North Star Asset Management Inc. lowered its holdings in McDonald’s Corporation (NYSE:MCD) by 5.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,040 shares of the fast-food giant’s stock after selling 125 shares during the period. North Star Asset Management Inc.’s holdings in McDonald’s Corporation were worth $264,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Garde Capital Inc. lifted its position in shares of McDonald’s Corporation by 10.0% during the 1st quarter. Garde Capital Inc. now owns 2,205 shares of the fast-food giant’s stock valued at $286,000 after buying an additional 200 shares during the last quarter. Chemung Canal Trust Co. lifted its position in shares of McDonald’s Corporation by 0.3% during the 1st quarter. Chemung Canal Trust Co. now owns 45,673 shares of the fast-food giant’s stock valued at $5,919,000 after buying an additional 116 shares during the last quarter. Lowe Brockenbrough & Co. Inc. lifted its position in shares of McDonald’s Corporation by 7.1% during the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 23,428 shares of the fast-food giant’s stock valued at $3,037,000 after buying an additional 1,556 shares during the last quarter. Northern Oak Wealth Management Inc. lifted its position in shares of McDonald’s Corporation by 1.2% during 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 buying an additional 22 shares during the last quarter. Finally, Brighton Jones LLC lifted its position in shares of McDonald’s Corporation by 251.2% during the 1st quarter. Brighton Jones LLC now owns 7,189 shares of the fast-food giant’s stock valued at $932,000 after buying an additional 5,142 shares during the last quarter. 67.96% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP David Ogden Fairhurst sold 4,782 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was 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 of the company’s stock, valued at $1,092,125.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Douglas M. Goare sold 17,286 shares of the business’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. In the last ninety days, insiders have sold 69,938 shares of company stock worth $11,033,009. Insiders own 0.24% of the company’s stock.

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McDonald’s Corporation (NYSE MCD) traded up 0.79% during midday trading on Wednesday, reaching $157.57. The company’s stock had a trading volume of 2,819,420 shares. The company’s 50-day moving average is $157.70 and its 200 day moving average is $145.94. The firm has a market cap of $127.63 billion, a price-to-earnings ratio of 25.79 and a beta of 0.70. McDonald’s Corporation has a 12-month low of $110.33 and a 12-month high of $161.72.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.94 per share. 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 2.41%. McDonald’s Corporation’s dividend payout ratio is 61.54%.

A number of research analysts have recently commented on MCD shares. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $170.00 price target (up previously from $160.00) on shares of McDonald’s Corporation in a research report on Thursday, May 25th. Barclays PLC reaffirmed an “overweight” rating and set a $164.00 price target (up previously from $155.00) on shares of McDonald’s Corporation in a research report on Tuesday, May 30th. Telsey Advisory Group upped their price target on McDonald’s Corporation from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, June 1st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $155.00 price target on shares of McDonald’s Corporation in a research report on Friday, June 2nd. Finally, Vetr cut McDonald’s Corporation from a “hold” rating to a “sell” rating and set a $147.92 price target on the stock. in a research report on Monday, June 5th. Twelve investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $162.26.

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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