Franklin Street Advisors Inc. NC increased its stake in McDonald’s Corp. (NYSE:MCD) by 16.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 47,634 shares of the fast-food giant’s stock after buying an additional 6,606 shares during the period. Franklin Street Advisors Inc. NC’s holdings in McDonald’s Corp. were worth $5,495,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Janus Capital Management LLC boosted its stake in shares of McDonald’s Corp. by 49.3% in the second quarter. Janus Capital Management LLC now owns 4,192,114 shares of the fast-food giant’s stock valued at $504,479,000 after buying an additional 1,383,391 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of McDonald’s Corp. during the second quarter valued at $158,428,000. Societe Generale acquired a new stake in shares of McDonald’s Corp. during the second quarter valued at $151,614,000. BlackRock Fund Advisors boosted its stake in shares of McDonald’s Corp. by 4.1% in the second quarter. BlackRock Fund Advisors now owns 16,763,162 shares of the fast-food giant’s stock valued at $2,017,279,000 after buying an additional 655,395 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its stake in shares of McDonald’s Corp. by 109.4% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,161,699 shares of the fast-food giant’s stock valued at $139,800,000 after buying an additional 607,056 shares in the last quarter. 69.04% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of McDonald’s Corp. (NYSE:MCD) traded up 0.43% during midday trading on Friday, reaching $120.66. 1,709,105 shares of the company’s stock traded hands. The company has a market capitalization of $100.20 billion, a PE ratio of 22.67 and a beta of 0.63. McDonald’s Corp. has a 52 week low of $110.33 and a 52 week high of $131.96. The stock’s 50 day moving average is $114.67 and its 200-day moving average is $118.67.

McDonald’s Corp. (NYSE:MCD) last posted its quarterly earnings data 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 earned $6.42 billion during 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 revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.40 earnings per share. On average, analysts forecast that McDonald’s Corp. will post $5.69 earnings per share for the current fiscal 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 issued a $0.94 dividend. This is an increase from McDonald’s Corp.’s previous quarterly dividend of $0.89. This represents a $3.76 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Tuesday, November 29th. McDonald’s Corp.’s dividend payout ratio is presently 67.30%.

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A number of research firms have weighed in on MCD. Argus cut shares of McDonald’s Corp. from a “buy” rating to a “hold” rating and cut their price objective for the company from $131.96 to $87.50 in a research report on Monday, August 15th. Goldman Sachs Group Inc. set a $113.00 price objective on shares of McDonald’s Corp. and gave the company a “neutral” rating in a research report on Tuesday. Vetr cut shares of McDonald’s Corp. from a “strong-buy” rating to a “buy” rating and set a $132.93 price objective on the stock. in a research report on Monday, August 8th. Jefferies Group reiterated a “hold” rating on shares of McDonald’s Corp. in a research report on Friday, August 5th. Finally, RBC Capital Markets set a $140.00 price objective on shares of McDonald’s Corp. and gave the company a “buy” rating in a research report on Thursday, November 17th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $126.51.

In related news, Chairman Andrew J. Mckenna sold 30,000 shares of the stock in a transaction on 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 sale, the chairman now directly owns 72,514 shares of the company’s stock, valued at $8,228,888.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP James R. Sappington sold 8,298 shares of the stock in a transaction on Monday, November 14th. The stock was sold at an average price of $118.08, for a total value of $979,827.84. Following the sale, the vice president now directly owns 14,750 shares of the company’s stock, valued at $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

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