Weiss Multi Strategy Advisers LLC acquired a new stake in shares of McDonald’s Corporation (NYSE:MCD) during the first quarter, Holdings Channel reports. The firm acquired 212,911 shares of the fast-food giant’s stock, valued at approximately $27,595,000. McDonald’s Corporation comprises 1.1% of Weiss Multi Strategy Advisers LLC’s investment portfolio, making the stock its 11th largest position.

A number of other institutional investors have also modified their holdings of the stock. Diversified Trust Co raised its position in shares of McDonald’s Corporation by 0.3% in the first quarter. Diversified Trust Co now owns 1,986 shares of the fast-food giant’s stock valued at $257,000 after buying an additional 6 shares during the last quarter. Catawba Capital Management VA raised its position in shares of McDonald’s Corporation by 0.3% in the first quarter. Catawba Capital Management VA now owns 2,950 shares of the fast-food giant’s stock valued at $382,000 after buying an additional 9 shares during the last quarter. Van Cleef Asset Management Inc raised its position in shares of McDonald’s Corporation by 0.4% in the first quarter. Van Cleef Asset Management Inc now owns 2,550 shares of the fast-food giant’s stock valued at $331,000 after buying an additional 11 shares during the last quarter. Alpha Windward LLC raised its position in shares of McDonald’s Corporation by 0.7% in the first quarter. Alpha Windward LLC now owns 3,253 shares of the fast-food giant’s stock valued at $422,000 after buying an additional 24 shares during the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV raised its position in shares of McDonald’s Corporation by 0.5% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 5,014 shares of the fast-food giant’s stock valued at $650,000 after buying an additional 25 shares during the last quarter. 67.52% of the stock is currently owned by institutional investors.

McDonald’s Corporation (MCD) traded up 0.707% during trading on Thursday, reaching $156.015. 616,369 shares of the company were exchanged. The firm has a market capitalization of $127.16 billion, a PE ratio of 25.539 and a beta of 0.70. The stock has a 50 day moving average price of $154.69 and a 200 day moving average price of $140.24. 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 posted its quarterly earnings data 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. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.45 earnings per share. On average, analysts expect that McDonald’s Corporation will post $6.55 EPS for the current fiscal year.

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

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Several brokerages recently issued reports on MCD. Sanford C. Bernstein raised shares of McDonald’s Corporation from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $129.00 to $160.00 in a report on Tuesday, April 18th. UBS AG set a $143.00 price objective on shares of McDonald’s Corporation and gave the company a “neutral” rating in a report on Wednesday, April 26th. BMO Capital Markets reissued a “buy” rating and set a $159.00 price objective on shares of McDonald’s Corporation in a report on Thursday, April 27th. Argus raised shares of McDonald’s Corporation from a “hold” rating to a “buy” rating and lifted their price objective for the company from $140.84 to $158.00 in a report on Thursday, April 27th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $140.00 price objective on shares of McDonald’s Corporation in a report on Wednesday, July 19th. Thirteen research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The stock 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 the company’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 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 through the SEC website. Also, insider Douglas M. Goare sold 17,286 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total value of $2,739,831.00. The disclosure for this sale can be found here. Insiders sold a total of 54,363 shares of company stock valued at $8,615,125 over the last three months. 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.

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

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