Usca Ria LLC cut its holdings in McDonald’s Corporation (NYSE:MCD) by 50.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,190 shares of the fast-food giant’s stock after selling 28,796 shares during the period. Usca Ria LLC’s holdings in McDonald’s Corporation were worth $4,318,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Jennison Associates LLC raised its stake in McDonald’s Corporation by 681.3% in 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. Harbour Capital Advisors LLC raised its stake in McDonald’s Corporation by 12,624.8% in the 2nd quarter. Harbour Capital Advisors LLC now owns 767,178 shares of the fast-food giant’s stock valued at $5,009,000 after purchasing an additional 761,149 shares during the last quarter. Private Vista LLC raised its stake in McDonald’s Corporation by 7,878.0% in the 2nd quarter. Private Vista LLC now owns 692,806 shares of the fast-food giant’s stock valued at $657,000 after purchasing an additional 684,122 shares during the last quarter. Swiss National Bank raised its stake in McDonald’s Corporation by 18.0% in 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, Karp Capital Management Corp acquired a new position in McDonald’s Corporation in the 1st quarter valued at about $66,583,000. Institutional investors and hedge funds own 69.01% of the company’s stock.

McDonald’s Corporation (MCD) opened at $167.37 on Tuesday. McDonald’s Corporation has a one year low of $114.72 and a one year high of $170.92. The stock has a market capitalization of $132,005.97, a price-to-earnings ratio of 25.87, a P/E/G ratio of 2.71 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $1.01 per share. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a yield of 2.41%. McDonald’s Corporation’s dividend payout ratio (DPR) is 54.26%.

Several brokerages recently weighed in on MCD. Goldman Sachs Group, Inc. (The) set a $173.00 target price on shares of McDonald’s Corporation and gave the company a “buy” rating in a research note on Wednesday, November 8th. Zacks Investment Research downgraded shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Deutsche Bank AG set a $185.00 target price on shares of McDonald’s Corporation and gave the company a “buy” rating in a research note on Thursday, October 26th. Credit Suisse Group boosted their target price on shares of McDonald’s Corporation from $170.00 to $178.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Finally, BMO Capital Markets set a $175.00 target price on shares of McDonald’s Corporation and gave the company a “buy” rating in a research note on Wednesday, October 25th. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $169.96.

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In related news, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the transaction, the vice president now directly owns 15,739 shares in the company, valued at $2,596,935. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.24% of the company’s stock.

McDonald’s Corporation 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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