Catawba Capital Management VA lowered its position in shares of McDonald’s Corporation (NYSE:MCD) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,901 shares of the fast-food giant’s stock after selling 49 shares during the period. Catawba Capital Management VA’s holdings in McDonald’s Corporation were worth $444,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC increased its stake in shares of McDonald’s Corporation by 87.8% during the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock valued at $111,000 after buying an additional 346 shares during the period. Vigilant Capital Management LLC increased its stake 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 buying an additional 84 shares during the period. Signature Estate & Investment Advisors LLC purchased a new position in shares of McDonald’s Corporation during the first quarter valued at $146,000. Independent Portfolio Consultants Inc. increased its stake in shares of McDonald’s Corporation by 100.0% during the second quarter. Independent Portfolio Consultants Inc. now owns 1,410 shares of the fast-food giant’s stock valued at $216,000 after buying an additional 705 shares during the period. Finally, Hudock Capital Group LLC increased its stake 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 buying an additional 83 shares during the period. Hedge funds and other institutional investors own 67.96% of the company’s stock.

In other McDonald’s Corporation news, insider Douglas M. Goare sold 17,286 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total transaction of $2,739,831.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kevin M. Ozan sold 25,322 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 $4,013,537.00. Following the completion of the sale, the chief financial officer now directly owns 24,039 shares of the company’s stock, valued at $3,810,181.50. 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 over the last ninety days. 0.24% of the stock is owned by insiders.

Shares of McDonald’s Corporation (NYSE MCD) traded down 0.05% on Friday, reaching $156.92. The company had a trading volume of 7,425,112 shares. The company’s 50-day moving average price is $157.61 and its 200 day moving average price is $146.38. McDonald’s Corporation has a 52 week low of $110.33 and a 52 week high of $161.72. The firm has a market capitalization of $127.10 billion, a P/E ratio of 25.69 and a beta of 0.70.

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 for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $5.96 billion. During the same period last year, the firm earned $1.45 EPS. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts expect that McDonald’s Corporation will post $6.55 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be given a dividend of $0.94 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.76 dividend on an annualized basis and a yield of 2.40%. McDonald’s Corporation’s payout ratio is 61.54%.

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Several equities analysts have recently commented on the company. Mizuho restated a “buy” rating and set a $173.00 price target (up previously from $170.00) on shares of McDonald’s Corporation in a research note on Wednesday. Royal Bank Of Canada restated a “buy” rating and set a $175.00 price target on shares of McDonald’s Corporation in a research note on Friday, September 8th. Robert W. Baird restated a “buy” rating and set a $170.00 price target on shares of McDonald’s Corporation in a research note on Friday, September 1st. BidaskClub upgraded McDonald’s Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Finally, Bank of America Corporation restated a “buy” rating and set a $175.00 price target on shares of McDonald’s Corporation in a research note on Monday, August 14th. Twelve research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $162.26.

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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