Bath Savings Trust Co grew its stake in McDonald’s Corporation (NYSE:MCD) by 7.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,966 shares of the fast-food giant’s stock after purchasing an additional 2,873 shares during the quarter. McDonald’s Corporation makes up approximately 1.9% of Bath Savings Trust Co’s holdings, making the stock its 19th biggest holding. Bath Savings Trust Co’s holdings in McDonald’s Corporation were worth $6,734,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Legal & General Group Plc raised its stake in shares of McDonald’s Corporation by 4.6% in the 1st quarter. Legal & General Group Plc now owns 4,241,304 shares of the fast-food giant’s stock valued at $549,720,000 after purchasing an additional 187,324 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of McDonald’s Corporation by 4.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 3,882,107 shares of the fast-food giant’s stock valued at $503,160,000 after purchasing an additional 174,209 shares in the last quarter. Swiss National Bank raised its stake in shares of McDonald’s Corporation by 18.0% in the 1st quarter. Swiss National Bank now owns 3,653,548 shares of the fast-food giant’s stock valued at $473,536,000 after purchasing an additional 558,300 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of McDonald’s Corporation by 0.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,881,094 shares of the fast-food giant’s stock valued at $243,570,000 after buying an additional 7,974 shares during the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of McDonald’s Corporation by 1.4% during the 1st quarter. Clearbridge Investments LLC now owns 1,799,779 shares of the fast-food giant’s stock valued at $233,269,000 after buying an additional 25,615 shares during the last quarter. Institutional investors and hedge funds own 67.96% of the company’s stock.

Shares of McDonald’s Corporation (NYSE:MCD) traded down 0.29% during midday trading on Thursday, hitting $156.54. 1,248,875 shares of the company traded hands. The stock has a market capitalization of $126.80 billion, a P/E ratio of 25.62 and a beta of 0.70. McDonald’s Corporation has a 12-month low of $110.33 and a 12-month high of $161.72. The stock’s 50-day moving average is $157.66 and its 200 day moving average is $146.01.

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

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

A number of brokerages recently weighed in on MCD. Mizuho reaffirmed a “buy” rating and set a $173.00 price objective (up previously from $170.00) on shares of McDonald’s Corporation in a research report on Wednesday. Royal Bank Of Canada reaffirmed a “buy” rating and set a $175.00 price objective on shares of McDonald’s Corporation in a research report on Friday, September 8th. Robert W. Baird reaffirmed a “buy” rating and set a $170.00 price objective on shares of McDonald’s Corporation in a research report on Friday, September 1st. BidaskClub raised shares of McDonald’s Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $175.00 price objective on shares of McDonald’s Corporation in a research report on Monday, August 14th. Twelve analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. McDonald’s Corporation presently has a consensus rating of “Buy” and a consensus target price of $162.26.

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In other news, EVP David Ogden Fairhurst sold 4,782 shares of McDonald’s Corporation stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $157.05, for a total transaction of $751,013.10. Following the completion of the sale, the executive vice president now owns 6,954 shares in the company, valued at approximately $1,092,125.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jerome N. Krulewitch sold 11,755 shares of McDonald’s Corporation stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $158.38, for a total transaction of $1,861,756.90. Following the sale, the executive vice president now owns 11,755 shares of the company’s stock, valued at approximately $1,861,756.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 69,938 shares of company stock valued at $11,033,009. 0.24% of the stock is owned by corporate insiders.

McDonald’s Corporation 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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