B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund cut its stake in shares of McDonald’s Corporation (NYSE:MCD) by 7.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,343 shares of the fast-food giant’s stock after selling 759 shares during the quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in McDonald’s Corporation were worth $1,211,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vigilant Capital Management LLC lifted its holdings in shares of McDonald’s Corporation by 9.4% during the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock valued at $127,000 after acquiring an additional 84 shares during the period. Signature Estate & Investment Advisors LLC bought a new position in shares of McDonald’s Corporation during the first quarter valued at $146,000. Hudock Capital Group LLC lifted its holdings in shares of McDonald’s Corporation by 5.9% during the first quarter. Hudock Capital Group LLC now owns 1,493 shares of the fast-food giant’s stock valued at $193,000 after acquiring an additional 83 shares during the period. Capital Investment Advisory Services LLC bought a new position in shares of McDonald’s Corporation during the first quarter valued at $201,000. Finally, Greenwich Wealth Management LLC bought a new position in shares of McDonald’s Corporation during the first quarter valued at $210,000. 67.96% of the stock is owned by institutional investors.

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

In other news, CFO Kevin M. Ozan sold 25,322 shares of the firm’s 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 $4,013,537.00. Following the transaction, the chief financial officer now owns 24,039 shares in the company, valued at $3,810,181.50. The transaction was disclosed in a 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 firm’s stock in a transaction that occurred on 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 sold 69,938 shares of company stock worth $11,033,009 in the last 90 days. Corporate insiders own 0.24% of the company’s stock.

McDonald’s Corporation (NYSE:MCD) traded down 3.36% during midday trading on Tuesday, reaching $156.11. The company’s stock had a trading volume of 5,759,069 shares. McDonald’s Corporation has a 52-week low of $110.33 and a 52-week high of $160.72. The firm has a 50 day moving average of $157.41 and a 200 day moving average of $145.70. The firm has a market cap of $126.45 billion, a P/E ratio of 25.55 and a beta of 0.70.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.96 billion. During the same quarter last year, the firm posted $1.45 earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. Analysts anticipate 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. Stockholders of record on Friday, September 1st will be issued a $0.94 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.33%. McDonald’s Corporation’s dividend payout ratio is presently 61.54%.

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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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