Woodstock Corp trimmed its stake in McDonald’s Corporation (NYSE:MCD) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,929 shares of the fast-food giant’s stock after selling 40 shares during the period. Woodstock Corp’s holdings in McDonald’s Corporation were worth $3,512,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Legal & General Group Plc lifted its stake in McDonald’s Corporation by 4.6% in the first quarter. Legal & General Group Plc now owns 4,241,304 shares of the fast-food giant’s stock valued at $549,720,000 after buying an additional 187,324 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of McDonald’s Corporation by 4.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 3,882,107 shares of the fast-food giant’s stock valued at $503,160,000 after acquiring an additional 174,209 shares during the period. Swiss National Bank boosted its holdings in shares of McDonald’s Corporation by 18.0% in the first quarter. Swiss National Bank now owns 3,653,548 shares of the fast-food giant’s stock valued at $473,536,000 after acquiring an additional 558,300 shares during the period. Bank of Montreal Can boosted its holdings in shares of McDonald’s Corporation by 26.3% in the second quarter. Bank of Montreal Can now owns 1,894,258 shares of the fast-food giant’s stock valued at $290,125,000 after acquiring an additional 393,881 shares during the period. Finally, Great West Life Assurance Co. Can boosted its holdings in shares of McDonald’s Corporation by 0.4% in the first quarter. Great West Life Assurance Co. Can now owns 1,881,094 shares of the fast-food giant’s stock valued at $243,570,000 after acquiring an additional 7,974 shares during the period. 67.92% of the stock is currently owned by hedge funds and other institutional investors.

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A number of analysts recently weighed in on the stock. Mizuho reiterated a “buy” rating and set a $173.00 price target (up previously from $170.00) on shares of McDonald’s Corporation in a research note on Wednesday, September 13th. Royal Bank Of Canada set a $170.00 price objective on shares of McDonald’s Corporation and gave the company a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research raised shares of McDonald’s Corporation from a “hold” rating to a “buy” rating and set a $172.00 target price for the company in a report on Tuesday, June 27th. Deutsche Bank AG upped their target price on shares of McDonald’s Corporation from $155.00 to $175.00 and gave the company a “buy” rating in a report on Monday, July 10th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $170.00 target price on shares of McDonald’s Corporation in a report on Friday, September 1st. Ten investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $164.96.

In other news, insider Joseph M. Erlinger sold 10,793 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $154.44, for a total transaction of $1,666,870.92. Following the transaction, the insider now directly owns 7,318 shares in the company, valued at approximately $1,130,191.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP David Ogden Fairhurst sold 4,782 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $157.05, for a total transaction of $751,013.10. Following the transaction, the executive vice president now owns 6,954 shares in the company, valued at $1,092,125.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,938 shares of company stock valued at $11,033,009. Insiders own 0.24% of the company’s stock.

McDonald’s Corporation (MCD) traded up 0.0489% during mid-day trading on Tuesday, reaching $157.0368. 1,283,321 shares of the company’s stock traded hands. The company has a 50-day moving average of $158.12 and a 200-day moving average of $148.96. McDonald’s Corporation has a 52-week low of $110.33 and a 52-week high of $161.72. The company has a market capitalization of $127.20 billion, a price-to-earnings ratio of 25.7058 and a beta of 0.69.

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 net margin of 21.00% and a negative return on equity of 264.89%. The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.96 billion. During the same period in the previous year, the firm posted $1.45 earnings per share. The firm’s revenue was down 3.4% on a year-over-year basis. Equities research analysts expect that McDonald’s Corporation will post $6.56 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $1.01 dividend. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, November 30th. This represents a $4.04 dividend on an annualized basis and a yield of 2.57%. McDonald’s Corporation’s dividend payout ratio is presently 61.54%.

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.

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

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