Trust Co. of Virginia VA lessened its stake in shares of McDonald’s Corporation (NYSE:MCD) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,529 shares of the fast-food giant’s stock after selling 225 shares during the quarter. Trust Co. of Virginia VA’s holdings in McDonald’s were worth $2,991,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Proficio Capital Partners LLC boosted its stake in shares of McDonald’s by 87.8% during the 1st quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after acquiring an additional 346 shares in the last quarter. Acrospire Investment Management LLC bought a new stake in shares of McDonald’s during the 2nd quarter worth about $153,000. QCI Asset Management Inc. NY boosted its stake in shares of McDonald’s by 22.4% during the 2nd quarter. QCI Asset Management Inc. NY now owns 1,094 shares of the fast-food giant’s stock worth $168,000 after acquiring an additional 200 shares in the last quarter. AlphaMark Advisors LLC boosted its stake in McDonald’s by 0.4% during the 2nd 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 during the period. Finally, Thompson Siegel & Walmsley LLC boosted its stake in McDonald’s by 4.0% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,285 shares of the fast-food giant’s stock valued at $197,000 after purchasing an additional 50 shares during the period. Institutional investors own 67.40% of the company’s stock.

In other news, insider Stephen Easterbrook sold 171,577 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total value of $28,879,840.64. Following the completion of the transaction, the insider now directly owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP James R. Sappington sold 8,046 shares of the 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 of the company’s stock, valued at $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

Shares of McDonald’s Corporation (MCD) traded up $2.34 during mid-day trading on Wednesday, hitting $172.99. The company’s stock had a trading volume of 3,228,700 shares, compared to its average volume of 3,475,051. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27. McDonald’s Corporation has a 52 week low of $118.18 and a 52 week high of $174.25. The company has a market cap of $136,039.72, a P/E ratio of 26.66, a P/E/G ratio of 2.79 and a beta of 0.67.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.01. McDonald’s 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 quarter last year, the company earned $1.62 EPS. The company’s quarterly revenue was down 10.4% on a year-over-year basis. equities analysts expect 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. Shareholders of record on Friday, December 1st will be given a $1.01 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.34%. This is an increase from McDonald’s’s previous quarterly dividend of $0.94. McDonald’s’s dividend payout ratio (DPR) is currently 58.30%.

Several brokerages recently weighed in on MCD. Jefferies Group upgraded McDonald’s from a “hold” rating to a “buy” rating and increased their target price for the company from $150.00 to $200.00 in a research note on Tuesday. ValuEngine downgraded McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Goldman Sachs Group set a $173.00 target price on McDonald’s and gave the company a “buy” rating in a research note on Wednesday, November 8th. Zacks Investment Research downgraded McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Finally, Deutsche Bank set a $185.00 target price on McDonald’s and gave the company a “buy” rating in a research note on Thursday, October 26th. Ten analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. McDonald’s presently has an average rating of “Buy” and a consensus price target of $173.95.

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McDonald’s 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 (NYSE:MCD)

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