First American Trust FSB decreased its position in McDonald’s Corporation (NYSE:MCD) by 0.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,363 shares of the fast-food giant’s stock after selling 43 shares during the period. McDonald’s Corporation accounts for about 1.8% of First American Trust FSB’s investment portfolio, making the stock its 14th biggest position. First American Trust FSB’s holdings in McDonald’s Corporation were worth $6,488,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MCD. Reilly Financial Advisors LLC boosted its holdings in shares of McDonald’s Corporation by 20.0% in the first quarter. Reilly Financial Advisors LLC now owns 2,295 shares of the fast-food giant’s stock valued at $297,000 after purchasing an additional 382 shares during the period. Telemus Capital LLC boosted its holdings in shares of McDonald’s Corporation by 3.9% in the first quarter. Telemus Capital LLC now owns 5,133 shares of the fast-food giant’s stock valued at $665,000 after purchasing an additional 191 shares during the period. Somerset Trust Co boosted its holdings in shares of McDonald’s Corporation by 1.9% in the first quarter. Somerset Trust Co now owns 8,900 shares of the fast-food giant’s stock valued at $1,154,000 after purchasing an additional 170 shares during the period. Capital Investment Advisors LLC boosted its holdings in shares of McDonald’s Corporation by 1.4% in the first quarter. Capital Investment Advisors LLC now owns 27,045 shares of the fast-food giant’s stock valued at $3,505,000 after purchasing an additional 361 shares during the period. Finally, DnB Asset Management AS boosted its holdings in shares of McDonald’s Corporation by 7.9% in the first quarter. DnB Asset Management AS now owns 96,606 shares of the fast-food giant’s stock valued at $12,521,000 after purchasing an additional 7,100 shares during the period. Hedge funds and other institutional investors own 67.96% of the company’s stock.

A number of analysts recently issued reports on MCD shares. Nomura set a $172.00 price target on McDonald’s Corporation and gave the company a “buy” rating in a report on Wednesday, July 19th. Wells Fargo & Company restated an “outperform” rating and set a $175.00 target price (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 target price on McDonald’s Corporation and gave the stock a “buy” rating in a report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $174.00 target price on McDonald’s Corporation and gave the stock 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 target price for the company. Twelve investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $162.26.

In other news, CFO Kevin M. Ozan sold 25,322 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were 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 in the company, valued at $3,810,181.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Douglas M. Goare sold 17,286 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total transaction of $2,739,831.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,938 shares of company stock worth $11,033,009. Company insiders own 0.24% of the company’s stock.

Shares of McDonald’s Corporation (NYSE MCD) traded down 0.05% during midday trading on Friday, reaching $156.92. The company’s stock had a trading volume of 7,425,112 shares. The stock has a market capitalization of $127.10 billion, a price-to-earnings ratio of 25.69 and a beta of 0.70. The company has a 50 day moving average of $157.61 and a 200-day moving average of $146.38. McDonald’s Corporation has a 52 week low of $110.33 and a 52 week high of $161.72.

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, topping analysts’ consensus estimates 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 business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.96 billion. During the same period in the previous year, the business posted $1.45 earnings per share. The business’s revenue was down 3.4% compared to the same quarter last year. Equities research analysts predict that McDonald’s Corporation will post $6.55 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.94 per share. 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 2.40%. McDonald’s Corporation’s dividend payout ratio (DPR) is 61.54%.

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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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