American Asset Management Inc. boosted its position in shares of McDonald’s Corporation (NYSE:MCD) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,747 shares of the fast-food giant’s stock after acquiring an additional 1 shares during the period. American Asset Management Inc.’s holdings in McDonald’s Corporation were worth $268,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Jennison Associates LLC lifted its position in McDonald’s Corporation by 681.3% during the 2nd quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock worth $935,782,000 after acquiring an additional 5,327,778 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of McDonald’s Corporation by 3.5% during the 2nd quarter. Legal & General Group Plc now owns 4,388,893 shares of the fast-food giant’s stock worth $672,205,000 after purchasing an additional 147,589 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of McDonald’s Corporation by 3.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,009,947 shares of the fast-food giant’s stock worth $614,164,000 after purchasing an additional 127,840 shares during the period. Swiss National Bank increased its holdings in shares of McDonald’s Corporation by 18.0% during the 1st quarter. Swiss National Bank now owns 3,653,548 shares of the fast-food giant’s stock worth $473,536,000 after purchasing an additional 558,300 shares during the period. Finally, Prudential Financial Inc. increased its holdings in shares of McDonald’s Corporation by 6.8% during the 2nd quarter. Prudential Financial Inc. now owns 2,805,231 shares of the fast-food giant’s stock worth $429,649,000 after purchasing an additional 179,334 shares during the period. 69.01% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Corporation (NYSE MCD) opened at $168.11 on Wednesday. McDonald’s Corporation has a twelve month low of $117.02 and a twelve month high of $170.92. The firm has a market cap of $133,424.95, a P/E ratio of 26.15, a P/E/G ratio of 2.74 and a beta of 0.67. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $5.75 billion. During the same period in the prior year, the business posted $1.62 earnings per share. McDonald’s Corporation’s revenue was down 10.4% compared to the same quarter last year. equities analysts predict that McDonald’s Corporation will post 6.52 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $1.01 dividend. The ex-dividend date is Thursday, November 30th. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a yield of 2.40%. McDonald’s Corporation’s dividend payout ratio (DPR) is 54.26%.

In other McDonald’s Corporation news, VP James R. Sappington sold 8,046 shares of the stock in a transaction 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 sale, the vice president now directly owns 15,739 shares in the company, valued at $2,596,935. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.24% of the company’s stock.

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Several research firms have recently issued reports 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 restated a “buy” rating and set a $175.00 price objective on shares of McDonald’s Corporation in a report on Monday, August 14th. Finally, Nomura set a $183.00 price objective 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 assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $169.96.

About McDonald’s Corporation

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.

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

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