Greenwood Gearhart Inc. decreased its position in McDonald’s Corporation (NYSE:MCD) by 61.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,147 shares of the fast-food giant’s stock after selling 23,792 shares during the period. Greenwood Gearhart Inc.’s holdings in McDonald’s were worth $2,320,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Colony Group LLC lifted its stake in McDonald’s by 2.7% during the 2nd quarter. Colony Group LLC now owns 39,789 shares of the fast-food giant’s stock valued at $6,094,000 after acquiring an additional 1,048 shares during the period. Sunbelt Securities Inc. lifted its stake in McDonald’s by 0.9% during the 2nd quarter. Sunbelt Securities Inc. now owns 4,295 shares of the fast-food giant’s stock valued at $658,000 after acquiring an additional 37 shares during the period. National Asset Management Inc. lifted its stake in McDonald’s by 4.8% during the 2nd quarter. National Asset Management Inc. now owns 17,533 shares of the fast-food giant’s stock valued at $2,688,000 after acquiring an additional 808 shares during the period. Krilogy Financial LLC lifted its stake in McDonald’s by 7.1% during the 2nd quarter. Krilogy Financial LLC now owns 2,431 shares of the fast-food giant’s stock valued at $372,000 after acquiring an additional 161 shares during the period. Finally, BB&T Investment Services Inc. bought a new position in McDonald’s during the 2nd quarter valued at about $2,417,000. Institutional investors own 67.40% of the company’s stock.

Several equities analysts have issued reports on the stock. Goldman Sachs Group set a $180.00 target price on shares of McDonald’s and gave the company a “buy” rating in a research note on Tuesday. ValuEngine cut shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Nomura set a $183.00 target price on shares of McDonald’s and gave the company a “buy” rating in a research note on Tuesday, October 17th. Longbow Research upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and upped their target price for the company from $154.05 to $183.00 in a research note on Thursday, September 28th. Finally, Barclays set a $193.00 target price on shares of McDonald’s and gave the company a “buy” rating in a research note on Friday, December 8th. Ten analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $174.55.

In related news, VP James R. Sappington sold 8,046 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total value of $1,327,590.00. Following the completion of the sale, the vice president now directly owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $28,879,840.64. Following the completion of the sale, the insider now directly owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

McDonald’s Corporation (MCD) traded up $1.29 during midday trading on Wednesday, hitting $173.52. 600,581 shares of the stock traded hands, compared to its average volume of 3,453,780. McDonald’s Corporation has a 12-month low of $118.18 and a 12-month high of $174.44. The stock has a market cap of $138,112.41, a price-to-earnings ratio of 27.07, a P/E/G ratio of 2.83 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 (NYSE:MCD) last released its earnings results 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. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.75 billion. McDonald’s had a net margin of 24.19% and a negative return on equity of 216.45%. The firm’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.62 EPS. analysts forecast that McDonald’s Corporation will post 6.53 EPS for the current fiscal year.

The company also recently announced 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 2.33%. This is a positive change from McDonald’s’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, November 30th. McDonald’s’s dividend payout ratio is currently 58.30%.

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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.

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

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