Neuberger Berman Group LLC cut its position in McDonald’s Corp. (NYSE:MCD) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,627,010 shares of the fast-food giant’s stock after selling 22,872 shares during the period. Neuberger Berman Group LLC owned 0.19% of McDonald’s Corp. worth $195,794,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MCD. BlackRock Group LTD raised its position in McDonald’s Corp. by 1.1% in the first quarter. BlackRock Group LTD now owns 8,204,193 shares of the fast-food giant’s stock valued at $1,031,103,000 after buying an additional 89,886 shares in the last quarter. Geode Capital Management LLC raised its position in McDonald’s Corp. by 4.0% in the first quarter. Geode Capital Management LLC now owns 7,789,916 shares of the fast-food giant’s stock valued at $977,173,000 after buying an additional 302,511 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in McDonald’s Corp. by 10.2% in the first quarter. TIAA CREF Investment Management LLC now owns 4,264,396 shares of the fast-food giant’s stock valued at $535,949,000 after buying an additional 394,393 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in McDonald’s Corp. by 15.5% in the first quarter. UBS Asset Management Americas Inc. now owns 3,433,335 shares of the fast-food giant’s stock valued at $431,501,000 after buying an additional 461,750 shares in the last quarter. Finally, Swiss National Bank raised its position in McDonald’s Corp. by 3.6% in the second quarter. Swiss National Bank now owns 3,228,148 shares of the fast-food giant’s stock valued at $388,475,000 after buying an additional 111,300 shares in the last quarter. 69.10% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Corp. (NYSE:MCD) traded up 0.41% on Wednesday, reaching $116.93. The company had a trading volume of 4,528,526 shares. The firm has a 50 day moving average price of $116.56 and a 200-day moving average price of $122.29. The stock has a market capitalization of $99.78 billion, a price-to-earnings ratio of 22.33 and a beta of 0.59. McDonald’s Corp. has a 12 month low of $95.78 and a 12 month high of $131.96.

McDonald’s Corp. (NYSE:MCD) last released its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 EPS for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.06. The business had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.28 billion. McDonald’s Corp. had a return on equity of 97.56% and a net margin of 18.73%. McDonald’s Corp.’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.26 EPS. Analysts forecast that McDonald’s Corp. will post $5.56 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, September 1st were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $3.56 dividend on an annualized basis and a yield of 3.04%. McDonald’s Corp.’s dividend payout ratio (DPR) is presently 68.59%.

Several equities analysts have recently weighed in on the company. Vetr lowered McDonald’s Corp. from a “buy” rating to a “hold” rating and set a $121.01 price objective on the stock. in a research note on Wednesday. Nomura reaffirmed a “hold” rating on shares of McDonald’s Corp. in a research note on Tuesday, July 12th. SunTrust Banks Inc. set a $138.00 price objective on McDonald’s Corp. and gave the company a “buy” rating in a research note on Wednesday, July 27th. Longbow Research reaffirmed a “hold” rating on shares of McDonald’s Corp. in a research note on Wednesday, June 8th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of McDonald’s Corp. in a research note on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $126.62.

In related news, Chairman Andrew J. Mckenna sold 70,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $118.28, for a total transaction of $8,279,600.00. Following the sale, the chairman now directly owns 108,841 shares in the company, valued at approximately $12,873,713.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.28% of the company’s stock.

McDonald’s Corp. Company Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality 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.

5 Day Chart for NYSE:MCD

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