Sheets Smith Wealth Management increased its position in McDonald’s Corporation (NYSE:MCD) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,489 shares of the fast-food giant’s stock after buying an additional 10 shares during the period. Sheets Smith Wealth Management’s holdings in McDonald’s Corporation were worth $994,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Orrstown Financial Services Inc. increased its stake in McDonald’s Corporation by 17.2% in the second quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock valued at $108,000 after buying an additional 104 shares during the period. Proficio Capital Partners LLC raised its position in shares of McDonald’s Corporation by 87.8% in the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock valued at $111,000 after buying an additional 346 shares in the last quarter. Vigilant Capital Management LLC raised its position in shares of McDonald’s Corporation by 9.4% in the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock valued at $127,000 after buying an additional 84 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in shares of McDonald’s Corporation during the first quarter valued at approximately $146,000. Finally, Acrospire Investment Management LLC purchased a new position in shares of McDonald’s Corporation during the second quarter valued at approximately $153,000. Institutional investors own 67.52% of the company’s stock.

Shares of McDonald’s Corporation (NYSE MCD) traded up 0.63% during trading on Friday, reaching $157.61. The company had a trading volume of 1,571,037 shares. The stock has a market capitalization of $127.66 billion, a PE ratio of 25.80 and a beta of 0.70. McDonald’s Corporation has a 12 month low of $110.33 and a 12 month high of $159.98. The stock’s 50-day moving average price is $154.78 and its 200-day moving average price is $140.35.

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

The business 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. The ex-dividend date is Wednesday, August 30th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.40%. McDonald’s Corporation’s dividend payout ratio (DPR) is presently 61.54%.

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Several research firms have issued reports on MCD. Royal Bank Of Canada set a $170.00 target price on McDonald’s Corporation and gave the company a “buy” rating in a research note on Thursday, June 22nd. Deutsche Bank AG lifted their target price 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. Zacks Investment Research upgraded McDonald’s Corporation from a “hold” rating to a “buy” rating and set a $172.00 target price on the stock in a research note on Tuesday, June 27th. Vetr upgraded McDonald’s Corporation from a “sell” rating to a “buy” rating and set a $145.38 target price on the stock in a research note on Tuesday, April 18th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $157.00 target price (up previously from $137.00) on shares of McDonald’s Corporation in a research note on Saturday, April 29th. Thirteen analysts have rated the stock with a hold rating and twenty-two have assigned 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, EVP Jerome N. Krulewitch sold 11,755 shares of the stock in a transaction on 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 completion of the sale, the executive vice president now owns 11,755 shares in the company, valued at approximately $1,861,756.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin M. Ozan sold 25,322 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $3,810,181.50. The disclosure for this sale can be found here. Insiders have sold a total of 54,363 shares of company stock valued at $8,615,125 in the last quarter. Insiders own 0.24% of the company’s stock.

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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