Winch Advisory Services LLC grew its stake in shares of McDonald’s Corporation (NYSE:MCD) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,598 shares of the fast-food giant’s stock after purchasing an additional 7 shares during the period. Winch Advisory Services LLC’s holdings in McDonald’s Corporation were worth $245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Jennison Associates LLC lifted its position 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 acquiring an additional 5,327,778 shares during the period. Legal & General Group Plc lifted its position 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 acquiring an additional 147,589 shares during the period. Schwab Charles Investment Management Inc. lifted its position 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 acquiring an additional 127,840 shares during the period. Swiss National Bank lifted its position 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 acquiring an additional 558,300 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in McDonald’s Corporation by 1.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,636,762 shares of the fast-food giant’s stock valued at $403,846,000 after acquiring an additional 46,144 shares during the period. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP David Ogden Fairhurst sold 4,782 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $157.05, for a total transaction of $751,013.10. Following the completion of the transaction, 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 is available through this hyperlink. Also, VP James R. Sappington sold 8,046 shares of the company’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 owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

McDonald’s Corporation (MCD) opened at $165.59 on Friday. 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 has a 12-month low of $114.17 and a 12-month high of $170.92. The firm has a market cap of $132,006.02, a price-to-earnings ratio of 25.87, a P/E/G ratio of 2.71 and a beta of 0.67.

McDonald’s Corporation (NYSE:MCD) last issued its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.75 billion. During the same quarter in the prior year, the business earned $1.62 earnings per share. McDonald’s Corporation’s revenue for the quarter was down 10.4% on a year-over-year basis. analysts expect 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. Investors of record on Friday, December 1st will be given a dividend of $1.01 per share. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, November 30th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.44%. McDonald’s Corporation’s dividend payout ratio is currently 54.26%.

A number of brokerages recently issued reports on MCD. Royal Bank of Canada set a $175.00 price target on shares of McDonald’s Corporation and gave the company a “buy” rating in a research report on Wednesday, July 26th. Sanford C. Bernstein reissued an “outperform” rating and set a $170.00 price target on shares of McDonald’s Corporation in a research report on Tuesday, July 25th. BidaskClub cut shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Robert W. Baird reissued an “outperform” rating and set a $170.00 price target on shares of McDonald’s Corporation in a research report on Tuesday, October 3rd. Finally, Bank of America Corporation reissued a “buy” rating and set a $175.00 price target on shares of McDonald’s Corporation in a research report on Monday, August 14th. Eleven investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $169.96.

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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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