State Board of Administration of Florida Retirement System trimmed its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 1.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,202,905 shares of the fast-food giant’s stock after selling 21,518 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.15% of McDonald’s Corporation worth $184,237,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MCD. Orrstown Financial Services Inc. raised its position in McDonald’s Corporation by 17.2% in the 2nd quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock worth $108,000 after purchasing an additional 104 shares during the period. Proficio Capital Partners LLC raised its position in McDonald’s Corporation by 87.8% in the 1st quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after purchasing an additional 346 shares during the period. Signature Estate & Investment Advisors LLC purchased a new stake in McDonald’s Corporation in the 1st quarter worth about $146,000. Acrospire Investment Management LLC purchased a new stake in McDonald’s Corporation in the 2nd quarter worth about $153,000. Finally, Capital Investment Advisory Services LLC bought a new position in McDonald’s Corporation in the 1st quarter worth about $201,000. Hedge funds and other institutional investors own 68.03% of the company’s stock.

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A number of brokerages have commented on MCD. BidaskClub upgraded shares of McDonald’s Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Barclays PLC restated an “overweight” rating and issued a $173.00 target price (up from $164.00) on shares of McDonald’s Corporation in a research note on Wednesday, July 26th. Vetr upgraded shares of McDonald’s Corporation from a “sell” rating to a “hold” rating and set a $159.47 target price on the stock in a research note on Thursday, August 3rd. Bank of America Corporation restated a “buy” rating and issued a $175.00 target price on shares of McDonald’s Corporation in a research note on Monday, August 14th. Finally, Nomura set a $183.00 target price on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Eleven investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $169.93.

Shares of McDonald’s Corporation (MCD) opened at $170.08 on Tuesday. McDonald’s Corporation has a 52-week low of $110.83 and a 52-week high of $170.42. The stock has a market cap of $134,445.34, a PE ratio of 26.35, a PEG ratio of 2.76 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 (NYSE:MCD) last announced its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.01. McDonald’s Corporation had a net margin of 24.19% and a negative return on equity of 216.45%. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. During the same quarter last year, the business earned $1.62 earnings per share. The company’s revenue for the quarter was down 10.4% compared to the same quarter last year. sell-side analysts forecast that McDonald’s Corporation will post 6.52 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $1.01 dividend. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $4.04 annualized dividend and a dividend yield of 2.38%. McDonald’s Corporation’s dividend payout ratio (DPR) is 54.26%.

In other news, EVP David Ogden Fairhurst sold 4,782 shares of McDonald’s Corporation stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $157.05, for a total value of $751,013.10. Following the sale, the executive vice president now owns 6,954 shares in the company, valued at $1,092,125.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 10,793 shares of McDonald’s Corporation stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $154.44, for a total transaction of $1,666,870.92. Following the completion of the sale, the insider now owns 7,318 shares in the company, valued at approximately $1,130,191.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,621 shares of company stock worth $3,745,474. Company insiders own 0.24% of the company’s stock.

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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