Patriot Financial Group Insurance Agency LLC lowered its position in McDonald’s Corporation (NYSE:MCD) by 22.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,104 shares of the fast-food giant’s stock after selling 3,567 shares during the quarter. McDonald’s Corporation makes up about 2.0% of Patriot Financial Group Insurance Agency LLC’s portfolio, making the stock its 7th biggest position. Patriot Financial Group Insurance Agency LLC’s holdings in McDonald’s Corporation were worth $1,882,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board grew its stake in McDonald’s Corporation by 1.0% in the second 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 in the last quarter. Legacy Capital Partners Inc. boosted its position 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 in the last quarter. Teacher Retirement System of Texas boosted its position 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 in the last quarter. Holderness Investments Co. boosted its position 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 in the last quarter. Finally, Cypress Asset Management Inc. TX boosted its position in McDonald’s Corporation by 136.4% during the 2nd quarter. Cypress Asset Management Inc. TX now owns 28,274 shares of the fast-food giant’s stock valued at $4,330,000 after acquiring an additional 16,315 shares in the last quarter. 67.95% of the stock is currently owned by institutional investors.

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

Several analysts have issued reports on the company. Goldman Sachs Group, Inc. (The) set a $173.00 target price on McDonald’s Corporation and gave the company a “buy” rating in a research report on Wednesday, November 8th. Deutsche Bank AG set a $185.00 target price on McDonald’s Corporation and gave the company a “buy” rating in a research report on Friday, October 20th. Barclays PLC set a $182.00 target price on McDonald’s Corporation and gave the company a “buy” rating in a research report on Wednesday, October 18th. Argus reaffirmed a “buy” rating on shares of McDonald’s Corporation in a research report on Tuesday, October 17th. Finally, Nomura set a $183.00 target price on McDonald’s Corporation and gave the company a “buy” rating in a research 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 stock. McDonald’s Corporation has an average rating of “Buy” and a consensus price target of $169.96.

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Shares of McDonald’s Corporation (NYSE:MCD) opened at $166.72 on Monday. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. McDonald’s Corporation has a 12-month low of $117.71 and a 12-month high of $170.92. The company has a market capitalization of $132,906.78, a PE ratio of 26.05, a PEG ratio of 2.73 and a beta of 0.67.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 2.42%. This is a boost 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 presently 54.26%.

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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