Coastline Trust Co lowered its stake in shares of McDonald's Co. (NYSE:MCD) by 4.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,621 shares of the fast-food giant’s stock after selling 500 shares during the quarter. Coastline Trust Co’s holdings in McDonald's were worth $2,331,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in shares of McDonald's by 15.2% during the second quarter. Bank of New York Mellon Corp now owns 8,308,005 shares of the fast-food giant’s stock worth $1,532,576,000 after buying an additional 1,096,425 shares in the last quarter. Morgan Stanley boosted its holdings in McDonald's by 2.2% in the first quarter. Morgan Stanley now owns 8,019,771 shares of the fast-food giant’s stock worth $1,326,069,000 after purchasing an additional 169,921 shares during the period. Capital Research Global Investors boosted its holdings in McDonald's by 1.1% in the first quarter. Capital Research Global Investors now owns 5,795,881 shares of the fast-food giant’s stock worth $958,350,000 after purchasing an additional 61,157 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in McDonald's by 33.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 4,529,724 shares of the fast-food giant’s stock worth $835,598,000 after purchasing an additional 1,144,343 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in McDonald's by 4.0% in the second quarter. California Public Employees Retirement System now owns 4,458,824 shares of the fast-food giant’s stock worth $822,519,000 after purchasing an additional 171,403 shares during the period. 66.07% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE MCD opened at $229.37 on Friday. McDonald's Co. has a fifty-two week low of $124.23 and a fifty-two week high of $231.91. The firm’s 50-day simple moving average is $219.28 and its 200 day simple moving average is $196.08. The stock has a market cap of $170.67 billion, a P/E ratio of 36.35, a P/E/G ratio of 5.25 and a beta of 0.67.

McDonald's (NYSE:MCD) last issued its quarterly earnings results on Tuesday, July 28th. The fast-food giant reported $0.66 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.10). McDonald's had a negative return on equity of 52.78% and a net margin of 24.78%. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter last year, the firm posted $2.05 earnings per share. McDonald's’s revenue was down 29.6% compared to the same quarter last year. Analysts expect that McDonald's Co. will post 5.96 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a $1.29 dividend. The ex-dividend date is Monday, November 30th. This is a boost from McDonald's’s previous quarterly dividend of $1.25. This represents a $5.16 annualized dividend and a yield of 2.25%. McDonald's’s payout ratio is 63.78%.

A number of equities analysts have commented on the stock. Bank of America lifted their price objective on shares of McDonald's from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, October 5th. BofA Securities lifted their price objective on shares of McDonald's from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, October 5th. KeyCorp lifted their price objective on shares of McDonald's from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Tuesday, August 18th. Credit Suisse Group lifted their price objective on shares of McDonald's from $210.00 to $214.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. raised their target price on McDonald's from $180.00 to $204.00 and gave the company an “overweight” rating in a research note on Wednesday, June 24th. Eight analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $222.43.

About McDonald's

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products and beverages, as well as breakfast menu. As of December 31, 2019, the company operated 38,695 restaurants. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.

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

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