Raymond James Trust N.A. decreased its holdings in Mcdonald’s Corp (NYSE:MCD) by 13.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,067 shares of the fast-food giant’s stock after selling 8,743 shares during the quarter. Raymond James Trust N.A.’s holdings in Mcdonald’s were worth $9,714,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of MCD. Main Street Research LLC raised its stake in shares of Mcdonald’s by 1.0% during the 3rd quarter. Main Street Research LLC now owns 30,944 shares of the fast-food giant’s stock valued at $5,177,000 after buying an additional 299 shares during the last quarter. Howard Capital Management raised its stake in shares of Mcdonald’s by 1.7% during the 3rd quarter. Howard Capital Management now owns 18,127 shares of the fast-food giant’s stock valued at $3,032,000 after buying an additional 300 shares during the last quarter. Palisade Asset Management LLC raised its stake in shares of Mcdonald’s by 0.4% during the 3rd quarter. Palisade Asset Management LLC now owns 75,193 shares of the fast-food giant’s stock valued at $12,579,000 after buying an additional 300 shares during the last quarter. Gilman Hill Asset Management LLC raised its stake in shares of Mcdonald’s by 13.4% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 2,531 shares of the fast-food giant’s stock valued at $423,000 after buying an additional 300 shares during the last quarter. Finally, Parsec Financial Management Inc. raised its stake in shares of Mcdonald’s by 8.3% during the 3rd quarter. Parsec Financial Management Inc. now owns 3,933 shares of the fast-food giant’s stock valued at $658,000 after buying an additional 300 shares during the last quarter. 67.22% of the stock is owned by hedge funds and other institutional investors.

MCD has been the subject of a number of recent research reports. Zacks Investment Research upgraded Mcdonald’s from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research note on Monday, November 26th. ValuEngine upgraded Mcdonald’s from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. Jefferies Financial Group lifted their price target on Mcdonald’s from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, October 24th. Wells Fargo & Co restated a “buy” rating and issued a $185.00 price target on shares of Mcdonald’s in a research note on Monday, September 24th. Finally, Morgan Stanley restated a “neutral” rating and issued a $173.00 price target on shares of Mcdonald’s in a research note on Wednesday, October 24th. Six equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $191.69.

In other news, CEO Stephen Easterbrook sold 201,123 shares of the business’s stock in a transaction that occurred on Wednesday, October 24th. The stock was sold at an average price of $175.63, for a total transaction of $35,323,232.49. Following the transaction, the chief executive officer now directly owns 48,925 shares in the company, valued at approximately $8,592,697.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Francesca A. Debiase sold 15,136 shares of the business’s stock in a transaction that occurred on Wednesday, October 24th. The stock was sold at an average price of $176.17, for a total value of $2,666,509.12. Following the transaction, the executive vice president now owns 17,306 shares in the company, valued at $3,048,798.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 221,041 shares of company stock valued at $38,839,407. 0.22% of the stock is owned by company insiders.

NYSE:MCD opened at $185.04 on Thursday. Mcdonald’s Corp has a 12 month low of $146.84 and a 12 month high of $190.88. The company has a market cap of $142.65 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 2.71 and a beta of 0.55.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 23rd. The fast-food giant reported $2.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.11. Mcdonald’s had a negative return on equity of 116.43% and a net margin of 24.56%. The company had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same period in the previous year, the business earned $1.76 EPS. Mcdonald’s’s quarterly revenue was down 6.7% on a year-over-year basis. As a group, equities analysts anticipate that Mcdonald’s Corp will post 7.76 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a dividend of $1.16 per share. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. This represents a $4.64 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Friday, November 30th. Mcdonald’s’s payout ratio is 69.67%.

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Mcdonald’s Company Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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

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