Lipe & Dalton held its stake in McDonald’s Corporation (NYSE:MCD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,843 shares of the fast-food giant’s stock at the close of the second quarter. Lipe & Dalton’s holdings in McDonald’s Corporation were worth $282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Canada Pension Plan Investment Board grew 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 acquiring 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 acquiring an additional 1,706 shares during the period. 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 acquiring an additional 44,899 shares during the period. 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 acquiring an additional 8,090 shares during the period. 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 acquiring an additional 16,315 shares during the period. 69.01% of the stock is owned by institutional investors and hedge funds.

McDonald’s Corporation (MCD) opened at $166.72 on Friday. 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 has a 52 week low of $117.71 and a 52 week high of $170.92. The company has a market capitalization of $132,906.84, a P/E ratio of 26.05, a price-to-earnings-growth ratio of 2.73 and a beta of 0.67.

McDonald’s Corporation (NYSE:MCD) last issued its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.75 billion. During the same period in the previous year, the firm posted $1.62 earnings per share. McDonald’s Corporation’s quarterly revenue was down 10.4% compared to the same quarter last year. equities research analysts predict that McDonald’s Corporation will post 6.52 EPS for the current year.

The business 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 $1.01 dividend. This is an increase 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 2.42%. The ex-dividend date is Thursday, November 30th. McDonald’s Corporation’s payout ratio is presently 54.26%.

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In other McDonald’s Corporation news, VP James R. Sappington sold 8,046 shares of McDonald’s Corporation stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total value of $1,327,590.00. Following the completion of 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

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

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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