Pinnacle Holdings LLC lowered its holdings in Mcdonald’s Corp (NYSE:MCD) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,785 shares of the fast-food giant’s stock after selling 299 shares during the period. Mcdonald’s comprises 1.5% of Pinnacle Holdings LLC’s holdings, making the stock its 10th biggest holding. Pinnacle Holdings LLC’s holdings in Mcdonald’s were worth $4,109,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ancora Advisors LLC grew its stake in shares of Mcdonald’s by 8.2% in the 2nd quarter. Ancora Advisors LLC now owns 59,915 shares of the fast-food giant’s stock worth $12,442,000 after purchasing an additional 4,559 shares during the last quarter. Lourd Capital LLC boosted its holdings in shares of Mcdonald’s by 8.2% in the second quarter. Lourd Capital LLC now owns 1,593 shares of the fast-food giant’s stock worth $331,000 after buying an additional 121 shares during the period. Ballentine Partners LLC boosted its holdings in shares of Mcdonald’s by 168.7% in the second quarter. Ballentine Partners LLC now owns 15,024 shares of the fast-food giant’s stock worth $3,120,000 after buying an additional 9,433 shares during the period. GFS Advisors LLC acquired a new position in shares of Mcdonald’s in the second quarter worth about $212,000. Finally, Hudson Valley Investment Advisors Inc. ADV boosted its holdings in shares of Mcdonald’s by 1.4% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 5,601 shares of the fast-food giant’s stock worth $1,163,000 after buying an additional 75 shares during the period. 67.70% of the stock is currently owned by institutional investors.

NYSE MCD traded down $1.94 during trading on Friday, reaching $210.21. The company’s stock had a trading volume of 2,662,104 shares, compared to its average volume of 2,660,170. The stock has a market capitalization of $159.24 billion, a PE ratio of 26.61, a PEG ratio of 3.11 and a beta of 0.49. The business has a 50-day moving average price of $216.70 and a 200-day moving average price of $201.97. Mcdonald’s Corp has a 1-year low of $156.56 and a 1-year high of $221.93.

Mcdonald’s (NYSE:MCD) last posted its earnings results on Friday, July 26th. The fast-food giant reported $2.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.06 by ($0.01). The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.34 billion. Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. Mcdonald’s’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.99 earnings per share. On average, sell-side analysts expect that Mcdonald’s Corp will post 8.01 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Friday, August 30th. Mcdonald’s’s dividend payout ratio (DPR) is presently 58.73%.

Several research analysts have commented on the stock. MKM Partners assumed coverage on shares of Mcdonald’s in a report on Tuesday, August 13th. They issued a “buy” rating and a $250.00 target price for the company. Evercore ISI assumed coverage on shares of Mcdonald’s in a report on Tuesday, June 11th. They issued an “outperform” rating and a $225.00 target price for the company. Credit Suisse Group raised their target price on shares of Mcdonald’s from $230.00 to $236.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. They noted that the move was a valuation call. Cowen raised their target price on shares of Mcdonald’s from $225.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. Finally, KeyCorp raised their target price on shares of Mcdonald’s from $215.00 to $235.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Eight research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $220.55.

In other Mcdonald’s news, VP Catherine A. Hoovel sold 457 shares of Mcdonald’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $218.15, for a total value of $99,694.55. Following the completion of the sale, the vice president now directly owns 1,348 shares in the company, valued at $294,066.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Silvia Lagnado sold 26,649 shares of Mcdonald’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $212.58, for a total transaction of $5,665,044.42. Following the completion of the sale, the executive vice president now owns 40,129 shares of the company’s stock, valued at $8,530,622.82. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.

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, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

Read More: What is a management fee?

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mcdonald’s Corp (NYSE:MCD).

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

Receive News & Ratings for Mcdonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mcdonald's and related companies with MarketBeat.com's FREE daily email newsletter.