Jackson Grant Investment Advisers Inc. decreased its stake in shares of McDonald’s Corporation (NYSE:MCD) by 3.3% during the first quarter, Holdings Channel reports. The firm owned 7,667 shares of the fast-food giant’s stock after selling 264 shares during the period. McDonald’s Corporation comprises 0.8% of Jackson Grant Investment Advisers Inc.’s investment portfolio, making the stock its 23rd largest position. Jackson Grant Investment Advisers Inc.’s holdings in McDonald’s Corporation were worth $994,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Cpcm LLC bought a new position in shares of McDonald’s Corporation during the fourth quarter worth about $1,470,000. Flinton Capital Management LLC bought a new position in shares of McDonald’s Corporation during the fourth quarter worth about $5,405,000. Marietta Wealth Management LLC bought a new position in shares of McDonald’s Corporation during the fourth quarter worth about $914,000. Nations Financial Group Inc. IA ADV boosted its position in shares of McDonald’s Corporation by 6.0% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 2,350 shares of the fast-food giant’s stock worth $286,000 after buying an additional 133 shares during the last quarter. Finally, MML Investors Services LLC bought a new position in shares of McDonald’s Corporation during the fourth quarter worth about $302,000. Institutional investors own 67.60% of the company’s stock.

McDonald’s Corporation (NYSE MCD) opened at 155.26 on Tuesday. McDonald’s Corporation has a 52 week low of $110.33 and a 52 week high of $156.75. The company’s 50-day moving average price is $150.67 and its 200 day moving average price is $133.70. The company has a market capitalization of $126.55 billion, a price-to-earnings ratio of 27.41 and a beta of 0.70.

McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings results on Tuesday, April 25th. The fast-food giant reported $1.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.14. The firm had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.53 billion. McDonald’s Corporation had a net margin of 19.58% and a negative return on equity of 387.22%. The business’s revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.23 EPS. On average, analysts predict that McDonald’s Corporation will post $6.40 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 19th. Shareholders of record on Monday, June 5th were issued a $0.94 dividend. The ex-dividend date was Thursday, June 1st. This represents a $3.76 annualized dividend and a yield of 2.42%. McDonald’s Corporation’s dividend payout ratio is currently 66.43%.

WARNING: “Jackson Grant Investment Advisers Inc. Has $994,000 Stake in McDonald’s Corporation (NYSE:MCD)” was published by Daily Political and is the property of of Daily Political. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international copyright and trademark law. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/07/18/jackson-grant-investment-advisers-inc-has-994000-stake-in-mcdonalds-corporation-nysemcd.html.

A number of brokerages recently issued reports on MCD. Piper Jaffray Companies restated a “buy” rating and issued a $153.00 target price on shares of McDonald’s Corporation in a report on Friday. Robert W. Baird restated an “outperform” rating and issued a $164.00 target price on shares of McDonald’s Corporation in a report on Monday, July 10th. Deutsche Bank AG lifted their target price on McDonald’s Corporation from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, July 10th. Sanford C. Bernstein restated an “outperform” rating on shares of McDonald’s Corporation in a report on Monday, July 3rd. Finally, BTIG Research lifted their target price on McDonald’s Corporation from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, June 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-three have given a buy rating to the stock. McDonald’s Corporation presently has a consensus rating of “Buy” and an average target price of $152.52.

In other McDonald’s Corporation news, VP James R. Sappington sold 13,912 shares of the stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $141.39, for a total value of $1,967,017.68. Following the transaction, the vice president now directly owns 14,608 shares of the company’s stock, valued at approximately $2,065,425.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.24% of the stock is owned by corporate insiders.

About McDonald’s Corporation

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

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 Corporation (NYSE:MCD).

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

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