Boston Research & Management Inc. lowered its position in shares of McDonald’s Corporation (NYSE:MCD) by 2.8% during the first quarter, according to its most recent filing with the SEC. The fund owned 27,032 shares of the fast-food giant’s stock after selling 785 shares during the period. McDonald’s Corporation comprises 1.9% of Boston Research & Management Inc.’s holdings, making the stock its 16th largest position. Boston Research & Management Inc.’s holdings in McDonald’s Corporation were worth $3,503,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Vigilant Capital Management LLC boosted its stake in 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 stake in McDonald’s Corporation during the first quarter worth $146,000. Hudock Capital Group LLC boosted its stake in McDonald’s Corporation by 5.9% in the first quarter. Hudock Capital Group LLC now owns 1,493 shares of the fast-food giant’s stock worth $193,000 after buying an additional 83 shares during the period. Capital Investment Advisory Services LLC acquired a new stake in McDonald’s Corporation during the first quarter worth $201,000. Finally, Merriman Wealth Management LLC acquired a new stake in McDonald’s Corporation during the first quarter worth $206,000. 67.94% of the stock is currently owned by institutional investors.

McDonald’s Corporation (MCD) traded up 0.32% during trading on Monday, hitting $159.33. 369,935 shares of the stock traded hands. The company has a market capitalization of $129.06 billion, a P/E ratio of 26.08 and a beta of 0.70. McDonald’s Corporation has a one year low of $110.33 and a one year high of $159.98. The company’s 50 day moving average is $156.15 and its 200 day moving average is $143.15.

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

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

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A number of equities research analysts have recently weighed in on the company. BidaskClub raised McDonald’s Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Barclays PLC reaffirmed an “overweight” rating and set a $173.00 price target (up previously from $164.00) on shares of McDonald’s Corporation in a report on Wednesday, July 26th. Vetr raised McDonald’s Corporation from a “sell” rating to a “hold” rating and set a $159.47 price target on the stock in a report on Thursday, August 3rd. Bank of America Corporation reaffirmed a “buy” rating and set a $175.00 price target on shares of McDonald’s Corporation in a report on Monday, August 14th. Finally, Goldman Sachs Group, Inc. (The) set a $174.00 price target on McDonald’s Corporation and gave the company a “buy” rating in a report on Thursday, July 27th. Twelve equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $162.16.

In other news, EVP David Ogden Fairhurst sold 4,782 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $157.05, for a total value of $751,013.10. Following the completion of the sale, the executive vice president now owns 6,954 shares in the company, valued at approximately $1,092,125.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Douglas M. Goare sold 17,286 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total transaction of $2,739,831.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,938 shares of company stock valued at $11,033,009. 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.

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

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