Ray Gerald L & Associates Ltd. continued to hold its stake in McDonald’s Corporation (NYSE:MCD) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,101 shares of the fast-food giant’s stock at the close of the 2nd quarter. Ray Gerald L & Associates Ltd.’s holdings in McDonald’s Corporation were worth $1,088,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Jennison Associates LLC raised its stake in McDonald’s Corporation by 681.3% during the 2nd quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock valued at $935,782,000 after purchasing an additional 5,327,778 shares during the last quarter. Legal & General Group Plc raised its stake in McDonald’s Corporation by 3.5% during the 2nd quarter. Legal & General Group Plc now owns 4,388,893 shares of the fast-food giant’s stock valued at $672,205,000 after purchasing an additional 147,589 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in McDonald’s Corporation by 3.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,009,947 shares of the fast-food giant’s stock valued at $614,164,000 after purchasing an additional 127,840 shares during the last quarter. Swiss National Bank raised its stake in McDonald’s Corporation by 18.0% during the 1st quarter. Swiss National Bank now owns 3,653,548 shares of the fast-food giant’s stock valued at $473,536,000 after purchasing an additional 558,300 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in McDonald’s Corporation by 6.8% during the 2nd quarter. Prudential Financial Inc. now owns 2,805,231 shares of the fast-food giant’s stock valued at $429,649,000 after purchasing an additional 179,334 shares during the last quarter. Institutional investors and hedge funds own 67.95% of the company’s stock.

Shares of McDonald’s Corporation (NYSE MCD) opened at $166.72 on Monday. The firm has a market cap of $132,906.78, a P/E ratio of 26.05, a P/E/G ratio of 2.73 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27. McDonald’s Corporation has a 52-week low of $117.71 and a 52-week high of $170.92.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.01. The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.75 billion. McDonald’s Corporation had a net margin of 24.19% and a negative return on equity of 216.45%. McDonald’s Corporation’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same period last year, the company posted $1.62 EPS. research analysts predict that McDonald’s Corporation will post 6.52 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.42%. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, November 30th. McDonald’s Corporation’s dividend payout ratio (DPR) is currently 54.26%.

Several equities analysts recently commented on MCD shares. Canaccord Genuity reiterated a “hold” rating and set a $170.00 target price on shares of McDonald’s Corporation in a research note on Friday, October 6th. Nomura set a $180.00 price target on shares of McDonald’s Corporation and gave the company a “buy” rating in a report on Wednesday, October 25th. Deutsche Bank AG reissued a “buy” rating and issued a $180.00 price target (up previously from $175.00) on shares of McDonald’s Corporation in a report on Wednesday, July 26th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of McDonald’s Corporation in a report on Monday, July 24th. Finally, BidaskClub lowered shares of McDonald’s Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Eleven 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 related news, VP James R. Sappington sold 8,046 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total value of $1,327,590.00. Following the sale, the vice president now directly owns 15,739 shares in the company, valued at approximately $2,596,935. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.24% of the company’s stock.

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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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