Federated Investors Inc. PA lessened its stake in shares of McDonald’s Corporation (NYSE:MCD) by 52.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,583,945 shares of the fast-food giant’s stock after selling 3,880,239 shares during the period. McDonald’s Corporation accounts for about 1.6% of Federated Investors Inc. PA’s portfolio, making the stock its 15th largest position. Federated Investors Inc. PA owned approximately 0.44% of McDonald’s Corporation worth $548,917,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Orrstown Financial Services Inc. raised its holdings in McDonald’s Corporation by 17.2% during the second quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock worth $108,000 after buying an additional 104 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in McDonald’s Corporation by 87.8% during the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after buying an additional 346 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in McDonald’s Corporation during the first quarter worth $146,000. Acrospire Investment Management LLC acquired a new position in McDonald’s Corporation during the second quarter worth $153,000. Finally, Capital Investment Advisory Services LLC acquired a new position in McDonald’s Corporation during the first quarter worth $201,000. Institutional investors own 68.03% of the company’s stock.

In other news, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total value of $1,327,590.00. Following the transaction, the vice president now owns 15,739 shares in the company, valued at $2,596,935. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $157.05, for a total transaction of $751,013.10. Following the completion of the transaction, the executive vice president now owns 6,954 shares in the company, valued at approximately $1,092,125.70. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.

Several research firms have weighed in on MCD. BidaskClub upgraded shares of McDonald’s Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Barclays PLC restated an “overweight” rating and set a $173.00 price objective (up previously from $164.00) on shares of McDonald’s Corporation in a report on Wednesday, July 26th. Vetr upgraded shares of McDonald’s Corporation from a “sell” rating to a “hold” rating and set a $159.47 price objective on the stock in a report on Thursday, August 3rd. Bank of America Corporation reiterated a “buy” rating and issued a $175.00 target price on shares of McDonald’s Corporation in a research note on Monday, August 14th. Finally, Nomura set a $183.00 target price on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Eleven investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $169.93.

COPYRIGHT VIOLATION WARNING: “Federated Investors Inc. PA Reduces Position in McDonald’s Corporation (MCD)” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/11/08/federated-investors-inc-pa-reduces-position-in-mcdonalds-corporation-mcd.html.

Shares of McDonald’s Corporation (NYSE MCD) opened at $170.77 on Wednesday. The firm has a market cap of $138,320.00, a P/E ratio of 26.35, a P/E/G ratio of 2.76 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27. McDonald’s Corporation has a one year low of $111.80 and a one year high of $170.82.

McDonald’s Corporation (NYSE:MCD) last announced its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.01. The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.75 billion. McDonald’s Corporation had a net margin of 24.19% and a negative return on equity of 216.45%. McDonald’s Corporation’s quarterly revenue was down 10.4% on a year-over-year basis. During the same period last year, the firm posted $1.62 earnings per share. equities analysts anticipate that McDonald’s Corporation will post 6.52 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $1.01 per share. This is a boost from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Thursday, November 30th. McDonald’s Corporation’s dividend payout ratio (DPR) is presently 54.26%.

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.

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.