Beach Investment Counsel Inc. PA maintained its position in shares of McDonald’s Corporation (NYSE:MCD) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,935 shares of the fast-food giant’s stock at the end of the first quarter. Beach Investment Counsel Inc. PA’s holdings in McDonald’s Corporation were worth $251,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of MCD. Sunbelt Securities Inc. increased its position in shares of McDonald’s Corporation by 1.5% in the first quarter. Sunbelt Securities Inc. now owns 4,258 shares of the fast-food giant’s stock worth $552,000 after buying an additional 63 shares during the period. Fortaleza Asset Management Inc. boosted its stake in shares of McDonald’s Corporation by 32.5% in the first quarter. Fortaleza Asset Management Inc. now owns 5,685 shares of the fast-food giant’s stock worth $737,000 after buying an additional 1,395 shares in the last quarter. IMS Capital Management bought a new stake in shares of McDonald’s Corporation during the first quarter worth $276,000. Neuburgh Advisers LLC boosted its stake in shares of McDonald’s Corporation by 9.9% in the first quarter. Neuburgh Advisers LLC now owns 31,570 shares of the fast-food giant’s stock worth $4,092,000 after buying an additional 2,838 shares in the last quarter. Finally, FormulaFolio Investments LLC boosted its stake in shares of McDonald’s Corporation by 55.0% in the first quarter. FormulaFolio Investments LLC now owns 3,747 shares of the fast-food giant’s stock worth $486,000 after buying an additional 1,329 shares in the last quarter. 67.94% of the stock is currently owned by institutional investors.

McDonald’s Corporation (NYSE MCD) traded up 0.066% during mid-day trading on Thursday, reaching $159.635. 567,774 shares of the company traded hands. The stock has a market capitalization of $129.30 billion, a PE ratio of 26.131 and a beta of 0.70. The firm’s 50-day moving average is $156.16 and its 200 day moving average is $143.15. McDonald’s Corporation has a 52-week low of $110.33 and a 52-week high of $159.98. McDonald’s Corporation also was the target of some unusual options trading on Tuesday. Stock traders purchased 24,117 call options on the company. This represents an increase of 418% compared to the average volume of 4,654 call options.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders 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 dividend yield of 2.36%. The ex-dividend date of this dividend is Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio is presently 61.54%.

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MCD has been the subject of a number of recent analyst reports. Royal Bank Of Canada set a $170.00 price target on shares of McDonald’s Corporation and gave the company a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research upgraded shares of McDonald’s Corporation from a “hold” rating to a “buy” rating and set a $172.00 price target for the company in a research report on Tuesday, June 27th. Deutsche Bank AG lifted their price target on shares of McDonald’s Corporation from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Barclays PLC set a $164.00 price target on shares of McDonald’s Corporation and gave the company a “buy” rating in a research report on Wednesday, July 19th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $165.00 price target (up from $157.00) on shares of McDonald’s Corporation in a research report on Thursday, June 8th. Twelve equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $162.16.

In other news, insider Joseph M. Erlinger sold 10,793 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $154.44, for a total transaction of $1,666,870.92. Following the sale, the insider now directly owns 7,318 shares in the company, valued at $1,130,191.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kevin M. Ozan sold 25,322 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total value of $4,013,537.00. Following the sale, the chief financial officer now owns 24,039 shares in the company, valued at $3,810,181.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,938 shares of company stock worth $11,033,009. 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.

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

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