Sullivan Bruyette Speros & Blaney LLC grew its position in shares of McDonald’s Corporation (NYSE:MCD) by 0.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 8,000 shares of the fast-food giant’s stock after acquiring an additional 73 shares during the quarter. Sullivan Bruyette Speros & Blaney LLC’s holdings in McDonald’s Corporation were worth $1,225,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board raised its holdings in McDonald’s Corporation by 1.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant’s stock valued at $68,805,000 after buying 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 buying 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 buying 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 buying an additional 8,090 shares during the period. Finally, Cypress Asset Management Inc. TX raised its holdings 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 buying an additional 16,315 shares during the period. Hedge funds and other institutional investors own 67.95% of the company’s stock.

McDonald’s Corporation (NYSE:MCD) opened at $166.93 on Tuesday. McDonald’s Corporation has a 12 month low of $117.71 and a 12 month high of $170.92. The stock has a market capitalization of $135,210.00, a PE ratio of 26.05, a PEG ratio of 2.73 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 (EPS) for the quarter, topping the 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 firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.75 billion. During the same period last year, the business posted $1.62 earnings per share. The company’s revenue for the quarter was down 10.4% compared to the same quarter last year. research analysts anticipate that McDonald’s Corporation will post 6.52 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.42%. This is a boost from McDonald’s Corporation’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, November 30th. McDonald’s Corporation’s dividend payout ratio (DPR) is presently 54.26%.

In other news, VP James R. Sappington sold 8,046 shares of the firm’s 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 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 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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A number of analysts have weighed in on the company. BidaskClub upgraded McDonald’s Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Barclays PLC reiterated an “overweight” rating and issued a $173.00 target price (up previously from $164.00) on shares of McDonald’s Corporation in a research note on Wednesday, July 26th. Vetr upgraded McDonald’s Corporation from a “sell” rating to a “hold” rating and set a $159.47 target price on the stock in a research note on Thursday, August 3rd. Bank of America Corporation reiterated a “buy” rating and issued a $175.00 target price on shares of McDonald’s Corporation in a research note on Monday, August 14th. Finally, Nomura set a $183.00 target price on McDonald’s Corporation and gave the stock a “buy” rating in a research note 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. McDonald’s Corporation has an average rating of “Buy” and an average 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.

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

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