corporation will post $6.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Wednesday, August 30th. McDonald’s Corporation’s payout ratio is currently 61.54%.

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MCD has been the topic of a number of research analyst reports. Nomura set a $172.00 price objective on shares of McDonald’s Corporation and gave the company a “buy” rating in a report on Wednesday, July 19th. Wells Fargo & Company reissued an “outperform” rating and set a $175.00 price objective (up from $165.00) on shares of McDonald’s Corporation in a report on Monday, June 26th. Royal Bank Of Canada set a $170.00 price objective on shares of McDonald’s Corporation and gave the company a “buy” rating in a report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $174.00 price objective on shares of McDonald’s Corporation and gave the company a “buy” rating in a report on Thursday, July 27th. Finally, Barclays PLC boosted their price objective on shares of McDonald’s Corporation from $139.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, April 26th. Thirteen analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. McDonald’s Corporation presently has an average rating of “Buy” and an average target price of $162.16.

In other McDonald’s Corporation news, CFO Kevin M. Ozan sold 25,322 shares of McDonald’s Corporation stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the completion of the transaction, the chief financial officer now owns 24,039 shares in the company, valued at $3,810,181.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jerome N. Krulewitch sold 11,755 shares of McDonald’s Corporation stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.38, for a total transaction of $1,861,756.90. Following the transaction, the executive vice president now owns 11,755 shares of the company’s stock, valued at approximately $1,861,756.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,363 shares of company stock valued at $8,615,125. 0.24% of the stock is currently owned by company insiders.

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.

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

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