Monroe Bank & Trust MI lessened its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 3.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,454 shares of the fast-food giant’s stock after selling 395 shares during the period. McDonald’s Corporation makes up about 0.6% of Monroe Bank & Trust MI’s portfolio, making the stock its 27th biggest holding. Monroe Bank & Trust MI’s holdings in McDonald’s Corporation were worth $1,755,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Jennison Associates LLC increased its position in shares of McDonald’s Corporation by 681.3% in the 2nd quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock valued at $935,782,000 after acquiring an additional 5,327,778 shares during the period. Legal & General Group Plc increased its position in shares of McDonald’s Corporation by 3.5% in the 2nd quarter. Legal & General Group Plc now owns 4,388,893 shares of the fast-food giant’s stock valued at $672,205,000 after acquiring an additional 147,589 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of McDonald’s Corporation by 3.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,009,947 shares of the fast-food giant’s stock valued at $614,164,000 after acquiring an additional 127,840 shares during the period. Swiss National Bank increased its position in shares of McDonald’s Corporation by 18.0% in the 1st 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. Finally, Prudential Financial Inc. increased its position in shares of McDonald’s Corporation by 6.8% in the 2nd quarter. Prudential Financial Inc. now owns 2,805,231 shares of the fast-food giant’s stock valued at $429,649,000 after acquiring an additional 179,334 shares during the period. Hedge funds and other institutional investors own 69.01% of the company’s stock.

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

Shares of McDonald’s Corporation (NYSE:MCD) opened at $168.09 on Friday. McDonald’s Corporation has a 1-year low of $117.71 and a 1-year high of $170.92. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. The company has a market cap of $133,385.11, a PE ratio of 26.14, a PEG ratio of 2.74 and a beta of 0.67.

McDonald’s Corporation (NYSE:MCD) last issued its quarterly 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 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 previous year, the business posted $1.62 earnings per share. The business’s revenue was down 10.4% compared to the same quarter last year. sell-side analysts anticipate that McDonald’s Corporation will post 6.52 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders 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 dividend yield of 2.40%. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, November 30th. McDonald’s Corporation’s payout ratio is 54.26%.

Several equities research analysts have weighed in on the company. Goldman Sachs Group, Inc. (The) set a $173.00 price target on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Zacks Investment Research downgraded McDonald’s Corporation from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Deutsche Bank AG set a $185.00 price target on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Thursday, October 26th. Credit Suisse Group increased their price target on McDonald’s Corporation from $170.00 to $178.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Finally, BMO Capital Markets set a $175.00 price target on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Eleven analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. McDonald’s Corporation presently has a consensus rating of “Buy” and a consensus price target of $169.96.

COPYRIGHT VIOLATION NOTICE: This report was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/11/17/monroe-bank-trust-mi-has-1-76-million-stake-in-mcdonalds-corporation-mcd.html.

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.