Hoertkorn Richard Charles lifted its holdings in McDonald’s Corporation (NYSE:MCD) by 0.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,775 shares of the fast-food giant’s stock after purchasing an additional 75 shares during the period. McDonald’s Corporation comprises about 4.6% of Hoertkorn Richard Charles’ portfolio, making the stock its 5th largest holding. Hoertkorn Richard Charles’ holdings in McDonald’s Corporation were worth $7,011,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Legacy Capital Partners Inc. boosted its holdings in McDonald’s Corporation by 7.0% in the 1st quarter. Legacy Capital Partners Inc. now owns 26,154 shares of the fast-food giant’s stock worth $3,390,000 after buying an additional 1,706 shares during the last quarter. Holderness Investments Co. boosted its holdings in McDonald’s Corporation by 323.7% in the 1st 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. boosted its holdings in McDonald’s Corporation by 7.7% in the 1st quarter. Oakworth Capital Inc. now owns 4,977 shares of the fast-food giant’s stock worth $645,000 after buying an additional 355 shares during the last quarter. Scopus Asset Management L.P. acquired a new stake in McDonald’s Corporation in the 1st quarter worth about $42,771,000. Finally, Sterling Investment Management Inc. boosted its holdings in McDonald’s Corporation by 4.9% in the 1st quarter. Sterling Investment Management Inc. now owns 11,486 shares of the fast-food giant’s stock worth $1,489,000 after buying an additional 536 shares during the last quarter. Hedge funds and other institutional investors own 67.92% of the company’s stock.

McDonald’s Corporation (MCD) traded down 0.51% during trading on Friday, reaching $156.68. 3,670,057 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $157.70 and a 200 day moving average price of $147.07. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $161.72. The stock has a market capitalization of $126.91 billion, a P/E ratio of 25.65 and a beta of 0.70.

McDonald’s Corporation (NYSE:MCD) last released its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.08. The company 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 company’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.45 EPS. Equities research analysts expect that McDonald’s Corporation will post $6.56 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $1.01 dividend. The ex-dividend date is Thursday, November 30th. This represents a $4.04 annualized dividend and a dividend yield of 2.58%. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s payout ratio is presently 61.54%.

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Several equities research analysts recently issued reports on the company. Longbow Research upgraded McDonald’s Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $154.05 to $183.00 in a report on Thursday. Zacks Investment Research upgraded McDonald’s Corporation from a “hold” rating to a “buy” rating and set a $178.00 price objective on the stock in a report on Tuesday. Credit Suisse Group set a $170.00 price objective on McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, September 20th. Sanford C. Bernstein set a $180.00 price objective on McDonald’s Corporation and gave the stock a “buy” rating in a report on Tuesday, September 19th. Finally, Mizuho reiterated a “buy” rating and issued a $173.00 price objective (up from $170.00) on shares of McDonald’s Corporation in a report on Wednesday, September 13th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. McDonald’s Corporation has a consensus rating of “Buy” and an average target price of $163.19.

In other news, EVP David Ogden Fairhurst sold 4,782 shares of the business’s stock in a transaction dated 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 owns 6,954 shares of the company’s stock, valued at approximately $1,092,125.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 10,793 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $154.44, for a total transaction of $1,666,870.92. Following the completion of the sale, the insider now directly owns 7,318 shares of the company’s stock, valued at approximately $1,130,191.92. 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 three months. Insiders own 0.24% of the company’s stock.

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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