Capital Insight Partners LLC bought a new position in McDonald’s Corporation (NYSE:MCD) during the second quarter, Holdings Channel reports. The fund bought 1,454 shares of the fast-food giant’s stock, valued at approximately $223,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Diversified Trust Co boosted its position in 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 worth $257,000 after buying an additional 6 shares during the period. Catawba Capital Management VA increased its position in 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 in the last quarter. Van Cleef Asset Management Inc increased its position in 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 in the last quarter. Northern Oak Wealth Management Inc. increased its position in McDonald’s Corporation by 1.2% in the first quarter. Northern Oak Wealth Management Inc. now owns 1,914 shares of the fast-food giant’s stock valued at $248,000 after buying an additional 22 shares in the last quarter. Finally, First Command Bank increased its position in McDonald’s Corporation by 0.9% in the second quarter. First Command Bank now owns 2,446 shares of the fast-food giant’s stock valued at $375,000 after buying an additional 23 shares in the last quarter. 68.20% of the stock is owned by hedge funds and other institutional investors.

Shares of McDonald’s Corporation (NYSE:MCD) traded down 0.02% during trading on Friday, reaching $157.86. The company’s stock had a trading volume of 1,223,610 shares. The stock’s 50 day moving average is $155.28 and its 200 day moving average is $141.64. The firm has a market cap of $127.87 billion, a P/E ratio of 25.84 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.

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 company had revenue of $6.05 billion for 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 revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.45 earnings per share. On average, equities analysts forecast that McDonald’s Corporation will post $6.55 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be paid a $0.94 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.38%. McDonald’s Corporation’s dividend payout ratio is currently 61.54%.

COPYRIGHT VIOLATION WARNING: “Capital Insight Partners LLC Buys New Stake in McDonald’s Corporation (MCD)” was originally published by Daily Political and is the property of of Daily Political. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://www.dailypolitical.com/2017/08/18/capital-insight-partners-llc-buys-new-stake-in-mcdonalds-corporation-mcd.html.

MCD has been the subject of several recent research reports. Nomura set a $172.00 price objective on McDonald’s Corporation and gave the company a “buy” rating in a research note on Wednesday, July 19th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $175.00 price objective (up previously from $165.00) on shares of McDonald’s Corporation in a research note on Monday, June 26th. Royal Bank Of Canada set a $170.00 price objective on McDonald’s Corporation and gave the company a “buy” rating in a research note on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $174.00 price objective on McDonald’s Corporation and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Barclays PLC upped their price objective on McDonald’s Corporation from $139.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, April 26th. Twelve equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. McDonald’s Corporation currently has a consensus rating of “Buy” and a consensus target price of $162.16.

In other news, insider Joseph M. Erlinger sold 10,793 shares of the 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 sale, the insider now directly owns 7,318 shares of the company’s stock, valued at $1,130,191.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP David Ogden Fairhurst sold 4,782 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $157.05, for a total value of $751,013.10. Following the completion of the sale, the executive vice president now directly owns 6,954 shares in the company, valued at $1,092,125.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,938 shares of company stock worth $11,033,009. 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.

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Corporation (NYSE:MCD).

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

Receive News & Ratings for McDonald's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's Corporation and related companies with MarketBeat.com's FREE daily email newsletter.