Pensionfund Sabic bought a new stake in shares of McDonald’s Corporation (NYSE:MCD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,000 shares of the fast-food giant’s stock, valued at approximately $3,370,000. McDonald’s Corporation accounts for about 1.1% of Pensionfund Sabic’s investment portfolio, making the stock its 14th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in the business. Berkshire Asset Management LLC PA boosted its holdings in shares of McDonald’s Corporation by 4.4% during the 1st quarter. Berkshire Asset Management LLC PA now owns 96,384 shares of the fast-food giant’s stock worth $12,492,000 after buying an additional 4,033 shares in the last quarter. Cullinan Associates Inc. boosted its holdings in shares of McDonald’s Corporation by 5.7% during the 1st quarter. Cullinan Associates Inc. now owns 54,863 shares of the fast-food giant’s stock worth $7,111,000 after buying an additional 2,963 shares in the last quarter. Pinnacle Bank bought a new position in shares of McDonald’s Corporation during the 1st quarter worth approximately $850,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of McDonald’s Corporation by 44.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,384 shares of the fast-food giant’s stock worth $1,600,000 after buying an additional 3,791 shares in the last quarter. Finally, Beese Fulmer Investment Management Inc. boosted its holdings in shares of McDonald’s Corporation by 1.7% during the 1st quarter. Beese Fulmer Investment Management Inc. now owns 41,515 shares of the fast-food giant’s stock worth $5,381,000 after buying an additional 697 shares in the last quarter. 67.96% of the stock is owned by institutional investors and hedge funds.

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In other news, CFO Kevin M. Ozan sold 25,322 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the transaction, the chief financial officer now directly owns 24,039 shares of the company’s stock, valued at $3,810,181.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Douglas M. Goare sold 17,286 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,938 shares of company stock worth $11,033,009. Corporate insiders own 0.24% of the company’s stock.

A number of research firms have issued reports on MCD. BidaskClub upgraded McDonald’s Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Barclays PLC restated an “overweight” rating and set a $173.00 price target (up from $164.00) on shares of McDonald’s Corporation in a report on Wednesday, July 26th. Vetr upgraded McDonald’s Corporation from a “sell” rating to a “hold” rating and set a $159.47 price target on the stock in a report on Thursday, August 3rd. Bank of America Corporation restated a “buy” rating and set a $175.00 price target on shares of McDonald’s Corporation in a report on Monday, August 14th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $175.00 price target on shares of McDonald’s Corporation in a report on Friday, September 8th. Twelve research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. McDonald’s Corporation currently has an average rating of “Buy” and a consensus target price of $162.26.

Shares of McDonald’s Corporation (NYSE:MCD) traded down 0.30% during midday trading on Thursday, reaching $156.53. The company had a trading volume of 1,248,310 shares. The company’s 50-day moving average is $157.66 and its 200-day moving average is $146.01. The stock has a market capitalization of $126.79 billion, a PE ratio of 25.62 and a beta of 0.70. 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 announced its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.08. The firm had revenue of $6.05 billion for 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 company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.45 earnings per share. On average, equities research analysts forecast that McDonald’s Corporation will post $6.55 EPS 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 issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Wednesday, August 30th. McDonald’s Corporation’s payout ratio is currently 61.54%.

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.

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

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