Private Advisor Group LLC raised its position in McDonald’s Corporation (NYSE:MCD) by 48.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,177 shares of the fast-food giant’s stock after buying an additional 32,844 shares during the period. Private Advisor Group LLC’s holdings in McDonald’s Corporation were worth $9,958,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of MCD. Vigilant Capital Management LLC raised its stake in McDonald’s Corporation by 9.4% in the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock worth $127,000 after buying an additional 84 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new stake in McDonald’s Corporation during the fourth quarter worth $131,000. Signature Estate & Investment Advisors LLC acquired a new stake in McDonald’s Corporation during the first quarter worth $146,000. Hudock Capital Group LLC raised its stake in McDonald’s Corporation by 5.9% in the first quarter. Hudock Capital Group LLC now owns 1,493 shares of the fast-food giant’s stock worth $193,000 after buying an additional 83 shares during the last quarter. Finally, Capital Investment Advisory Services LLC acquired a new stake in McDonald’s Corporation during the first quarter worth $201,000. 67.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of McDonald’s Corporation (NYSE:MCD) opened at 153.82 on Monday. McDonald’s Corporation has a one year low of $110.33 and a one year high of $159.98. The stock has a market cap of $125.37 billion, a P/E ratio of 25.18 and a beta of 0.70. The stock has a 50 day moving average of $154.15 and a 200 day moving average of $139.07.

McDonald’s Corporation (NYSE:MCD) last posted its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.08. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.96 billion. McDonald’s Corporation had a negative return on equity of 266.50% and a net margin of 21.00%. McDonald’s Corporation’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.45 EPS. On average, analysts forecast that McDonald’s Corporation will post $6.55 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio (DPR) is 61.54%.

TRADEMARK VIOLATION WARNING: This news story was reported by Daily Political and is owned by of Daily Political. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.dailypolitical.com/2017/08/07/private-advisor-group-llc-raises-stake-in-mcdonalds-corporation-nysemcd.html.

MCD has been the topic of a number of research reports. Nomura boosted their target price on shares of McDonald’s Corporation from $136.00 to $146.00 and gave the stock a “buy” rating in a report on Thursday, April 20th. Vetr raised shares of McDonald’s Corporation from a “sell” rating to a “buy” rating and set a $145.38 price objective on the stock in a research note on Tuesday, April 18th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $155.00 price objective on shares of McDonald’s Corporation in a research note on Wednesday, April 26th. Instinet reaffirmed a “buy” rating and issued a $146.00 price objective (up from $136.00) on shares of McDonald’s Corporation in a research note on Saturday, April 22nd. Finally, Cleveland Research raised shares of McDonald’s Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 11th. Thirteen investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $162.16.

In other McDonald’s Corporation news, insider Douglas M. Goare sold 17,286 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total value of $2,739,831.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jerome N. Krulewitch sold 11,755 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.38, for a total value of $1,861,756.90. Following the completion of the transaction, the executive vice president now directly owns 11,755 shares of the company’s stock, valued at approximately $1,861,756.90. The disclosure for this sale can be found here. In the last three months, insiders sold 54,363 shares of company stock valued at $8,615,125. 0.24% 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 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.