Columbia Asset Management lowered its stake in shares of McDonald’s Corporation (NYSE:MCD) by 0.8% during the first quarter, Holdings Channel reports. The institutional investor owned 38,363 shares of the fast-food giant’s stock after selling 309 shares during the period. McDonald’s Corporation accounts for approximately 1.7% of Columbia Asset Management’s portfolio, making the stock its 13th largest position. Columbia Asset Management’s holdings in McDonald’s Corporation were worth $4,972,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Vigilant Capital Management LLC raised its stake in shares of 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 valued at $127,000 after buying an additional 84 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. purchased a new position in McDonald’s Corporation during the fourth quarter valued at about $131,000. Signature Estate & Investment Advisors LLC purchased a new position in McDonald’s Corporation during the first quarter valued at about $146,000. Hudock Capital Group LLC increased its position 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 valued at $193,000 after buying an additional 83 shares during the last quarter. Finally, Capital Investment Advisory Services LLC purchased a new position in McDonald’s Corporation during the first quarter valued at about $201,000. Hedge funds and other institutional investors own 67.52% of the company’s stock.

Shares of McDonald’s Corporation (NYSE MCD) traded up 0.03% on Wednesday, hitting $154.96. 608,604 shares of the stock were exchanged. The firm’s 50 day moving average price is $154.53 and its 200 day moving average price is $139.41. McDonald’s Corporation has a one year low of $110.33 and a one year high of $159.98. The firm has a market cap of $126.30 billion, a price-to-earnings ratio of 25.37 and a beta of 0.70.

McDonald’s Corporation (NYSE:MCD) last released its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.08. The firm had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 266.50%. McDonald’s Corporation’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the company earned $1.45 EPS. Equities analysts anticipate that McDonald’s Corporation will post $6.55 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.94 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.76 annualized dividend and a yield of 2.43%. McDonald’s Corporation’s payout ratio is 61.54%.

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

In other McDonald’s Corporation news, EVP Jerome N. Krulewitch sold 11,755 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.38, for a total transaction of $1,861,756.90. Following the transaction, the executive vice president now owns 11,755 shares of the company’s stock, valued at approximately $1,861,756.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Douglas M. Goare sold 17,286 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $2,739,831.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,363 shares of company stock worth $8,615,125. 0.24% of the stock is owned by corporate 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.

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

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