Aviance Capital Management LLC raised its position in McDonald’s Corp. (NYSE:MCD) by 33.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 201,664 shares of the fast-food giant’s stock after buying an additional 50,231 shares during the period. Aviance Capital Management LLC’s holdings in McDonald’s Corp. were worth $24,268,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of MCD. Robeco Institutional Asset Management B.V. increased its stake in shares of McDonald’s Corp. by 33.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,074,266 shares of the fast-food giant’s stock worth $129,275,000 after buying an additional 268,464 shares during the last quarter. Pennsylvania Trust Co increased its stake in shares of McDonald’s Corp. by 3.3% in the second quarter. Pennsylvania Trust Co now owns 108,250 shares of the fast-food giant’s stock worth $13,027,000 after buying an additional 3,477 shares during the last quarter. Oakbrook Investments LLC increased its stake in shares of McDonald’s Corp. by 3.7% in the second quarter. Oakbrook Investments LLC now owns 87,291 shares of the fast-food giant’s stock worth $10,505,000 after buying an additional 3,100 shares during the last quarter. UMB Bank N A MO increased its stake in shares of McDonald’s Corp. by 33.0% in the second quarter. UMB Bank N A MO now owns 146,652 shares of the fast-food giant’s stock worth $17,648,000 after buying an additional 36,421 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX increased its stake in shares of McDonald’s Corp. by 3.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 227,234 shares of the fast-food giant’s stock worth $27,345,000 after buying an additional 7,714 shares during the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

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

McDonald’s Corp. (NYSE:MCD) traded down 1.47% during trading on Monday, hitting $112.41. 5,655,748 shares of the company’s stock were exchanged. The company has a market cap of $95.93 billion, a price-to-earnings ratio of 21.46 and a beta of 0.61. The firm has a 50 day moving average price of $115.30 and a 200 day moving average price of $121.25. McDonald’s Corp. has a 52-week low of $102.08 and a 52-week high of $131.96.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a $0.94 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This is a boost from McDonald’s Corp.’s previous quarterly dividend of $0.89. This represents a $3.76 dividend on an annualized basis and a dividend yield of 3.34%. McDonald’s Corp.’s dividend payout ratio is 68.59%.

A number of equities analysts have recently issued reports on the stock. Credit Suisse Group AG reissued an “outperform” rating and set a $132.00 price objective on shares of McDonald’s Corp. in a research report on Friday, September 16th. Robert W. Baird reissued an “outperform” rating on shares of McDonald’s Corp. in a research report on Thursday, September 8th. Vetr raised shares of McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $121.01 price objective on the stock in a research report on Wednesday, September 28th. Zacks Investment Research raised shares of McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $131.00 price objective on the stock in a research report on Tuesday, September 27th. Finally, Citigroup Inc. cut their price objective on shares of McDonald’s Corp. from $130.00 to $122.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 13th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $125.75.

In other news, Chairman Andrew J. Mckenna sold 70,000 shares of the stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $118.28, for a total value of $8,279,600.00. Following the completion of the sale, the chairman now directly owns 108,841 shares of the company’s stock, valued at $12,873,713.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.28% of the stock is currently owned by insiders.

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

Receive News & Stock Ratings for McDonald's Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's Corp. and related stocks with our FREE daily email newsletter.