Mcmillion Capital Management Inc. maintained its stake in shares of McDonald’s Corporation (NYSE:MCD) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,900 shares of the fast-food giant’s stock at the end of the third quarter. Mcmillion Capital Management Inc.’s holdings in McDonald’s Corporation were worth $796,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Day & Ennis LLC boosted its stake in shares of McDonald’s Corporation by 0.3% in the second quarter. Day & Ennis LLC now owns 2,560 shares of the fast-food giant’s stock worth $308,000 after buying an additional 7 shares in the last quarter. Dynamic Advisors Solutions LLC boosted its stake in shares of McDonald’s Corporation by 0.4% in the third quarter. Dynamic Advisors Solutions LLC now owns 2,161 shares of the fast-food giant’s stock worth $249,000 after buying an additional 8 shares in the last quarter. Capital Advisors Inc. OK boosted its stake in shares of McDonald’s Corporation by 0.3% in the third quarter. Capital Advisors Inc. OK now owns 5,885 shares of the fast-food giant’s stock worth $679,000 after buying an additional 17 shares in the last quarter. Abner Herrman & Brock LLC boosted its stake in shares of McDonald’s Corporation by 0.4% in the third quarter. Abner Herrman & Brock LLC now owns 4,006 shares of the fast-food giant’s stock worth $462,000 after buying an additional 17 shares in the last quarter. Finally, Hanson McClain Inc. boosted its stake in shares of McDonald’s Corporation by 0.6% in the second quarter. Hanson McClain Inc. now owns 2,910 shares of the fast-food giant’s stock worth $350,000 after buying an additional 18 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

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

Shares of McDonald’s Corporation (NYSE:MCD) opened at 126.70 on Friday. The stock has a 50 day moving average of $122.71 and a 200 day moving average of $118.29. McDonald’s Corporation has a 52 week low of $110.33 and a 52 week high of $131.96. The stock has a market cap of $105.22 billion, a P/E ratio of 23.29 and a beta of 0.69.

McDonald’s Corporation (NYSE:MCD) last posted its earnings results on Monday, January 23rd. The fast-food giant reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.03. The firm earned $6.03 billion during the quarter, compared to analyst estimates of $5.99 billion. McDonald’s Corporation had a net margin of 18.93% and a return on equity of 514.39%. The business’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.31 EPS. On average, analysts expect that McDonald’s Corporation will post $6.17 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Monday, February 27th. McDonald’s Corporation’s dividend payout ratio (DPR) is 69.37%.

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A number of equities analysts have weighed in on MCD shares. Sanford C. Bernstein reiterated a “market perform” rating and issued a $129.00 price target on shares of McDonald’s Corporation in a research report on Wednesday, December 7th. BTIG Research set a $137.00 price target on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research report on Monday, October 24th. Stephens reiterated an “overweight” rating and issued a $135.00 price target on shares of McDonald’s Corporation in a research report on Sunday, October 23rd. Vetr lowered shares of McDonald’s Corporation from a “buy” rating to a “hold” rating and set a $131.33 price target for the company. in a research report on Thursday. Finally, Robert W. Baird reiterated an “outperform” rating on shares of McDonald’s Corporation in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $127.99.

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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