Advisory Services Network LLC grew its stake in McDonald’s Corporation (NYSE:MCD) by 16.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,553 shares of the fast-food giant’s stock after purchasing an additional 1,482 shares during the period. Advisory Services Network LLC’s holdings in McDonald’s were worth $1,616,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Jennison Associates LLC raised its holdings in McDonald’s by 681.3% in the 2nd quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock valued at $935,782,000 after buying an additional 5,327,778 shares during the last quarter. Janus Henderson Group PLC raised its holdings in McDonald’s by 3,951.0% during the 2nd quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock worth $677,339,000 after purchasing an additional 4,313,253 shares during the last quarter. FMR LLC raised its holdings in McDonald’s by 72.9% during the 2nd quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock worth $1,282,229,000 after purchasing an additional 3,530,622 shares during the last quarter. Alliancebernstein L.P. raised its holdings in McDonald’s by 69.9% during the 2nd quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock worth $1,157,628,000 after purchasing an additional 3,110,669 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in McDonald’s by 3.0% during the 2nd quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock worth $8,363,515,000 after purchasing an additional 1,586,761 shares during the last quarter. Institutional investors own 67.40% of the company’s stock.

In related news, VP James R. Sappington sold 8,046 shares of the business’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 in the company, valued at approximately $2,596,935. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen Easterbrook sold 171,577 shares of the business’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 owns 49,778 shares in the company, valued at $8,378,632.96. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Several research analysts have issued reports on MCD shares. Longbow Research upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and raised their price target for the stock from $154.05 to $183.00 in a report on Thursday, September 28th. Zacks Investment Research upgraded shares of McDonald’s from a “hold” rating to a “buy” rating and set a $178.00 price target for the company in a report on Tuesday, September 26th. Credit Suisse Group set a $170.00 price target on shares of McDonald’s and gave the stock a “buy” rating in a report on Wednesday, September 20th. Sanford C. Bernstein set a $180.00 price target on shares of McDonald’s and gave the stock a “buy” rating in a report on Tuesday, September 19th. Finally, Mizuho restated a “buy” rating and set a $173.00 price target (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 a consensus rating of “Buy” and a consensus target price of $175.05.

McDonald’s Corporation (NYSE MCD) traded up $1.32 during midday trading on Thursday, hitting $173.55. The stock had a trading volume of 2,554,000 shares, compared to its average volume of 3,450,031. The company has a market cap of $137,299.28, a PE ratio of 26.91, a price-to-earnings-growth ratio of 2.82 and a beta of 0.67. McDonald’s Corporation has a 12 month low of $118.18 and a 12 month high of $174.44. 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 EPS for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.01. The company had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.75 billion. McDonald’s had a negative return on equity of 216.45% and a net margin of 24.19%. The business’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 posted $1.62 EPS. equities research analysts forecast that McDonald’s Corporation will post 6.53 earnings per share for the current fiscal year.

The firm also recently announced 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. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.33%. This is a boost from McDonald’s’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, November 30th. McDonald’s’s payout ratio is presently 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.

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

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