Prospera Financial Services Inc increased its stake in McDonald’s Corporation (NYSE:MCD) by 46.7% during the second quarter, Holdings Channel reports. The fund owned 7,466 shares of the fast-food giant’s stock after buying an additional 2,377 shares during the period. Prospera Financial Services Inc’s holdings in McDonald’s Corporation were worth $1,143,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Orrstown Financial Services Inc. increased its position in shares of McDonald’s Corporation by 17.2% in the second quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock worth $108,000 after buying an additional 104 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of McDonald’s Corporation by 87.8% in the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after buying an additional 346 shares in the last quarter. Vigilant Capital Management LLC increased its position 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 worth $127,000 after buying an additional 84 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of McDonald’s Corporation during the fourth quarter worth about $131,000. Finally, Signature Estate & Investment Advisors LLC acquired a new position in shares of McDonald’s Corporation during the first quarter worth about $146,000. 67.52% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Corporation (MCD) traded up 0.97% during trading on Thursday, reaching $156.42. The company had a trading volume of 1,296,593 shares. The firm’s 50 day moving average price is $154.69 and its 200 day moving average price is $140.24. The firm has a market capitalization of $127.49 billion, a PE ratio of 25.60 and a beta of 0.70. McDonald’s Corporation has a 12-month low of $110.33 and a 12-month high of $159.98.

McDonald’s Corporation (NYSE:MCD) last issued its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.08. The business 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%. The company’s revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.45 EPS. Equities research analysts forecast that McDonald’s Corporation will post $6.55 EPS for the current year.

The firm also recently declared 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. This represents a $3.76 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio is presently 61.54%.

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A number of brokerages have recently issued reports on MCD. Vetr raised McDonald’s Corporation from a “sell” rating to a “hold” rating and set a $159.47 price objective on the stock in a research note on Thursday, August 3rd. BidaskClub downgraded McDonald’s Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research downgraded McDonald’s Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Piper Jaffray Companies reissued a “buy” rating and issued a $170.00 price objective on shares of McDonald’s Corporation in a research note on Friday, July 28th. Finally, Cowen and Company reissued a “buy” rating and issued a $180.00 price objective on shares of McDonald’s Corporation in a research note on Friday, July 28th. Thirteen research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. McDonald’s Corporation presently has a consensus rating of “Buy” and a consensus price target of $162.16.

In other news, EVP Jerome N. Krulewitch sold 11,755 shares of McDonald’s Corporation stock in a transaction on 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 in the company, valued at approximately $1,861,756.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Douglas M. Goare sold 17,286 shares of McDonald’s Corporation stock in a transaction on Wednesday, July 26th. The stock was 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. Insiders have sold a total of 54,363 shares of company stock worth $8,615,125 in the last quarter. Corporate 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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