Valley National Advisers Inc. lessened its holdings in McDonald’s Corporation (NYSE:MCD) by 9.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,127 shares of the fast-food giant’s stock after selling 2,588 shares during the quarter. McDonald’s Corporation accounts for approximately 1.4% of Valley National Advisers Inc.’s holdings, making the stock its 8th biggest holding. Valley National Advisers Inc.’s holdings in McDonald’s Corporation were worth $4,002,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Canada Pension Plan Investment Board increased its holdings in McDonald’s Corporation by 1.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant’s stock valued at $68,805,000 after buying an additional 4,300 shares during the period. Legacy Capital Partners Inc. grew its holdings in shares of 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 purchasing an additional 1,706 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of McDonald’s Corporation by 10.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock worth $71,558,000 after purchasing an additional 44,899 shares during the last quarter. Holderness Investments Co. grew its holdings in shares of 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 purchasing an additional 8,090 shares during the last quarter. Finally, Cypress Asset Management Inc. TX grew its holdings in shares of McDonald’s Corporation by 136.4% in the 2nd quarter. Cypress Asset Management Inc. TX now owns 28,274 shares of the fast-food giant’s stock worth $4,330,000 after purchasing an additional 16,315 shares during the last quarter. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of McDonald’s Corporation (NYSE MCD) opened at $170.77 on Wednesday. McDonald’s Corporation has a 52 week low of $111.80 and a 52 week high of $170.82. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. The stock has a market capitalization of $135,577.36, a P/E ratio of 26.57, a P/E/G ratio of 2.78 and a beta of 0.67.

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

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

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

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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