Edgestream Partners L.P. raised its stake in McDonald’s Corporation (NYSE:MCD) by 3.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 8,658 shares of the fast-food giant’s stock after purchasing an additional 255 shares during the period. Edgestream Partners L.P.’s holdings in McDonald’s Corporation were worth $1,122,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MCD. Oakworth Capital Inc. grew its position in shares of McDonald’s Corporation by 7.7% during the 1st quarter. Oakworth Capital Inc. now owns 4,977 shares of the fast-food giant’s stock valued at $645,000 after buying an additional 355 shares during the last quarter. Holderness Investments Co. grew its position in shares of McDonald’s Corporation by 323.7% during the 1st quarter. Holderness Investments Co. now owns 10,589 shares of the fast-food giant’s stock valued at $1,372,000 after buying an additional 8,090 shares during the last quarter. Sterling Investment Management Inc. grew its position in shares of McDonald’s Corporation by 4.9% during the 1st quarter. Sterling Investment Management Inc. now owns 11,486 shares of the fast-food giant’s stock valued at $1,489,000 after buying an additional 536 shares during the last quarter. Candriam Luxembourg S.C.A. grew its position in shares of McDonald’s Corporation by 18.9% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 92,407 shares of the fast-food giant’s stock valued at $11,977,000 after buying an additional 14,662 shares during the last quarter. Finally, Scopus Asset Management L.P. bought a new stake in shares of McDonald’s Corporation during the 1st quarter valued at about $42,771,000. 67.96% of the stock is owned by institutional investors and hedge funds.

In other McDonald’s Corporation news, insider Joseph M. Erlinger sold 10,793 shares of McDonald’s Corporation stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $154.44, for a total transaction of $1,666,870.92. Following the completion of the transaction, the insider now owns 7,318 shares of the company’s stock, valued at approximately $1,130,191.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Douglas M. Goare sold 17,286 shares of McDonald’s Corporation 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 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 ninety days. Insiders own 0.24% of the company’s stock.

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MCD has been the subject of a number of recent research reports. Royal Bank Of Canada set a $170.00 price objective on shares of McDonald’s Corporation and gave the company a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research upgraded shares of McDonald’s Corporation from a “hold” rating to a “buy” rating and set a $172.00 target price for the company in a research report on Tuesday, June 27th. Deutsche Bank AG upped their target price on shares of McDonald’s Corporation from $155.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 10th. Barclays PLC set a $164.00 target price on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $165.00 target price (up previously from $157.00) on shares of McDonald’s Corporation in a research report on Thursday, June 8th. Twelve analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $162.16.

Shares of McDonald’s Corporation (NYSE MCD) traded up 1.09% during midday trading on Monday, hitting $161.45. 946,910 shares of the company were exchanged. McDonald’s Corporation has a one year low of $110.33 and a one year high of $161.48. The company has a market capitalization of $130.77 billion, a P/E ratio of 26.43 and a beta of 0.70. The company has a 50-day moving average of $157.41 and a 200 day moving average of $145.57.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $5.96 billion. During the same quarter last year, the firm posted $1.45 EPS. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, equities research analysts expect that McDonald’s Corporation will post $6.55 earnings per share for the current fiscal year.

The business 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 of this dividend is Wednesday, August 30th. McDonald’s Corporation’s payout ratio is presently 61.54%.

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.

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Institutional Ownership by Quarter for McDonald`s Corporation (NYSE:MCD)

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