Sii Investments Inc. WI raised its position in McDonald’s Corporation (NYSE:MCD) by 20.4% during the first quarter, Holdings Channel reports. The fund owned 24,880 shares of the fast-food giant’s stock after buying an additional 4,213 shares during the period. Sii Investments Inc. WI’s holdings in McDonald’s Corporation were worth $3,212,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Israel Discount Bank of New York GFN acquired a new stake in shares of McDonald’s Corporation during the fourth quarter worth about $1,163,000. Dodge & Cox acquired a new stake in shares of McDonald’s Corporation during the fourth quarter worth about $3,001,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of McDonald’s Corporation during the fourth quarter worth about $648,000. Wealthfront Inc. raised its stake in shares of McDonald’s Corporation by 4.9% in the fourth quarter. Wealthfront Inc. now owns 27,042 shares of the fast-food giant’s stock worth $3,292,000 after buying an additional 1,275 shares during the last quarter. Finally, RMB Capital Management LLC acquired a new stake in shares of McDonald’s Corporation during the fourth quarter worth about $3,741,000. 67.52% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Corporation (NYSE MCD) traded up 0.43% on Friday, reaching $157.30. The company had a trading volume of 2,925,044 shares. The stock has a market cap of $127.41 billion, a price-to-earnings ratio of 25.75 and a beta of 0.70. McDonald’s Corporation has a one year low of $110.33 and a one year high of $159.98. The company has a 50-day moving average of $154.85 and a 200 day moving average of $140.61.

McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.08. The business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.96 billion. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. McDonald’s Corporation’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.45 EPS. On average, equities research analysts predict 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. Investors of record on Friday, September 1st will be given a dividend of $0.94 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.76 dividend on an annualized basis and a yield of 2.39%. McDonald’s Corporation’s dividend payout ratio (DPR) is presently 61.54%.

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A number of equities analysts have recently commented on the company. Wells Fargo & Company upgraded McDonald’s Corporation from a “market perform” rating to an “outperform” rating and cut their price objective for the stock from $131.70 to $130.76 in a report on Monday, April 17th. They noted that the move was a valuation call. Sanford C. Bernstein upgraded McDonald’s Corporation from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $129.00 to $160.00 in a report on Tuesday, April 18th. Vetr upgraded McDonald’s Corporation from a “sell” rating to a “buy” rating and set a $145.38 price objective on the stock in a report on Tuesday, April 18th. 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. Finally, Telsey Advisory Group raised their price objective on McDonald’s Corporation from $136.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, April 21st. Thirteen investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $162.16.

In related news, CFO Kevin M. Ozan sold 25,322 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the sale, the chief financial officer now directly owns 24,039 shares in the company, valued at approximately $3,810,181.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Douglas M. Goare sold 17,286 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was 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. Over the last 90 days, insiders have sold 65,156 shares of company stock worth $10,281,996. 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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