Confluence Investment Management LLC boosted its position in shares of McDonald’s Corp. (NYSE:MCD) by 6.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,355 shares of the fast-food giant’s stock after buying an additional 4,852 shares during the period. Confluence Investment Management LLC’s holdings in McDonald’s Corp. were worth $10,392,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MCD. Glenmede Trust Co. NA boosted its position in McDonald’s Corp. by 39.8% in the first quarter. Glenmede Trust Co. NA now owns 419,583 shares of the fast-food giant’s stock worth $52,732,000 after buying an additional 119,410 shares during the period. Meristem LLP boosted its position in McDonald’s Corp. by 1.2% in the first quarter. Meristem LLP now owns 3,580 shares of the fast-food giant’s stock worth $450,000 after buying an additional 44 shares during the period. Investment Centers of America Inc. boosted its position in McDonald’s Corp. by 33.6% in the first quarter. Investment Centers of America Inc. now owns 18,706 shares of the fast-food giant’s stock worth $2,356,000 after buying an additional 4,708 shares during the period. Sanders Morris Harris Inc. purchased a new position in McDonald’s Corp. during the first quarter worth about $609,000. Finally, KLCM Advisors Inc. boosted its position in McDonald’s Corp. by 29.5% in the first quarter. KLCM Advisors Inc. now owns 3,072 shares of the fast-food giant’s stock worth $386,000 after buying an additional 700 shares during the period. Institutional investors 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 trading on Friday, hitting $114.09. 5,312,532 shares of the stock traded hands. The stock has a market cap of $97.36 billion, a PE ratio of 21.79 and a beta of 0.61. The company has a 50-day moving average price of $115.36 and a 200-day moving average price of $121.39. McDonald’s Corp. has a 12 month low of $102.08 and a 12 month high of $131.96.

McDonald’s Corp. (NYSE:MCD) last posted its earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share for the quarter, topping 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 net margin of 18.73% and a return on equity of 97.56%. McDonald’s Corp.’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 EPS. Equities research analysts expect that McDonald’s Corp. will post $5.56 EPS for the current year.

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

Several research analysts recently weighed in on MCD shares. Nomura cut shares of McDonald’s Corp. from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $142.00 to $129.00 in a research report on Wednesday, June 22nd. Royal Bank Of Canada restated an “outperform” rating on shares of McDonald’s Corp. in a research report on Wednesday, June 22nd. Credit Suisse Group AG dropped their price objective on shares of McDonald’s Corp. from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, June 27th. Robert W. Baird restated a “neutral” rating and issued a $126.00 price objective (down previously from $130.00) on shares of McDonald’s Corp. in a research report on Wednesday, June 29th. Finally, Cleveland Research cut shares of McDonald’s Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 6th. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $126.01.

In related news, Chairman Andrew J. Mckenna sold 70,000 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $118.28, for a total transaction of $8,279,600.00. Following the sale, the chairman now owns 108,841 shares of the company’s stock, valued at approximately $12,873,713.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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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