Shell Asset Management Co. boosted its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 0.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 270,278 shares of the fast-food giant’s stock after buying an additional 359 shares during the quarter. McDonald’s Corporation makes up approximately 1.0% of Shell Asset Management Co.’s investment portfolio, making the stock its 9th largest position. Shell Asset Management Co.’s holdings in McDonald’s Corporation were worth $41,396,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Holderness Investments Co. increased its position in McDonald’s Corporation by 323.7% during the first quarter. Holderness Investments Co. now owns 10,589 shares of the fast-food giant’s stock worth $1,372,000 after buying an additional 8,090 shares during the last quarter. Oakworth Capital Inc. grew its position in shares of McDonald’s Corporation by 7.7% in the first quarter. Oakworth Capital Inc. now owns 4,977 shares of the fast-food giant’s stock valued at $645,000 after purchasing an additional 355 shares during the last quarter. Bridges Investment Counsel Inc. grew its position in shares of McDonald’s Corporation by 69.6% in the second quarter. Bridges Investment Counsel Inc. now owns 41,842 shares of the fast-food giant’s stock valued at $6,409,000 after purchasing an additional 17,173 shares during the last quarter. Cypress Asset Management Inc. TX grew its position in shares of McDonald’s Corporation by 136.4% in the second quarter. Cypress Asset Management Inc. TX now owns 28,274 shares of the fast-food giant’s stock valued at $4,330,000 after purchasing an additional 16,315 shares during the last quarter. Finally, Scopus Asset Management L.P. acquired a new position in shares of McDonald’s Corporation in the first quarter valued at approximately $42,771,000. 67.92% of the stock is currently owned by hedge funds and other institutional investors.

In other McDonald’s Corporation news, CFO Kevin M. Ozan sold 25,322 shares of the business’s stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jerome N. Krulewitch sold 11,755 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $158.38, for a total transaction of $1,861,756.90. Following the completion of the sale, the executive vice president now directly owns 11,755 shares of the company’s stock, valued at $1,861,756.90. The disclosure for this sale can be found here. Insiders sold 69,938 shares of company stock valued at $11,033,009 over the last three months. 0.24% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY NOTICE: “McDonald’s Corporation (MCD) Holdings Boosted by Shell Asset Management Co.” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another publication, it was illegally stolen and reposted in violation of international copyright and trademark law. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/09/20/mcdonalds-corporation-mcd-holdings-boosted-by-shell-asset-management-co.html.

McDonald’s Corporation (NYSE:MCD) opened at 157.43 on Wednesday. McDonald’s Corporation has a 12 month low of $110.33 and a 12 month high of $161.72. The company’s 50-day moving average price is $157.70 and its 200 day moving average price is $147.07. The company has a market capitalization of $127.52 billion, a price-to-earnings ratio of 25.77 and a beta of 0.70.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Friday, September 1st were paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 2.39%. The ex-dividend date was Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio is presently 61.54%.

Several equities analysts have recently commented on MCD shares. Nomura set a $172.00 target price on McDonald’s Corporation and gave the company a “buy” rating in a research report on Wednesday, July 19th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $175.00 target price (up previously from $165.00) on shares of McDonald’s Corporation in a research report on Monday, June 26th. Royal Bank of Canada set a $170.00 target price on McDonald’s Corporation and gave the company a “buy” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $174.00 target price on McDonald’s Corporation and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Mizuho started coverage on McDonald’s Corporation in a research report on Thursday, June 8th. They issued a “buy” rating and a $168.00 target price on the stock. Twelve investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price 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.

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Corporation (NYSE:MCD).

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

Receive News & Stock Ratings for McDonald's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's Corporation and related stocks with our FREE daily email newsletter.