IMS Capital Management acquired a new position in shares of McDonald’s Corporation (NYSE:MCD) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,133 shares of the fast-food giant’s stock, valued at approximately $276,000.

Other large investors have also made changes to their positions in the company. Diversified Trust Co boosted 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 worth $257,000 after buying an additional 6 shares during the period. Van Cleef Asset Management Inc boosted 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 worth $331,000 after buying an additional 11 shares during the period. Alpha Windward LLC boosted 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 worth $422,000 after buying an additional 24 shares during the period. Hudson Valley Investment Advisors Inc. ADV boosted its stake in shares of McDonald’s Corporation by 0.5% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 5,014 shares of the fast-food giant’s stock worth $650,000 after buying an additional 25 shares during the period. Finally, Univest Corp of Pennsylvania boosted its stake in shares of McDonald’s Corporation by 1.5% in the first quarter. Univest Corp of Pennsylvania now owns 2,150 shares of the fast-food giant’s stock worth $279,000 after buying an additional 31 shares during the period. 67.94% of the stock is owned by institutional investors.

Shares of McDonald’s Corporation (MCD) traded up 0.03% during midday trading on Tuesday, reaching $159.71. The company had a trading volume of 508,252 shares. The stock has a market capitalization of $129.36 billion, a PE ratio of 26.14 and a beta of 0.70. McDonald’s Corporation has a 52-week low of $110.33 and a 52-week high of $159.98. The company’s 50 day moving average price is $156.15 and its 200 day moving average price is $143.15.

McDonald’s Corporation (NYSE:MCD) last released its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.96 billion. During the same quarter last year, the business posted $1.45 EPS. McDonald’s Corporation’s quarterly revenue was down 3.4% compared to the same quarter last year. Equities research analysts expect that McDonald’s Corporation will post $6.55 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio is presently 61.54%.

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Several equities research analysts have weighed in on the stock. Sanford C. Bernstein reissued an “outperform” rating and set a $170.00 price target (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 price target 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 restated a “buy” rating and issued a $175.00 price objective on shares of McDonald’s Corporation in a report on Monday, August 14th. Finally, Vetr lowered shares of McDonald’s Corporation from a “buy” rating to a “hold” rating and set a $147.92 price objective for the company. in a report on Wednesday, May 3rd. Twelve equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. McDonald’s Corporation has an average rating of “Buy” and an average price target of $162.16.

In other news, CFO Kevin M. Ozan sold 25,322 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the sale, the chief financial officer now directly owns 24,039 shares in the company, valued at approximately $3,810,181.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas M. Goare sold 17,286 shares of the stock in a transaction that occurred 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. In the last ninety days, insiders have sold 69,938 shares of company stock worth $11,033,009. 0.24% of the stock is currently owned by company insiders.

McDonald’s Corporation Company Profile

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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