Mechanics Bank Trust Department lessened its holdings in McDonald’s Corporation (NYSE:MCD) by 0.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,935 shares of the fast-food giant’s stock after selling 105 shares during the period. McDonald’s Corporation makes up about 1.8% of Mechanics Bank Trust Department’s investment portfolio, making the stock its 12th largest position. Mechanics Bank Trust Department’s holdings in McDonald’s Corporation were worth $7,648,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Orrstown Financial Services Inc. increased its position in McDonald’s Corporation by 17.2% in the second quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock worth $108,000 after purchasing an additional 104 shares during the last quarter. Proficio Capital Partners LLC increased its position in McDonald’s Corporation by 87.8% in the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after purchasing an additional 346 shares during the last quarter. Vigilant Capital Management LLC increased its position in McDonald’s Corporation by 9.4% in the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock worth $127,000 after purchasing an additional 84 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in McDonald’s Corporation in the first quarter worth $146,000. Finally, Acrospire Investment Management LLC bought a new stake in McDonald’s Corporation in the second quarter worth $153,000. Institutional investors own 67.92% of the company’s stock.

McDonald’s Corporation (NYSE MCD) traded up 0.11% during mid-day trading on Monday, hitting $157.09. 1,408,668 shares of the company’s stock traded hands. McDonald’s Corporation has a one year low of $110.33 and a one year high of $161.72. The stock has a market cap of $127.24 billion, a PE ratio of 25.71 and a beta of 0.70. The firm’s 50-day moving average price is $157.61 and its 200-day moving average price is $146.38.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.08. The business had revenue of $6.05 billion during 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 business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.45 EPS. On average, analysts forecast that McDonald’s Corporation will post $6.55 EPS 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 paid a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Wednesday, August 30th. McDonald’s Corporation’s payout ratio is presently 61.54%.

In other news, EVP David Ogden Fairhurst sold 4,782 shares of McDonald’s Corporation stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $157.05, for a total value of $751,013.10. Following the completion of the transaction, the executive vice president now owns 6,954 shares in the company, valued at approximately $1,092,125.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin M. Ozan sold 25,322 shares of McDonald’s Corporation stock in a transaction dated 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 transaction, the chief financial officer now owns 24,039 shares of the company’s stock, valued at approximately $3,810,181.50. The disclosure for this sale can be found here. Insiders sold a total of 69,938 shares of company stock valued at $11,033,009 in the last quarter. Company insiders own 0.24% of the company’s stock.

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MCD has been the topic of several research reports. Royal Bank Of Canada set a $170.00 price target on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research report on Thursday, June 22nd. Mizuho initiated coverage on shares of McDonald’s Corporation in a research report on Thursday, June 8th. They issued a “buy” rating and a $168.00 price target on the stock. Bank of America Corporation boosted their price target on shares of McDonald’s Corporation from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, June 13th. Zacks Investment Research upgraded shares of McDonald’s Corporation from a “hold” rating to a “buy” rating and set a $172.00 price target on the stock in a research report on Tuesday, June 27th. Finally, BTIG Research boosted their price target on shares of McDonald’s Corporation from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, June 29th. Twelve analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price 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.

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

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