Signaturefd LLC boosted its position in shares of McDonald’s Corporation (NYSE:MCD) by 4.7% during the first quarter, Holdings Channel reports. The firm owned 3,292 shares of the fast-food giant’s stock after buying an additional 149 shares during the period. Signaturefd LLC’s holdings in McDonald’s Corporation were worth $427,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MCD. Vigilant Capital Management LLC raised 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 worth $127,000 after buying an additional 84 shares during the period. Signature Estate & Investment Advisors LLC purchased a new position in McDonald’s Corporation during the first quarter worth $146,000. Hudock Capital Group LLC raised 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 worth $193,000 after buying an additional 83 shares during the period. Capital Investment Advisory Services LLC purchased a new position in McDonald’s Corporation during the first quarter worth $201,000. Finally, Merriman Wealth Management LLC purchased a new position in McDonald’s Corporation during the first quarter worth $206,000. Hedge funds and other institutional investors own 67.52% of the company’s stock.

McDonald’s Corporation (NYSE:MCD) traded up 0.43% during mid-day trading on Friday, reaching $157.30. The company’s stock had a trading volume of 2,925,044 shares. The firm has a market capitalization of $127.41 billion, a price-to-earnings ratio of 25.75 and a beta of 0.70. The firm has a 50-day moving average of $154.85 and a 200 day moving average of $140.61. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $159.98.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.08. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.96 billion. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.45 EPS. Equities analysts expect that McDonald’s Corporation will post $6.55 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio is currently 61.54%.

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A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada set a $175.00 price objective on shares of McDonald’s Corporation and gave the company a “buy” rating in a research report on Wednesday, July 26th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $170.00 price objective on shares of McDonald’s Corporation in a research report on Tuesday, July 25th. BidaskClub lowered shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. BTIG Research lifted their price objective on shares of McDonald’s Corporation from $137.00 to $156.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $155.00 price objective on shares of McDonald’s Corporation in a research report on Wednesday, April 26th. Thirteen research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $162.16.

In related news, insider Douglas M. Goare sold 17,286 shares of the stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total value of $2,739,831.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 10,793 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $154.44, for a total value of $1,666,870.92. Following the completion of the sale, the insider now directly owns 7,318 shares of the company’s stock, valued at $1,130,191.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,156 shares of company stock valued at $10,281,996. Company 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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