Huntington National Bank raised its position in shares of McDonald’s Corporation (NYSE:MCD) by 2.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 215,873 shares of the fast-food giant’s stock after buying an additional 4,164 shares during the period. Huntington National Bank’s holdings in McDonald’s Corporation were worth $33,064,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Orrstown Financial Services Inc. boosted its position in shares of McDonald’s Corporation by 17.2% in the second quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock worth $108,000 after buying an additional 104 shares during the period. Proficio Capital Partners LLC boosted its position in shares of McDonald’s Corporation by 87.8% in the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after buying an additional 346 shares during the period. Vigilant Capital Management LLC boosted its position in shares of McDonald’s Corporation by 9.4% in the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock worth $127,000 after buying an additional 84 shares during the period. Signature Estate & Investment Advisors LLC acquired a new position in shares of McDonald’s Corporation during the first quarter worth $146,000. Finally, Acrospire Investment Management LLC acquired a new position in shares of McDonald’s Corporation during the second quarter worth $153,000. Hedge funds and other institutional investors own 68.20% of the company’s stock.

Shares of McDonald’s Corporation (NYSE MCD) traded up 0.26% during trading on Friday, reaching $158.82. 2,019,582 shares of the company’s stock were exchanged. The company’s 50-day moving average is $156.15 and its 200 day moving average is $143.15. McDonald’s Corporation has a 52 week low of $110.33 and a 52 week high of $159.98. The stock has a market capitalization of $128.64 billion, a PE ratio of 26.00 and a beta of 0.70.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be issued 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 presently 61.54%.

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MCD has been the subject of a number of research reports. Royal Bank Of Canada restated a “buy” rating and issued a $155.00 price objective on shares of McDonald’s Corporation in a report on Friday, June 2nd. Mizuho initiated coverage on shares of McDonald’s Corporation in a report on Thursday, June 8th. They issued a “buy” rating and a $168.00 price objective for the company. Goldman Sachs Group, Inc. (The) upgraded shares of McDonald’s Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $126.00 to $153.00 in a report on Wednesday, May 3rd. Bank of America Corporation lifted their price objective on shares of McDonald’s Corporation from $165.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, June 13th. Finally, Zacks Investment Research upgraded shares of McDonald’s Corporation from a “hold” rating to a “buy” rating and set a $172.00 price objective for the company in a report on Tuesday, June 27th. Twelve research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $162.16.

In other news, EVP Jerome N. Krulewitch sold 11,755 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $158.38, for a total transaction of $1,861,756.90. Following the sale, the executive vice president now owns 11,755 shares in the company, valued at $1,861,756.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Douglas M. Goare sold 17,286 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total value of $2,739,831.00. The disclosure for this sale can be found here. Insiders have sold 69,938 shares of company stock worth $11,033,009 in the last 90 days. Company insiders own 0.24% of the company’s stock.

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.

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

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