Whittier Trust Co. of Nevada Inc. decreased its stake in McDonald’s Corporation (NYSE:MCD) by 2.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,504 shares of the fast-food giant’s stock after selling 1,981 shares during the period. McDonald’s Corporation accounts for approximately 1.0% of Whittier Trust Co. of Nevada Inc.’s investment portfolio, making the stock its 22nd largest position. Whittier Trust Co. of Nevada Inc.’s holdings in McDonald’s Corporation were worth $10,338,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MCD. Roanoke Asset Management Corp NY boosted its position in shares of McDonald’s Corporation by 21.1% in the second quarter. Roanoke Asset Management Corp NY now owns 5,280 shares of the fast-food giant’s stock valued at $809,000 after buying an additional 920 shares in the last quarter. Reilly Financial Advisors LLC boosted its position in shares of McDonald’s Corporation by 30.5% in the second quarter. Reilly Financial Advisors LLC now owns 2,995 shares of the fast-food giant’s stock valued at $459,000 after buying an additional 700 shares in the last quarter. Prospera Financial Services Inc boosted its position in shares of McDonald’s Corporation by 46.7% in the second quarter. Prospera Financial Services Inc now owns 7,466 shares of the fast-food giant’s stock valued at $1,143,000 after buying an additional 2,377 shares in the last quarter. Highland Capital Management LLC boosted its position in shares of McDonald’s Corporation by 280.5% in the second quarter. Highland Capital Management LLC now owns 9,017 shares of the fast-food giant’s stock valued at $1,381,000 after buying an additional 6,647 shares in the last quarter. Finally, Sit Investment Associates Inc. boosted its position in shares of McDonald’s Corporation by 78.2% in the second quarter. Sit Investment Associates Inc. now owns 5,300 shares of the fast-food giant’s stock valued at $812,000 after buying an additional 2,325 shares in the last quarter. 67.52% of the stock is owned by institutional investors.

McDonald’s Corporation (MCD) traded up 0.43% during midday trading on Friday, hitting $157.30. The stock had a trading volume of 2,925,044 shares. The firm’s 50-day moving average price is $154.85 and its 200 day moving average price is $140.61. McDonald’s Corporation has a 12 month low of $110.33 and a 12 month high of $159.98. The company has a market cap of $127.41 billion, a P/E ratio of 25.75 and a beta of 0.70.

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, beating the Zacks’ consensus estimate of $1.62 by $0.08. The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.96 billion. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.45 earnings per share. On average, analysts expect that McDonald’s Corporation will post $6.55 earnings per share for the current fiscal year.

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

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Several equities research analysts have recently commented on MCD shares. Vetr raised McDonald’s Corporation from a “sell” rating to a “hold” rating and set a $159.47 price objective for the company in a report on Thursday, August 3rd. BidaskClub downgraded McDonald’s Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research downgraded McDonald’s Corporation from a “buy” rating to a “hold” rating in a report 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 report 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 report on Friday, July 28th. Thirteen analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $162.16.

In other McDonald’s Corporation news, CFO Kevin M. Ozan sold 25,322 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 value of $4,013,537.00. Following the completion of the sale, the chief financial officer now owns 24,039 shares of the company’s stock, valued at approximately $3,810,181.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 10,793 shares of McDonald’s Corporation stock in a transaction on 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 approximately $1,130,191.92. The disclosure for this sale can be found here. Insiders have sold 65,156 shares of company stock valued at $10,281,996 in the last quarter. 0.24% of the stock is owned by company 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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