Benjamin F. Edwards & Company Inc. raised its position in shares of McDonald’s Corporation (NYSE:MCD) by 3.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,537 shares of the fast-food giant’s stock after buying an additional 488 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in McDonald’s Corporation were worth $1,677,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Robeco Institutional Asset Management B.V. boosted its position in McDonald’s Corporation by 33.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,074,266 shares of the fast-food giant’s stock valued at $129,275,000 after buying an additional 268,464 shares in the last quarter. Franklin Street Advisors Inc. NC boosted its position in McDonald’s Corporation by 16.1% in the third quarter. Franklin Street Advisors Inc. NC now owns 47,634 shares of the fast-food giant’s stock valued at $5,495,000 after buying an additional 6,606 shares in the last quarter. Kentucky Retirement Systems purchased a new position in McDonald’s Corporation during the second quarter valued at about $8,984,000. UBS Asset Management Americas Inc. boosted its position in McDonald’s Corporation by 15.1% in the second quarter. UBS Asset Management Americas Inc. now owns 3,952,572 shares of the fast-food giant’s stock valued at $475,653,000 after buying an additional 519,237 shares in the last quarter. Finally, Oakbrook Investments LLC boosted its position in McDonald’s Corporation by 3.7% in the second quarter. Oakbrook Investments LLC now owns 87,291 shares of the fast-food giant’s stock valued at $10,505,000 after buying an additional 3,100 shares in the last quarter. Institutional investors own 66.31% of the company’s stock.

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

McDonald’s Corporation (NYSE:MCD) traded down 0.49% during trading on Friday, hitting $121.50. The stock had a trading volume of 2,877,400 shares. The company has a 50-day moving average of $121.27 and a 200-day moving average of $118.05. The stock has a market capitalization of $100.90 billion, a P/E ratio of 22.83 and a beta of 0.67. McDonald’s Corporation has a 52 week low of $110.33 and a 52 week high of $131.96.

McDonald’s Corporation (NYSE:MCD) last released its earnings results on Friday, October 21st. The fast-food giant reported $1.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.13. McDonald’s Corporation had a return on equity of 197.51% and a net margin of 18.74%. The business earned $6.42 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period last year, the business posted $1.40 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities analysts expect that McDonald’s Corporation will post $5.69 earnings per share for the current fiscal year.

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Several equities analysts recently issued reports on the company. Sanford C. Bernstein reiterated a “market perform” rating and issued a $129.00 price target on shares of McDonald’s Corporation in a report on Wednesday, December 7th. Vetr cut McDonald’s Corporation from a “hold” rating to a “sell” rating and set a $116.22 price target on the stock. in a report on Monday. BTIG Research set a $137.00 price target on McDonald’s Corporation and gave the company a “buy” rating in a report on Monday, October 24th. Guggenheim cut McDonald’s Corporation from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $131.96 to $110.33 in a report on Thursday, December 1st. They noted that the move was a valuation call. Finally, Instinet reduced their target price on McDonald’s Corporation from $139.00 to $137.00 and set a “buy” rating on the stock in a report on Wednesday, January 4th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $126.77.

In other news, Chairman Andrew J. Mckenna sold 30,000 shares of the firm’s stock in a transaction on Monday, October 24th. The stock was sold at an average price of $113.48, for a total value of $3,404,400.00. Following the completion of the transaction, the chairman now directly owns 72,514 shares of the company’s stock, valued at $8,228,888.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP James R. Sappington sold 8,298 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $118.08, for a total value of $979,827.84. Following the completion of the transaction, the vice president now directly owns 14,750 shares of the company’s stock, valued at $1,741,680. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

McDonald’s Corporation 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

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