Eliot Finkel Investment Counsel LLC lowered its stake in McDonald’s Corporation (NYSE:MCD) by 0.7% during the first quarter, Holdings Channel reports. The fund owned 34,485 shares of the fast-food giant’s stock after selling 250 shares during the period. McDonald’s Corporation accounts for 3.4% of Eliot Finkel Investment Counsel LLC’s investment portfolio, making the stock its 16th largest position. Eliot Finkel Investment Counsel LLC’s holdings in McDonald’s Corporation were worth $4,470,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCD. Vigilant Capital Management LLC increased its position 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 valued at $127,000 after buying an additional 84 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. purchased a new position in McDonald’s Corporation during the fourth quarter valued at approximately $131,000. Signature Estate & Investment Advisors LLC purchased a new position in McDonald’s Corporation during the first quarter valued at approximately $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 approximately $201,000. Institutional investors own 67.52% of the company’s stock.

McDonald’s Corporation (NYSE MCD) traded up 0.02% during trading on Wednesday, hitting $154.95. The company’s stock had a trading volume of 608,896 shares. 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 PE ratio of 25.36 and a beta of 0.70. The company has a 50-day moving average of $154.53 and a 200 day moving average of $139.41.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders 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 dividend yield of 2.43%. McDonald’s Corporation’s dividend payout ratio (DPR) is 61.54%.

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Several research analysts have commented on MCD shares. Nomura raised their price objective on 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 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 target price on shares of McDonald’s Corporation in a research report on Wednesday, April 26th. Instinet reaffirmed a “buy” rating and set a $146.00 target price (up previously 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 research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $162.16.

In other news, insider Douglas M. Goare sold 17,286 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jerome N. Krulewitch sold 11,755 shares of the stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.38, for a total transaction of $1,861,756.90. Following the sale, the executive vice president now 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. Insiders have sold 54,363 shares of company stock valued at $8,615,125 in the last quarter. Insiders own 0.24% of the company’s stock.

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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