Trust Co. of Vermont decreased its position in McDonald’s Corporation (NYSE:MCD) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,236 shares of the fast-food giant’s stock after selling 1,987 shares during the period. Trust Co. of Vermont’s holdings in McDonald’s Corporation were worth $8,460,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Legacy Capital Partners Inc. lifted its stake in McDonald’s Corporation by 7.0% during the first quarter. Legacy Capital Partners Inc. now owns 26,154 shares of the fast-food giant’s stock valued at $3,390,000 after purchasing an additional 1,706 shares during the last quarter. Holderness Investments Co. lifted its stake 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 valued at $1,372,000 after purchasing an additional 8,090 shares during the last quarter. Oakworth Capital Inc. lifted its stake in McDonald’s Corporation by 7.7% during 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. Scopus Asset Management L.P. acquired a new stake in McDonald’s Corporation during the first quarter valued at approximately $42,771,000. Finally, Sterling Investment Management Inc. lifted its stake in McDonald’s Corporation by 4.9% during the first quarter. Sterling Investment Management Inc. now owns 11,486 shares of the fast-food giant’s stock valued at $1,489,000 after purchasing an additional 536 shares during the last quarter. Hedge funds and other institutional investors own 67.92% of the company’s stock.

In related 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 sale, the executive vice president now owns 6,954 shares of the company’s stock, valued at approximately $1,092,125.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kevin M. Ozan sold 25,322 shares of McDonald’s Corporation stock in a transaction dated Wednesday, July 26th. The stock was 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 approximately $3,810,181.50. The disclosure for this sale can be found here. In the last three months, insiders sold 69,938 shares of company stock valued at $11,033,009. 0.24% of the stock is currently owned by insiders.

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Several brokerages recently commented on MCD. BTIG Research upped their price target on shares of McDonald’s Corporation from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, June 29th. Piper Jaffray Companies restated a “buy” rating and issued a $153.00 price target on shares of McDonald’s Corporation in a research report on Friday, July 14th. Jefferies Group LLC restated a “hold” rating and issued a $140.00 price target on shares of McDonald’s Corporation in a research report on Wednesday, July 19th. Bank of America Corporation upped their price target on shares of McDonald’s Corporation from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, June 13th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $180.00 price target (up previously from $175.00) on shares of McDonald’s Corporation in a research report on Wednesday, July 26th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $163.19.

McDonald’s Corporation (NYSE:MCD) traded up 2.58% during trading on Thursday, hitting $158.03. 2,209,476 shares of the company’s stock traded hands. The company’s 50 day moving average price is $157.70 and its 200 day moving average price is $147.07. McDonald’s Corporation has a 52-week low of $110.33 and a 52-week high of $161.72. The company has a market cap of $128.00 billion, a PE ratio of 25.87 and a beta of 0.70.

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 for the quarter, topping the 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 company had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.96 billion. During the same quarter last year, the firm posted $1.45 EPS. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. Analysts expect that McDonald’s Corporation will post $6.55 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $1.01 dividend. The ex-dividend date is Thursday, November 30th. This represents a $4.04 annualized dividend and a yield of 2.62%. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s dividend payout ratio (DPR) is 61.54%.

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.

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

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