British Airways Pensions Investment Management Ltd continued to hold its position in shares of McDonald’s Corp. (NYSE:MCD) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 399,929 shares of the fast-food giant’s stock at the end of the second quarter. McDonald’s Corp. comprises 1.5% of British Airways Pensions Investment Management Ltd’s investment portfolio, making the stock its 17th largest position. British Airways Pensions Investment Management Ltd’s holdings in McDonald’s Corp. were worth $48,318,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Invictus RG raised its position in McDonald’s Corp. by 364.1% in the first quarter. Invictus RG now owns 919 shares of the fast-food giant’s stock worth $115,000 after buying an additional 721 shares during the period. RPg Family Wealth Advisory LLC raised its position in McDonald’s Corp. by 572.4% in the first quarter. RPg Family Wealth Advisory LLC now owns 975 shares of the fast-food giant’s stock worth $123,000 after buying an additional 830 shares during the period. LGL Partners LLC raised its position in McDonald’s Corp. by 0.4% in the first quarter. LGL Partners LLC now owns 1,722 shares of the fast-food giant’s stock worth $216,000 after buying an additional 7 shares during the period. American Economic Planning Group Inc. ADV purchased a new position in McDonald’s Corp. during the first quarter worth $222,000. Finally, Brookstone Capital Management purchased a new position in McDonald’s Corp. during the second quarter worth $224,000. Institutional investors and hedge funds own 69.10% of the company’s stock.

Institutional Ownership by Quarter for McDonald`s Corp. (NYSE:MCD)

McDonald’s Corp. (NYSE:MCD) traded down 1.14% during midday trading on Friday, hitting $114.09. The company had a trading volume of 5,312,532 shares. McDonald’s Corp. has a one year low of $102.08 and a one year high of $131.96. The company has a market cap of $97.36 billion, a P/E ratio of 21.79 and a beta of 0.61. The company’s 50 day moving average is $115.36 and its 200-day moving average is $121.39.

McDonald’s Corp. (NYSE:MCD) last issued its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.06. The business had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.28 billion. McDonald’s Corp. had a return on equity of 97.56% and a net margin of 18.73%. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 EPS. On average, equities analysts predict that McDonald’s Corp. will post $5.56 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a dividend of $0.94 per share. This is a positive change from McDonald’s Corp.’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 3.30%. McDonald’s Corp.’s dividend payout ratio is currently 68.59%.

A number of research firms recently weighed in on MCD. Deutsche Bank AG lowered their price objective on shares of McDonald’s Corp. from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, July 27th. Goldman Sachs Group Inc. set a $112.00 price objective on shares of McDonald’s Corp. and gave the company a “neutral” rating in a research report on Wednesday, July 27th. RBC Capital Markets reissued an “outperform” rating and issued a $140.00 target price on shares of McDonald’s Corp. in a report on Thursday, July 28th. Robert W. Baird reissued an “outperform” rating on shares of McDonald’s Corp. in a report on Thursday, September 8th. Finally, Nomura set a $129.00 target price on McDonald’s Corp. and gave the company a “neutral” rating in a report on Wednesday, July 20th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and fourteen have given a buy rating to the company’s stock. McDonald’s Corp. has a consensus rating of “Hold” and a consensus target price of $126.01.

In other news, Chairman Andrew J. Mckenna sold 70,000 shares of the stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $118.28, for a total transaction of $8,279,600.00. Following the transaction, the chairman now owns 108,841 shares of the company’s stock, valued at approximately $12,873,713.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.28% of the company’s stock.

McDonald’s Corp. Company Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality 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.

5 Day Chart for NYSE:MCD

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