Cutler Investment Counsel LLC raised its position in shares of McDonald’s Corporation (NYSE:MCD) by 1.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 76,253 shares of the fast-food giant’s stock after purchasing an additional 930 shares during the quarter. McDonald’s comprises 2.9% of Cutler Investment Counsel LLC’s portfolio, making the stock its 6th largest holding. Cutler Investment Counsel LLC’s holdings in McDonald’s were worth $11,679,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Jennison Associates LLC lifted its holdings in shares of McDonald’s by 681.3% in the second quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock valued at $935,782,000 after purchasing an additional 5,327,778 shares in the last quarter. FMR LLC lifted its holdings in shares of McDonald’s by 72.9% in the second quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock valued at $1,282,229,000 after purchasing an additional 3,530,622 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of McDonald’s by 69.9% in the second quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock valued at $1,157,628,000 after purchasing an additional 3,110,669 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of McDonald’s by 3.0% in the second quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock valued at $8,363,515,000 after purchasing an additional 1,586,761 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of McDonald’s by 27.8% in the second quarter. TIAA CREF Investment Management LLC now owns 4,359,196 shares of the fast-food giant’s stock valued at $667,654,000 after purchasing an additional 949,363 shares in the last quarter. 67.40% of the stock is owned by hedge funds and other institutional investors.

MCD has been the subject of a number of research analyst reports. Bank of America restated a “buy” rating and issued a $175.00 target price on shares of McDonald’s in a report on Monday, August 14th. BidaskClub upgraded McDonald’s from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Robert W. Baird restated a “buy” rating and issued a $170.00 target price on shares of McDonald’s in a report on Friday, September 1st. Royal Bank Of Canada restated a “buy” rating and issued a $175.00 target price on shares of McDonald’s in a report on Friday, September 8th. Finally, Mizuho restated a “buy” rating and issued a $173.00 target price (up previously from $170.00) on shares of McDonald’s in a report on Wednesday, September 13th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $174.32.

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 sale, the vice president now directly owns 15,739 shares of the company’s stock, valued at $2,596,935. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total value of $28,879,840.64. Following the completion of the sale, the insider now directly owns 49,778 shares in the company, valued at $8,378,632.96. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

McDonald’s Corporation (MCD) opened at $173.15 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. The company has a market cap of $138,032.75, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 2.83 and a beta of 0.67. McDonald’s Corporation has a 1 year low of $118.18 and a 1 year high of $174.44.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.01. The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.75 billion. McDonald’s had a net margin of 24.19% and a negative return on equity of 216.45%. The business’s quarterly revenue was down 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.62 earnings per share. equities analysts anticipate that McDonald’s Corporation will post 6.53 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.33%. This is an increase from McDonald’s’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, November 30th. McDonald’s’s dividend payout ratio is presently 58.30%.

TRADEMARK VIOLATION WARNING: This report was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another site, it was stolen and reposted in violation of US and international trademark & copyright law. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/12/10/mcdonalds-corporation-mcd-holdings-boosted-by-cutler-investment-counsel-llc.html.

McDonald’s Company 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.

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

Receive News & Stock Ratings for McDonald's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's Corporation and related stocks with our FREE daily email newsletter.