Clarkston Capital Partners LLC maintained its stake in McDonald’s Corporation (NYSE:MCD) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,793 shares of the fast-food giant’s stock at the end of the second quarter. Clarkston Capital Partners LLC’s holdings in McDonald’s Corporation were worth $1,040,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MCD. Diversified Trust Co boosted its stake in shares of McDonald’s Corporation by 0.3% in the 1st quarter. Diversified Trust Co now owns 1,986 shares of the fast-food giant’s stock valued at $257,000 after purchasing an additional 6 shares in the last quarter. Van Cleef Asset Management Inc boosted its stake in shares of McDonald’s Corporation by 0.4% in the 1st quarter. Van Cleef Asset Management Inc now owns 2,550 shares of the fast-food giant’s stock valued at $331,000 after purchasing an additional 11 shares in the last quarter. Northern Oak Wealth Management Inc. boosted its stake in shares of McDonald’s Corporation by 1.2% in the 1st quarter. Northern Oak Wealth Management Inc. now owns 1,914 shares of the fast-food giant’s stock valued at $248,000 after purchasing an additional 22 shares in the last quarter. First Command Bank boosted its stake in shares of McDonald’s Corporation by 0.9% in the 2nd quarter. First Command Bank now owns 2,446 shares of the fast-food giant’s stock valued at $375,000 after purchasing an additional 23 shares in the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV boosted its stake in shares of McDonald’s Corporation by 0.5% in the 1st quarter. Hudson Valley Investment Advisors Inc. ADV now owns 5,014 shares of the fast-food giant’s stock valued at $650,000 after purchasing an additional 25 shares in the last quarter. 67.96% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on MCD. Royal Bank Of Canada set a $175.00 price objective on shares of McDonald’s Corporation and gave the company a “buy” rating in a research note on Wednesday, July 26th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of McDonald’s Corporation in a research note on Tuesday, July 25th. BidaskClub cut shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Bank of America Corporation reaffirmed a “buy” rating and issued a $175.00 price objective on shares of McDonald’s Corporation in a research note on Monday, August 14th. Finally, Morgan Stanley set a $150.00 price objective on shares of McDonald’s Corporation and gave the company a “neutral” rating in a research note on Wednesday, July 19th. Twelve investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. McDonald’s Corporation presently has a consensus rating of “Buy” and a consensus target price of $162.16.

In other news, insider Douglas M. Goare sold 17,286 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $2,739,831.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP David Ogden Fairhurst sold 4,782 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $157.05, for a total transaction of $751,013.10. Following the transaction, the executive vice president now owns 6,954 shares in the company, valued at approximately $1,092,125.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,938 shares of company stock worth $11,033,009. Corporate insiders own 0.24% of the company’s stock.

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McDonald’s Corporation (MCD) traded down 3.13% during mid-day trading on Tuesday, reaching $156.48. 6,429,539 shares of the company’s stock were exchanged. The company’s 50-day moving average is $157.41 and its 200 day moving average is $145.70. The firm has a market capitalization of $126.75 billion, a P/E ratio of 25.61 and a beta of 0.70. McDonald’s Corporation has a one year low of $110.33 and a one year high of $160.72.

McDonald’s Corporation (NYSE:MCD) last posted its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.96 billion. During the same quarter in the prior year, the company posted $1.45 earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. Equities analysts predict that McDonald’s Corporation will post $6.55 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.94 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.76 annualized dividend and a dividend yield of 2.33%. McDonald’s Corporation’s dividend payout ratio (DPR) is currently 61.54%.

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.

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

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