Marble Harbor Investment Counsel LLC lowered its stake in McDonald’s Corporation (NYSE:MCD) by 2.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,470 shares of the fast-food giant’s stock after selling 880 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in McDonald’s Corporation were worth $5,279,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Proficio Capital Partners LLC increased its holdings in shares of McDonald’s Corporation by 0.7% in the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after purchasing an additional 5 shares in the last quarter. AlphaMark Advisors LLC increased its holdings in shares of McDonald’s Corporation by 0.4% in the second quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock valued at $197,000 after purchasing an additional 5 shares in the last quarter. Winch Advisory Services LLC increased its holdings in shares of McDonald’s Corporation by 0.4% in the second quarter. Winch Advisory Services LLC now owns 1,598 shares of the fast-food giant’s stock valued at $245,000 after purchasing an additional 7 shares in the last quarter. Valmark Advisers Inc. increased its holdings in shares of McDonald’s Corporation by 0.3% in the second quarter. Valmark Advisers Inc. now owns 2,381 shares of the fast-food giant’s stock valued at $365,000 after purchasing an additional 8 shares in the last quarter. Finally, Allen Investment Management LLC increased its holdings in shares of McDonald’s Corporation by 0.5% in the second quarter. Allen Investment Management LLC now owns 1,725 shares of the fast-food giant’s stock valued at $264,000 after purchasing an additional 9 shares in the last quarter. 67.95% of the stock is owned by institutional investors and hedge funds.

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McDonald’s Corporation (NYSE:MCD) opened at $169.05 on Thursday. The firm has a market cap of $134,166.34, a PE ratio of 26.30, a PEG ratio of 2.75 and a beta of 0.67. McDonald’s Corporation has a 52 week low of $117.71 and a 52 week high of $170.92. 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 (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.01. The company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. McDonald’s Corporation had a net margin of 24.19% and a negative return on equity of 216.45%. McDonald’s Corporation’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.62 EPS. research 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. Stockholders of record on Friday, December 1st will be paid a dividend of $1.01 per share. 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 dividend yield of 2.39%. McDonald’s Corporation’s payout ratio is currently 54.26%.

A number of research firms have commented on MCD. Goldman Sachs Group, Inc. (The) set a $173.00 target price on shares of McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, November 8th. Zacks Investment Research lowered shares of 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 shares of McDonald’s Corporation and gave the stock a “buy” rating in a report on Thursday, October 26th. Credit Suisse Group lifted their target price on shares of McDonald’s Corporation from $170.00 to $178.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Finally, BMO Capital Markets set a $175.00 target price on shares of McDonald’s Corporation and gave the stock 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 issued a buy rating to the company’s stock. McDonald’s Corporation presently has a consensus rating of “Buy” and an average target price of $169.96.

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 approximately $2,596,935. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is owned by insiders.

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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