ING Groep NV lessened its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 23.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 296,599 shares of the fast-food giant’s stock after selling 90,679 shares during the quarter. McDonald’s Corporation accounts for approximately 0.9% of ING Groep NV’s holdings, making the stock its 21st largest holding. ING Groep NV’s holdings in McDonald’s Corporation were worth $45,427,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MCD. Oakworth Capital Inc. increased its holdings in McDonald’s Corporation by 7.7% during the 1st quarter. Oakworth Capital Inc. now owns 4,977 shares of the fast-food giant’s stock worth $645,000 after purchasing an additional 355 shares in the last quarter. Holderness Investments Co. increased its holdings in McDonald’s Corporation by 323.7% during the 1st quarter. Holderness Investments Co. now owns 10,589 shares of the fast-food giant’s stock worth $1,372,000 after purchasing an additional 8,090 shares in the last quarter. Bridges Investment Counsel Inc. increased its holdings in McDonald’s Corporation by 69.6% during the 2nd quarter. Bridges Investment Counsel Inc. now owns 41,842 shares of the fast-food giant’s stock worth $6,409,000 after purchasing an additional 17,173 shares in the last quarter. Cypress Asset Management Inc. TX increased its holdings in McDonald’s Corporation by 136.4% during the 2nd quarter. Cypress Asset Management Inc. TX now owns 28,274 shares of the fast-food giant’s stock worth $4,330,000 after purchasing an additional 16,315 shares in the last quarter. Finally, Sterling Investment Management Inc. increased its holdings in McDonald’s Corporation by 4.9% during the 1st quarter. Sterling Investment Management Inc. now owns 11,486 shares of the fast-food giant’s stock worth $1,489,000 after purchasing an additional 536 shares in the last quarter. 67.96% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have issued reports on MCD. Royal Bank Of Canada set a $175.00 target price on McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, July 26th. Sanford C. Bernstein reiterated an “outperform” rating and set a $170.00 target price on shares of McDonald’s Corporation in a report on Tuesday, July 25th. BidaskClub cut McDonald’s Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Bank of America Corporation reiterated a “buy” rating and set a $175.00 target price on shares of McDonald’s Corporation in a report on Monday, August 14th. Finally, Morgan Stanley set a $150.00 target price on McDonald’s Corporation and gave the stock a “neutral” rating in a report on Wednesday, July 19th. Twelve investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $162.26.

In other McDonald’s Corporation news, insider Douglas M. Goare sold 17,286 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total value of $2,739,831.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 10,793 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $154.44, for a total transaction of $1,666,870.92. Following the completion of the sale, the insider now owns 7,318 shares in the company, valued at $1,130,191.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,938 shares of company stock valued at $11,033,009. 0.24% of the stock is owned by insiders.

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McDonald’s Corporation (NYSE:MCD) traded up 0.6489% during midday trading on Wednesday, hitting $157.3444. 2,980,752 shares of the stock were exchanged. The firm has a market capitalization of $127.45 billion, a P/E ratio of 25.7562 and a beta of 0.70. The firm’s 50-day moving average price is $157.66 and its 200 day moving average price is $146.02. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $161.72.

McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.08. The company 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 264.89%. McDonald’s Corporation’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period last year, the firm earned $1.45 EPS. Analysts expect that McDonald’s Corporation will post $6.55 earnings per share for the current fiscal 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 issued a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio (DPR) is presently 61.54%.

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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