Kentucky Retirement Systems acquired a new stake in McDonald’s Corp. (NYSE:MCD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 74,651 shares of the fast-food giant’s stock, valued at approximately $8,984,000.

Several other hedge funds have also recently made changes to their positions in the company. Glassman Wealth Services raised its stake in shares of McDonald’s Corp. by 27.4% in the second quarter. Glassman Wealth Services now owns 930 shares of the fast-food giant’s stock valued at $112,000 after buying an additional 200 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. raised its stake in shares of McDonald’s Corp. by 183.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,066 shares of the fast-food giant’s stock valued at $128,000 after buying an additional 690 shares during the last quarter. MU Investments Co. Ltd. purchased a new stake in shares of McDonald’s Corp. during the second quarter valued at $163,000. Cypress Capital Management LLC WY purchased a new stake in shares of McDonald’s Corp. during the second quarter valued at $178,000. Finally, Kernodle & Katon Asset Management Group LLC raised its stake in shares of McDonald’s Corp. by 10.2% in the second quarter. Kernodle & Katon Asset Management Group LLC now owns 1,517 shares of the fast-food giant’s stock valued at $183,000 after buying an additional 141 shares during the last quarter. 67.80% of the stock is currently owned by institutional investors.

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

Shares of McDonald’s Corp. (NYSE:MCD) traded up 0.46% during trading on Friday, hitting $120.00. The stock had a trading volume of 3,655,358 shares. McDonald’s Corp. has a 52 week low of $109.60 and a 52 week high of $131.96. The company’s 50 day moving average price is $113.61 and its 200 day moving average price is $119.33. The company has a market capitalization of $99.65 billion, a price-to-earnings ratio of 22.54 and a beta of 0.63.

McDonald’s Corp. (NYSE:MCD) last issued its earnings results on Friday, October 21st. The fast-food giant reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.13. McDonald’s Corp. had a return on equity of 197.51% and a net margin of 18.74%. The business earned $6.42 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same period in the previous year, the company posted $1.40 EPS. The firm’s revenue was down 2.9% compared to the same quarter last year. Analysts predict that McDonald’s Corp. will post $5.69 earnings per share 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 given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 3.13%. This is a positive change from McDonald’s Corp.’s previous quarterly dividend of $0.89. The ex-dividend date is Tuesday, November 29th. McDonald’s Corp.’s payout ratio is presently 67.30%.

Several analysts recently commented on the company. TheStreet lowered McDonald’s Corp. from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. BTIG Research set a $137.00 price target on McDonald’s Corp. and gave the company a “buy” rating in a research note on Monday, October 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $140.00 price target on shares of McDonald’s Corp. in a research note on Wednesday, July 27th. Jefferies Group set a $115.00 price target on McDonald’s Corp. and gave the company a “neutral” rating in a research note on Tuesday, July 26th. Finally, Zacks Investment Research raised McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a research note on Tuesday, November 15th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have issued a buy rating to the company. McDonald’s Corp. presently has a consensus rating of “Hold” and an average price target of $126.47.

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

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