Coho Partners Ltd. purchased a new stake in shares of McDonald’s Corporation (NYSE:MCD) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 13,192 shares of the fast-food giant’s stock, valued at approximately $2,020,000.

Other hedge funds also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board raised its holdings in shares of 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 worth $68,805,000 after purchasing an additional 4,300 shares during the period. Legacy Capital Partners Inc. raised its holdings in McDonald’s Corporation by 7.0% during the 1st quarter. Legacy Capital Partners Inc. now owns 26,154 shares of the fast-food giant’s stock valued at $3,390,000 after acquiring an additional 1,706 shares during the period. Teacher Retirement System of Texas raised its holdings in McDonald’s Corporation by 10.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock valued at $71,558,000 after acquiring an additional 44,899 shares during the period. Holderness Investments Co. raised its holdings in McDonald’s Corporation by 323.7% during the 1st quarter. Holderness Investments Co. now owns 10,589 shares of the fast-food giant’s stock valued at $1,372,000 after acquiring an additional 8,090 shares during the period. Finally, Cypress Asset Management Inc. TX increased its holdings in shares of McDonald’s Corporation by 136.4% in the second 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 period. Institutional investors and hedge funds own 69.01% of the company’s stock.

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada set a $175.00 price target on shares of McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, July 26th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $170.00 price target on shares of McDonald’s Corporation in a report on Tuesday, July 25th. BidaskClub cut shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Robert W. Baird reaffirmed an “outperform” rating and issued a $170.00 price target on shares of McDonald’s Corporation in a report on Tuesday, October 3rd. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $175.00 price target on shares of McDonald’s Corporation in a report on Monday, August 14th. Eleven investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $169.96.

McDonald’s Corporation (NYSE MCD) opened at $167.37 on Tuesday. McDonald’s Corporation has a one year low of $114.72 and a one year high of $170.92. The firm has a market cap of $132,005.97, a P/E ratio of 25.87, a price-to-earnings-growth ratio of 2.71 and a beta of 0.67. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17.

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 the Zacks’ consensus estimate of $1.75 by $0.01. McDonald’s Corporation had a net margin of 24.19% and a negative return on equity of 216.45%. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.75 billion. During the same quarter last year, the firm earned $1.62 earnings per share. The business’s revenue for the quarter was down 10.4% on a year-over-year basis. equities research analysts expect that McDonald’s Corporation will post 6.52 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $1.01 per share. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.41%. McDonald’s Corporation’s dividend payout ratio (DPR) is currently 54.26%.

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In other McDonald’s Corporation 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 transaction of $1,327,590.00. Following the completion of the transaction, the vice president now owns 15,739 shares of the company’s stock, valued at $2,596,935. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is currently owned by company insiders.

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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