Boltwood Capital Management lowered its stake in shares of McDonald’s Corporation (NYSE:MCD) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,572 shares of the fast-food giant’s stock after selling 41 shares during the period. Boltwood Capital Management’s holdings in McDonald’s Corporation were worth $393,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Diversified Trust Co boosted its holdings in McDonald’s Corporation by 0.3% during the first quarter. Diversified Trust Co now owns 1,986 shares of the fast-food giant’s stock worth $257,000 after buying an additional 6 shares in the last quarter. Van Cleef Asset Management Inc boosted its holdings in McDonald’s Corporation by 0.4% during the first quarter. Van Cleef Asset Management Inc now owns 2,550 shares of the fast-food giant’s stock worth $331,000 after buying an additional 11 shares in the last quarter. Northern Oak Wealth Management Inc. boosted its holdings in McDonald’s Corporation by 1.2% during the first quarter. Northern Oak Wealth Management Inc. now owns 1,914 shares of the fast-food giant’s stock worth $248,000 after buying an additional 22 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV boosted its holdings in McDonald’s Corporation by 0.5% during the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 5,014 shares of the fast-food giant’s stock worth $650,000 after buying an additional 25 shares in the last quarter. Finally, BTR Capital Management Inc. boosted its holdings in McDonald’s Corporation by 0.7% during the first quarter. BTR Capital Management Inc. now owns 4,531 shares of the fast-food giant’s stock worth $587,000 after buying an additional 31 shares in the last quarter. 67.92% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently commented on MCD. Royal Bank Of Canada set a $175.00 price objective on shares of McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, July 26th. Sanford C. Bernstein reissued an “outperform” rating and set a $170.00 price objective on shares of McDonald’s Corporation in a report on Tuesday, July 25th. BidaskClub downgraded shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Bank of America Corporation reissued a “buy” rating and set a $175.00 price objective on shares of McDonald’s Corporation in a report on Monday, August 14th. Finally, Morgan Stanley set a $150.00 target price on shares of McDonald’s Corporation and gave the stock a “neutral” rating in a research report on Wednesday, July 19th. Twelve analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $162.26.

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In other news, insider Joseph M. Erlinger sold 10,793 shares of McDonald’s Corporation stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $154.44, for a total value of $1,666,870.92. Following the transaction, the insider now owns 7,318 shares of the company’s stock, valued at $1,130,191.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP David Ogden Fairhurst sold 4,782 shares of McDonald’s Corporation stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $157.05, for a total transaction of $751,013.10. Following the completion of the transaction, the executive vice president now directly 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 three months, insiders sold 69,938 shares of company stock worth $11,033,009. Insiders own 0.24% of the company’s stock.

Shares of McDonald’s Corporation (NYSE:MCD) traded up 0.118% on Monday, hitting $157.105. 1,194,579 shares of the stock traded hands. The stock has a 50-day moving average price of $157.61 and a 200 day moving average price of $146.39. The stock has a market cap of $127.25 billion, a price-to-earnings ratio of 25.717 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 quarterly earnings results 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 net margin of 21.00% and a negative return on equity of 264.89%. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.96 billion. During the same quarter last year, the firm posted $1.45 earnings per share. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, analysts anticipate that McDonald’s Corporation will post $6.55 earnings per share for the current fiscal year.

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

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

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