Woodstock Corp decreased its position in shares of McDonald’s Corp. (NYSE:MCD) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,756 shares of the fast-food giant’s stock after selling 75 shares during the period. Woodstock Corp’s holdings in McDonald’s Corp. were worth $3,087,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in MCD. Toth Financial Advisory Corp raised its position in McDonald’s Corp. by 3.0% in the second quarter. Toth Financial Advisory Corp now owns 28,213 shares of the fast-food giant’s stock worth $3,395,000 after buying an additional 811 shares during the last quarter. Pensionfund DSM Netherlands bought a new position in McDonald’s Corp. during the second quarter worth $6,739,000. Pensionfund Sabic bought a new position in McDonald’s Corp. during the second quarter worth $3,105,000. Integrated Investment Consultants LLC raised its position in McDonald’s Corp. by 9.7% in the second quarter. Integrated Investment Consultants LLC now owns 5,637 shares of the fast-food giant’s stock worth $678,000 after buying an additional 500 shares during the last quarter. Finally, First National Bank & Trust Co. of Newtown raised its position in McDonald’s Corp. by 0.5% in the second quarter. First National Bank & Trust Co. of Newtown now owns 15,569 shares of the fast-food giant’s stock worth $1,901,000 after buying an additional 80 shares during the last quarter. Institutional investors and hedge funds own 66.58% of the company’s stock.

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

Shares of McDonald’s Corp. (NYSE:MCD) traded up 0.96% during trading on Monday, hitting $121.82. 5,931,717 shares of the company were exchanged. McDonald’s Corp. has a 12 month low of $110.33 and a 12 month high of $131.96. The stock has a market cap of $101.16 billion, a P/E ratio of 22.89 and a beta of 0.63. The company’s 50-day moving average price is $114.91 and its 200 day moving average price is $118.44.

McDonald’s Corp. (NYSE:MCD) last announced its earnings results on Friday, October 21st. The fast-food giant reported $1.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.13. McDonald’s Corp. had a net margin of 18.74% and a return on equity of 197.51%. The firm had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the business earned $1.40 earnings per share. McDonald’s Corp.’s revenue was down 2.9% compared to the same quarter last year. On average, equities analysts predict that McDonald’s Corp. will post $5.69 earnings per share for the current fiscal 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 dividend of $0.94 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $3.76 dividend on an annualized basis and a yield of 3.09%. This is a positive change from McDonald’s Corp.’s previous quarterly dividend of $0.89. McDonald’s Corp.’s dividend payout ratio (DPR) is 67.30%.

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MCD has been the topic of a number of analyst reports. Argus cut McDonald’s Corp. from a “buy” rating to a “hold” rating and dropped their target price 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 target price on McDonald’s Corp. and gave the company a “neutral” rating in a research report on Tuesday, November 22nd. Vetr cut McDonald’s Corp. from a “strong-buy” rating to a “buy” rating and set a $132.93 target price on the stock. in a research report on Monday, August 8th. Jefferies Group restated 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 target price on McDonald’s Corp. and gave the company a “buy” rating in a research report on Thursday, November 17th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have issued a buy rating to the stock. McDonald’s Corp. has an average rating of “Hold” and an average target price of $126.51.

In other McDonald’s Corp. news, Chairman Andrew J. Mckenna sold 30,000 shares of the stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $113.48, for a total transaction of $3,404,400.00. Following the transaction, the chairman now owns 72,514 shares of the company’s stock, valued at $8,228,888.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP James R. Sappington sold 8,298 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $118.08, for a total transaction of $979,827.84. Following the transaction, the vice president now directly owns 14,750 shares in the company, valued at approximately $1,741,680. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

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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