State of Tennessee Treasury Department boosted its position in shares of McDonald’s Corporation (NYSE:MCD) by 15.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 754,798 shares of the fast-food giant’s stock after buying an additional 101,063 shares during the period. State of Tennessee Treasury Department owned approximately 0.09% of McDonald’s Corporation worth $97,828,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Hodges Capital Management Inc. boosted its stake in shares of McDonald’s Corporation by 91.8% in the first quarter. Hodges Capital Management Inc. now owns 6,743 shares of the fast-food giant’s stock worth $874,000 after buying an additional 3,227 shares during the last quarter. Marble Harbor Investment Counsel LLC boosted its stake in shares of McDonald’s Corporation by 0.4% in the first quarter. Marble Harbor Investment Counsel LLC now owns 35,350 shares of the fast-food giant’s stock worth $4,582,000 after buying an additional 125 shares during the last quarter. Sawtooth Solutions LLC boosted its stake in shares of McDonald’s Corporation by 31.1% in the first quarter. Sawtooth Solutions LLC now owns 10,006 shares of the fast-food giant’s stock worth $1,297,000 after buying an additional 2,372 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of McDonald’s Corporation during the first quarter worth about $469,000. Finally, Warren Averett Asset Management LLC boosted its stake in shares of McDonald’s Corporation by 75.6% in the first quarter. Warren Averett Asset Management LLC now owns 3,216 shares of the fast-food giant’s stock worth $417,000 after buying an additional 1,385 shares during the last quarter. 67.94% of the stock is currently owned by institutional investors.

Shares of McDonald’s Corporation (NYSE MCD) traded down 0.10% during trading on Friday, reaching $159.81. 1,878,291 shares of the company were exchanged. The stock has a 50-day moving average price of $156.71 and a 200-day moving average price of $144.39. The stock has a market capitalization of $129.45 billion, a PE ratio of 26.16 and a beta of 0.70. McDonald’s Corporation has a one year low of $110.33 and a one year high of $160.20.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.08. The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.45 EPS. Analysts forecast that McDonald’s Corporation will post $6.55 EPS for the current year.

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

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A number of equities research analysts have recently issued reports on the stock. Robert W. Baird reaffirmed a “buy” rating and issued a $170.00 target price on shares of McDonald’s Corporation in a report on Friday. BidaskClub raised shares of McDonald’s Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Bank of America Corporation reaffirmed a “buy” rating and issued a $175.00 target price on shares of McDonald’s Corporation in a report on Monday, August 14th. Vetr raised shares of McDonald’s Corporation from a “sell” rating to a “hold” rating and set a $159.47 target price on the stock in a report on Thursday, August 3rd. Finally, Zacks Investment Research cut shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Twelve research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $162.16.

In other McDonald’s Corporation news, CFO Kevin M. Ozan sold 25,322 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total value of $4,013,537.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Ogden Fairhurst sold 4,782 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 6,954 shares of the company’s stock, valued at $1,092,125.70. The disclosure for this sale can be found here. Insiders have sold a total of 69,938 shares of company stock valued at $11,033,009 in the last three months. 0.24% of the stock is currently owned by corporate 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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