New England Asset Management Inc. lifted its position in shares of McDonald’s Corporation (NYSE:MCD) by 23.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 25,850 shares of the fast-food giant’s stock after buying an additional 4,900 shares during the period. New England Asset Management Inc.’s holdings in McDonald’s Corporation were worth $3,351,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in MCD. First Command Financial Services Inc. lifted its stake in shares of McDonald’s Corporation by 1.8% during the first quarter. First Command Financial Services Inc. now owns 2,423 shares of the fast-food giant’s stock valued at $314,000 after buying an additional 44 shares during the period. American National Bank lifted its stake in shares of McDonald’s Corporation by 4.0% during the first quarter. American National Bank now owns 7,341 shares of the fast-food giant’s stock valued at $951,000 after buying an additional 279 shares during the period. Atria Investments LLC lifted its stake in shares of McDonald’s Corporation by 12.4% during the first quarter. Atria Investments LLC now owns 22,617 shares of the fast-food giant’s stock valued at $2,931,000 after buying an additional 2,489 shares during the period. Merriman Wealth Management LLC purchased a new position in shares of McDonald’s Corporation during the first quarter valued at approximately $206,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of McDonald’s Corporation during the first quarter valued at approximately $752,000. 67.96% of the stock is currently owned by institutional investors and hedge funds.

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In other McDonald’s Corporation news, EVP David Ogden Fairhurst sold 4,782 shares of the business’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 sale, the executive vice president now owns 6,954 shares of the company’s stock, valued at approximately $1,092,125.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Douglas M. Goare sold 17,286 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were 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. Insiders sold a total of 69,938 shares of company stock worth $11,033,009 in the last three months. Insiders own 0.24% of the company’s stock.

McDonald’s Corporation (MCD) traded down 0.12% on Friday, reaching $159.71. 2,984,223 shares of the company’s stock were exchanged. The stock has a market capitalization of $129.36 billion, a PE ratio of 26.14 and a beta of 0.70. The firm has a 50 day moving average of $157.31 and a 200 day moving average of $145.32. McDonald’s Corporation has a 12 month low of $110.33 and a 12 month high of $160.38.

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

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

Several equities analysts recently issued reports on the stock. Royal Bank Of Canada reissued a “buy” rating and set a $175.00 price objective on shares of McDonald’s Corporation in a research note on Friday. Robert W. Baird reissued a “buy” rating and set a $170.00 price objective on shares of McDonald’s Corporation in a research note on Friday, September 1st. BidaskClub raised shares of McDonald’s Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Bank of America Corporation reissued a “buy” rating and set a $175.00 price objective on shares of McDonald’s Corporation in a research note on Monday, August 14th. Finally, Vetr raised shares of McDonald’s Corporation from a “sell” rating to a “hold” rating and set a $159.47 price objective on the stock in a research note on Thursday, August 3rd. Twelve equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $162.16.

McDonald’s Corporation 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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