Northstar Asset Management LLC held its stake in shares of McDonald’s Corporation (NYSE:MCD) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 7,273 shares of the fast-food giant’s stock at the end of the second quarter. Northstar Asset Management LLC’s holdings in McDonald’s Corporation were worth $1,114,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Diversified Trust Co raised its stake in shares of McDonald’s Corporation by 0.3% in the first quarter. Diversified Trust Co now owns 1,986 shares of the fast-food giant’s stock valued at $257,000 after buying an additional 6 shares during the period. Van Cleef Asset Management Inc raised its stake in shares of McDonald’s Corporation by 0.4% in the first quarter. Van Cleef Asset Management Inc now owns 2,550 shares of the fast-food giant’s stock valued at $331,000 after buying an additional 11 shares during the period. Northern Oak Wealth Management Inc. raised its stake in shares of McDonald’s Corporation by 1.2% in the first quarter. Northern Oak Wealth Management Inc. now owns 1,914 shares of the fast-food giant’s stock valued at $248,000 after buying an additional 22 shares during the period. First Command Bank raised its stake in shares of McDonald’s Corporation by 0.9% in the second quarter. First Command Bank now owns 2,446 shares of the fast-food giant’s stock valued at $375,000 after buying an additional 23 shares during the period. Finally, Alpha Windward LLC raised its stake in shares of McDonald’s Corporation by 0.7% in the first quarter. Alpha Windward LLC now owns 3,253 shares of the fast-food giant’s stock valued at $422,000 after buying an additional 24 shares during the period. 67.94% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Corporation (NYSE:MCD) traded up 0.49% during trading on Monday, reaching $159.60. The company had a trading volume of 843,281 shares. The company has a 50-day moving average price of $156.15 and a 200 day moving average price of $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 cap of $129.28 billion, a PE ratio of 26.13 and a beta of 0.70.

McDonald’s Corporation (NYSE:MCD) last posted its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, topping the Zacks’ 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 company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.96 billion. During the same period in the prior year, the business posted $1.45 EPS. The company’s quarterly revenue was down 3.4% on a year-over-year basis. On average, analysts anticipate that McDonald’s Corporation will post $6.54 earnings per share for the current year.

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

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Several equities research analysts have recently weighed in on the company. Sanford C. Bernstein reissued an “outperform” rating and set a $170.00 target price (up previously from $160.00) on shares of McDonald’s Corporation in a research report on Thursday, May 25th. Jefferies Group LLC reissued a “hold” rating and set a $140.00 target price on shares of McDonald’s Corporation in a research report on Wednesday, July 19th. Longbow Research reissued a “neutral” rating on shares of McDonald’s Corporation in a research report on Saturday, July 22nd. Bank of America Corporation reissued a “buy” rating and set a $175.00 target price on shares of McDonald’s Corporation in a research report on Monday, August 14th. Finally, Vetr lowered McDonald’s Corporation from a “buy” rating to a “hold” rating and set a $147.92 price target on the stock. in a research report on Wednesday, May 3rd. Twelve research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. McDonald’s Corporation currently has a consensus rating of “Buy” and a consensus target price of $162.16.

In other news, insider Douglas M. Goare sold 17,286 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total value of $2,739,831.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP David Ogden Fairhurst sold 4,782 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were 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 disclosure for this sale can be found here. Over the last 90 days, insiders have 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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