Day & Ennis LLC reduced its position in McDonald’s Corporation (NYSE:MCD) by 10.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,127 shares of the fast-food giant’s stock after selling 365 shares during the period. Day & Ennis LLC’s holdings in McDonald’s Corporation were worth $405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Kingdon Capital Management L.L.C. purchased a new position in shares of McDonald’s Corporation in the 1st quarter worth $6,481,000. Signaturefd LLC boosted its stake in shares of McDonald’s Corporation by 4.7% in the 1st quarter. Signaturefd LLC now owns 3,292 shares of the fast-food giant’s stock worth $427,000 after buying an additional 149 shares during the last quarter. Sii Investments Inc. WI boosted its stake in shares of McDonald’s Corporation by 20.4% in the 1st quarter. Sii Investments Inc. WI now owns 24,880 shares of the fast-food giant’s stock worth $3,212,000 after buying an additional 4,213 shares during the last quarter. Level Four Advisory Services LLC boosted its stake in shares of McDonald’s Corporation by 14.0% in the 1st quarter. Level Four Advisory Services LLC now owns 10,379 shares of the fast-food giant’s stock worth $1,353,000 after buying an additional 1,278 shares during the last quarter. Finally, Two Sigma Securities LLC boosted its stake in shares of McDonald’s Corporation by 1,173.5% in the 1st quarter. Two Sigma Securities LLC now owns 32,628 shares of the fast-food giant’s stock worth $4,229,000 after buying an additional 30,066 shares during the last quarter. Hedge funds and other institutional investors own 67.96% of the company’s stock.

Shares of McDonald’s Corporation (NYSE MCD) traded down 0.12% on Friday, hitting $159.71. The company’s stock had a trading volume of 2,984,223 shares. McDonald’s Corporation has a one year low of $110.33 and a one year high of $160.38. The firm has a market cap of $129.36 billion, a price-to-earnings ratio of 26.14 and a beta of 0.70. The stock has a 50-day moving average price of $157.31 and a 200 day moving average price of $145.32.

McDonald’s Corporation (NYSE:MCD) last posted its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, beating the 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 business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.96 billion. During the same quarter in the prior year, the company posted $1.45 EPS. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. Equities research analysts predict 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. Stockholders of record on Friday, September 1st will be paid a $0.94 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.76 annualized dividend and a dividend yield of 2.35%. McDonald’s Corporation’s dividend payout ratio (DPR) is 61.54%.

A number of equities analysts have recently issued reports on MCD shares. Nomura set a $172.00 price target on McDonald’s Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $175.00 target price (up from $165.00) on shares of McDonald’s Corporation in a report on Monday, June 26th. Royal Bank Of Canada set a $170.00 target price on McDonald’s Corporation and gave the stock a “buy” rating in a report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $174.00 target price on McDonald’s Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Mizuho assumed coverage on McDonald’s Corporation in a report on Thursday, June 8th. They issued a “buy” rating and a $168.00 target price on the stock. Twelve equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $162.16.

In other news, EVP David Ogden Fairhurst sold 4,782 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,092,125.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Kevin M. Ozan sold 25,322 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the completion of the sale, the chief financial officer now directly owns 24,039 shares of the company’s stock, valued at approximately $3,810,181.50. The disclosure for this sale can be found here. In the last three months, insiders sold 69,938 shares of company stock valued at $11,033,009. Corporate insiders own 0.24% of the company’s stock.

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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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