Investors Asset Management of Georgia Inc. GA ADV lowered its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,140 shares of the fast-food giant’s stock after selling 200 shares during the period. McDonald’s Corporation comprises 1.0% of Investors Asset Management of Georgia Inc. GA ADV’s portfolio, making the stock its 20th largest holding. Investors Asset Management of Georgia Inc. GA ADV’s holdings in McDonald’s Corporation were worth $1,400,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MCD. Orrstown Financial Services Inc. boosted its stake in shares of McDonald’s Corporation by 17.2% in the 2nd quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock valued at $108,000 after purchasing an additional 104 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in shares of McDonald’s Corporation by 87.8% in the 1st quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock valued at $111,000 after purchasing an additional 346 shares in the last quarter. Vigilant Capital Management LLC boosted its stake in shares of McDonald’s Corporation by 9.4% in the 1st quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock valued at $127,000 after purchasing an additional 84 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in shares of McDonald’s Corporation in the 2nd quarter valued at $153,000. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in shares of McDonald’s Corporation in the 1st quarter valued at $146,000. Hedge funds and other institutional investors own 67.92% of the company’s stock.

In other McDonald’s Corporation news, insider Douglas M. Goare sold 17,286 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total value of $2,739,831.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Ogden Fairhurst sold 4,782 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $157.05, for a total value of $751,013.10. Following the completion of the sale, the executive vice president now directly owns 6,954 shares of the company’s stock, valued at approximately $1,092,125.70. The disclosure for this sale can be found here. Insiders sold 69,938 shares of company stock valued at $11,033,009 in the last three months. Insiders own 0.24% of the company’s stock.

Several brokerages have recently commented on MCD. BidaskClub upgraded shares of McDonald’s Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Sanford C. Bernstein set a $180.00 target price on shares of McDonald’s Corporation and gave the company a “buy” rating in a research note on Tuesday, September 19th. Barclays PLC restated an “overweight” rating and issued a $173.00 target price (up previously from $164.00) on shares of McDonald’s Corporation in a research note on Wednesday, July 26th. Vetr upgraded shares of McDonald’s Corporation from a “sell” rating to a “hold” rating and set a $159.47 target price on the stock in a research note on Thursday, August 3rd. Finally, Bank of America Corporation restated a “buy” rating and issued a $175.00 target price 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 company. McDonald’s Corporation has an average rating of “Buy” and an average target price of $162.26.

McDonald’s Corporation (MCD) opened at 158.91 on Friday. McDonald’s Corporation has a 52-week low of $110.33 and a 52-week high of $161.72. The firm has a market cap of $128.72 billion, a P/E ratio of 26.01 and a beta of 0.70. The firm’s 50-day moving average price is $157.70 and its 200-day moving average price is $147.07.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings data 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 negative return on equity of 264.89% and a net margin of 21.00%. The firm had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.96 billion. During the same quarter last year, the firm posted $1.45 earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. Equities research analysts expect that McDonald’s Corporation will post $6.55 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s dividend payout ratio (DPR) is 61.54%.

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About McDonald’s Corporation

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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