Stillwater Investment Management LLC reduced its position in McDonald’s Corporation (NYSE:MCD) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,001 shares of the fast-food giant’s stock after selling 119 shares during the period. McDonald’s Corporation comprises about 1.4% of Stillwater Investment Management LLC’s holdings, making the stock its 14th largest position. Stillwater Investment Management LLC’s holdings in McDonald’s Corporation were worth $2,910,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MCD. Proficio Capital Partners LLC increased its position in McDonald’s Corporation by 87.8% in the 1st quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after purchasing an additional 346 shares during the last quarter. Vigilant Capital Management LLC increased its position in McDonald’s Corporation by 9.4% in the 1st quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock worth $127,000 after purchasing an additional 84 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in McDonald’s Corporation in the 1st quarter worth about $146,000. Hudock Capital Group LLC increased its position in McDonald’s Corporation by 5.9% in the 1st quarter. Hudock Capital Group LLC now owns 1,493 shares of the fast-food giant’s stock worth $193,000 after purchasing an additional 83 shares during the last quarter. Finally, Capital Investment Advisory Services LLC acquired a new position in McDonald’s Corporation in the 1st quarter worth about $201,000. 67.96% of the stock is currently owned by institutional investors.

In related news, EVP David Ogden Fairhurst sold 4,782 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Douglas M. Goare sold 17,286 shares of the business’s 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 69,938 shares of company stock valued at $11,033,009. 0.24% of the stock is currently owned by corporate insiders.

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McDonald’s Corporation (NYSE MCD) traded up 0.13% during trading on Friday, hitting $157.20. The company had a trading volume of 2,556,064 shares. The company has a market capitalization of $127.33 billion, a price-to-earnings ratio of 25.73 and a beta of 0.70. McDonald’s Corporation has a one year low of $110.33 and a one year high of $161.72. The stock has a 50-day moving average of $157.61 and a 200 day moving average of $146.17.

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 (EPS) for the quarter, beating the 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 revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 earnings per share. Equities analysts forecast that McDonald’s Corporation will post $6.55 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio (DPR) is currently 61.54%.

MCD has been the topic of a number of analyst reports. Nomura set a $172.00 price objective on McDonald’s Corporation and gave the company a “buy” rating in a report on Wednesday, July 19th. Wells Fargo & Company reissued an “outperform” rating and set a $175.00 price objective (up previously from $165.00) on shares of McDonald’s Corporation in a report 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 report 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 report on Thursday, July 27th. Finally, Mizuho initiated coverage on McDonald’s Corporation in a report on Thursday, June 8th. They set a “buy” rating and a $168.00 price objective on the stock. Twelve investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. McDonald’s Corporation currently has an average rating of “Buy” and an average target price of $162.26.

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.

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

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