Lincoln National Corp cut its position in McDonald’s Corporation (NYSE:MCD) by 5.0% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 11,028 shares of the fast-food giant’s stock after selling 577 shares during the period. Lincoln National Corp’s holdings in McDonald’s Corporation were worth $1,429,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MCD. Douglass Winthrop Advisors LLC boosted its stake in McDonald’s Corporation by 3.2% in the first quarter. Douglass Winthrop Advisors LLC now owns 57,778 shares of the fast-food giant’s stock worth $7,489,000 after buying an additional 1,766 shares during the last quarter. Burke & Herbert Bank & Trust Co. boosted its stake in McDonald’s Corporation by 1.9% in the first quarter. Burke & Herbert Bank & Trust Co. now owns 4,785 shares of the fast-food giant’s stock worth $620,000 after buying an additional 90 shares during the last quarter. Chesley Taft & Associates LLC boosted its stake in McDonald’s Corporation by 0.3% in the first quarter. Chesley Taft & Associates LLC now owns 34,485 shares of the fast-food giant’s stock worth $4,470,000 after buying an additional 115 shares during the last quarter. Lynch & Associates IN boosted its stake in McDonald’s Corporation by 3.6% in the first quarter. Lynch & Associates IN now owns 28,694 shares of the fast-food giant’s stock worth $3,719,000 after buying an additional 984 shares during the last quarter. Finally, Koshinski Asset Management Inc. boosted its stake in McDonald’s Corporation by 8.3% in the first quarter. Koshinski Asset Management Inc. now owns 7,207 shares of the fast-food giant’s stock worth $934,000 after buying an additional 554 shares during the last quarter. Institutional investors and hedge funds own 68.20% of the company’s stock.

McDonald’s Corporation (NYSE MCD) traded up 0.17% during trading on Friday, hitting $158.68. 381,967 shares of the stock traded hands. The firm has a 50-day moving average price of $156.00 and a 200 day moving average price of $142.91. McDonald’s Corporation has a 52-week low of $110.33 and a 52-week high of $159.98. The company has a market cap of $128.53 billion, a P/E ratio of 25.97 and a beta of 0.70. McDonald’s Corporation also was the recipient of unusually large options trading on Tuesday. Stock investors bought 13,847 put options on the stock. This represents an increase of 147% compared to the typical volume of 5,613 put options.

McDonald’s Corporation (NYSE:MCD) last issued its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.08. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The firm had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.96 billion. During the same period in the previous year, the business earned $1.45 earnings per share. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, equities analysts expect that McDonald’s Corporation will post $6.54 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Wednesday, August 30th. McDonald’s Corporation’s payout ratio is 61.54%.

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A number of equities research analysts have commented on MCD shares. BMO Capital Markets restated a “buy” rating and issued a $159.00 price target on shares of McDonald’s Corporation in a report on Thursday, April 27th. Telsey Advisory Group raised their price target on shares of McDonald’s Corporation from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, April 27th. Argus upgraded shares of McDonald’s Corporation from a “hold” rating to a “buy” rating and raised their price target for the stock from $140.84 to $158.00 in a report on Thursday, April 27th. Credit Suisse Group restated an “outperform” rating and issued a $157.00 price target (up from $137.00) on shares of McDonald’s Corporation in a report on Saturday, April 29th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of McDonald’s Corporation from a “neutral” rating to a “buy” rating and raised their price target for the stock from $126.00 to $153.00 in a report on Wednesday, May 3rd. Twelve investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $162.16.

In related news, EVP David Ogden Fairhurst sold 4,782 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $157.05, for a total transaction of $751,013.10. Following the completion of the sale, the executive vice president now directly owns 6,954 shares in the company, valued at $1,092,125.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jerome N. Krulewitch sold 11,755 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $158.38, for a total value of $1,861,756.90. Following the sale, the executive vice president now owns 11,755 shares of the company’s stock, valued at $1,861,756.90. The disclosure for this sale can be found here. Insiders have sold 69,938 shares of company stock valued at $11,033,009 over the last quarter. 0.24% of the stock is owned by company insiders.

About McDonald’s Corporation

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of 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.

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

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