Welch Group LLC cut its stake in McDonald’s Corp. (NYSE:MCD) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,815 shares of the fast-food giant’s stock after selling 909 shares during the period. McDonald’s Corp. accounts for 2.7% of Welch Group LLC’s portfolio, making the stock its 25th largest position. Welch Group LLC’s holdings in McDonald’s Corp. were worth $13,706,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCD. Janus Capital Management LLC boosted its stake in 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. bought a new stake in McDonald’s Corp. during the second quarter valued at approximately $158,428,000. Societe Generale bought a new stake in McDonald’s Corp. during the second quarter valued at approximately $151,614,000. BlackRock Fund Advisors boosted its stake in 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 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. 66.58% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of McDonald’s Corp. (NYSE:MCD) traded down 0.69% during mid-day trading on Tuesday, hitting $120.04. The stock had a trading volume of 3,830,045 shares. McDonald’s Corp. has a 1-year low of $110.33 and a 1-year high of $131.96. The stock’s 50-day moving average is $114.91 and its 200-day moving average is $118.44. The firm has a market capitalization of $99.69 billion, a PE ratio of 22.55 and a beta of 0.63.

McDonald’s Corp. (NYSE:MCD) last released its earnings results on Friday, October 21st. The fast-food giant reported $1.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $6.42 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the previous year, the business posted $1.40 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities analysts expect that McDonald’s Corp. will post $5.69 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders 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 3.09%. The ex-dividend date is Tuesday, November 29th. This is a boost from McDonald’s Corp.’s previous quarterly dividend of $0.89. McDonald’s Corp.’s payout ratio is currently 67.30%.

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MCD has been the subject of several research reports. Vetr upgraded shares of McDonald’s Corp. from a “buy” rating to a “strong-buy” rating and set a $132.93 price target for the company in a report on Monday, August 1st. Piper Jaffray Cos. reiterated a “buy” rating and issued a $140.00 target price on shares of McDonald’s Corp. in a research note on Friday, August 5th. Jefferies Group reiterated a “hold” rating on shares of McDonald’s Corp. in a research note on Friday, August 5th. TheStreet cut shares of McDonald’s Corp. from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of McDonald’s Corp. in a research note on Wednesday, August 10th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the stock. McDonald’s Corp. has a consensus rating of “Hold” and an average target price of $126.51.

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