Northwestern Mutual Wealth Management Co. raised its stake in McDonald’s Corp. (NYSE:MCD) by 3.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,329 shares of the fast-food giant’s stock after buying an additional 3,688 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in McDonald’s Corp. were worth $11,711,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. raised its stake in McDonald’s Corp. by 441.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 167,020 shares of the fast-food giant’s stock valued at $20,991,000 after buying an additional 136,180 shares during the period. EFG Asset Management Americas Corp. raised its stake in McDonald’s Corp. by 74.1% in the first quarter. EFG Asset Management Americas Corp. now owns 4,238 shares of the fast-food giant’s stock valued at $552,000 after buying an additional 1,804 shares during the period. LGL Partners LLC raised its stake 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 valued at $216,000 after buying an additional 7 shares during the period. Steinberg Global Asset Management raised its stake in McDonald’s Corp. by 1.0% in the first quarter. Steinberg Global Asset Management now owns 2,479 shares of the fast-food giant’s stock valued at $312,000 after buying an additional 24 shares during the period. Finally, Magnetar Financial LLC raised its stake in McDonald’s Corp. by 17.8% in the first quarter. Magnetar Financial LLC now owns 2,218 shares of the fast-food giant’s stock valued at $279,000 after buying an additional 335 shares during the period. Hedge funds and other institutional investors own 67.80% of the company’s stock.

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

McDonald’s Corp. (NYSE:MCD) traded up 0.46% during mid-day trading on Friday, reaching $120.00. 3,655,358 shares of the company’s stock traded hands. The firm has a market cap of $99.65 billion, a PE ratio of 22.54 and a beta of 0.63. McDonald’s Corp. has a 1-year low of $109.60 and a 1-year high of $131.96. The firm has a 50 day moving average of $113.61 and a 200 day moving average of $119.33.

McDonald’s Corp. (NYSE:MCD) last posted its quarterly earnings results on Friday, October 21st. The fast-food giant reported $1.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.13. The business had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.28 billion. McDonald’s Corp. had a return on equity of 197.51% and a net margin of 18.74%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.40 EPS. Analysts forecast that McDonald’s Corp. will post $5.69 EPS for the current year.

The business also recently announced 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. This is an increase from McDonald’s Corp.’s previous quarterly dividend of $0.89. The ex-dividend date is Tuesday, November 29th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 3.13%. McDonald’s Corp.’s dividend payout ratio is presently 67.30%.

Several equities research analysts recently weighed in on MCD shares. RBC Capital Markets reiterated a “buy” rating and set a $140.00 price objective on shares of McDonald’s Corp. in a research note on Friday, July 22nd. Jefferies Group set a $115.00 price target on shares of McDonald’s Corp. and gave the company a “neutral” rating in a research note on Tuesday, July 26th. Vetr upgraded shares of McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $128.73 price target on the stock in a research note on Tuesday, July 26th. Credit Suisse Group AG raised their price target on shares of McDonald’s Corp. from $130.00 to $132.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $140.00 price target on shares of McDonald’s Corp. in a research note on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $126.47.

In other news, Chairman Andrew J. Mckenna sold 30,000 shares of the company’s stock in a transaction dated Monday, October 24th. The stock was sold at an average price of $113.48, for a total value of $3,404,400.00. Following the sale, the chairman now owns 72,514 shares in the company, valued at $8,228,888.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP James R. Sappington sold 8,298 shares of the company’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $118.08, for a total value of $979,827.84. Following the completion of the sale, the vice president now owns 14,750 shares in the company, valued at approximately $1,741,680. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

About McDonald’s Corp.

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.