Warren Averett Asset Management LLC trimmed its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 29.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,264 shares of the fast-food giant’s stock after selling 952 shares during the period. Warren Averett Asset Management LLC’s holdings in McDonald’s Corporation were worth $347,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Orrstown Financial Services Inc. boosted its stake 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 boosted its stake 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. Vigilant Capital Management LLC boosted its stake in McDonald’s Corporation by 9.4% in the 1st quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock worth $127,000 after purchasing an additional 84 shares during the period. Acrospire Investment Management LLC acquired a new position in McDonald’s Corporation in the 2nd quarter worth approximately $153,000. Finally, Signature Estate & Investment Advisors LLC acquired a new position in McDonald’s Corporation in the 1st quarter worth approximately $146,000. Hedge funds and other institutional investors own 67.92% of the company’s stock.

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In other McDonald’s Corporation news, insider Douglas M. Goare sold 17,286 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $2,739,831.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP David Ogden Fairhurst sold 4,782 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $157.05, for a total transaction 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,938 shares of company stock worth $11,033,009. 0.24% of the stock is owned by insiders.

A number of equities analysts recently commented on MCD shares. Mizuho reaffirmed a “buy” rating and issued a $173.00 price objective (up previously from $170.00) on shares of McDonald’s Corporation in a research note on Wednesday, September 13th. Royal Bank Of Canada set a $170.00 price objective on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research note on Thursday, June 22nd. Deutsche Bank AG raised their price objective on shares of McDonald’s Corporation from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Robert W. Baird reaffirmed a “buy” rating and issued a $170.00 price objective on shares of McDonald’s Corporation in a research note on Friday, September 1st. Finally, Barclays PLC set a $164.00 price objective on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $164.96.

Shares of McDonald’s Corporation (NYSE:MCD) opened at 159.60 on Friday. The stock’s 50 day moving average is $158.15 and its 200 day moving average is $149.51. The firm has a market capitalization of $129.28 billion, a price-to-earnings ratio of 26.13 and a beta of 0.69. McDonald’s Corporation has a 12 month low of $110.33 and a 12 month high of $161.72.

McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.08. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.96 billion. During the same period last year, the firm earned $1.45 earnings per share. McDonald’s Corporation’s revenue for the quarter was down 3.4% compared to the same quarter last year. Equities research analysts forecast that McDonald’s Corporation will post $6.56 earnings per share for the current fiscal year.

The firm 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 dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.53%. 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. McDonald’s Corporation’s dividend payout ratio (DPR) is currently 61.54%.

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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