Lau Associates LLC continued to hold its position in McDonald’s Corporation (NYSE:MCD) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,370 shares of the fast-food giant’s stock at the end of the second quarter. Lau Associates LLC’s holdings in McDonald’s Corporation were worth $516,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Holderness Investments Co. lifted 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 buying an additional 8,090 shares during the last quarter. Oakworth Capital Inc. lifted 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 buying an additional 355 shares during the last quarter. Sterling Investment Management Inc. lifted 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 buying an additional 536 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its holdings in McDonald’s Corporation by 18.9% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 92,407 shares of the fast-food giant’s stock worth $11,977,000 after buying an additional 14,662 shares during the last quarter. Finally, Legacy Capital Partners Inc. lifted its holdings in McDonald’s Corporation by 7.0% during the 1st quarter. Legacy Capital Partners Inc. now owns 26,154 shares of the fast-food giant’s stock worth $3,390,000 after buying an additional 1,706 shares during the last quarter. 67.96% of the stock is currently owned by institutional investors.

WARNING: This piece was first published by Daily Political and is the property of of Daily Political. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/09/17/lau-associates-llc-holds-position-in-mcdonalds-corporation-mcd.html.

In related news, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 10,793 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 7,318 shares of the company’s stock, 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. Company insiders own 0.24% of the company’s stock.

A number of research analysts have commented on the company. Robert W. Baird reaffirmed a “buy” rating and set a $170.00 target price on shares of McDonald’s Corporation in a report on Friday, September 1st. Royal Bank Of Canada reissued a “buy” rating and issued a $175.00 price target on shares of McDonald’s Corporation in a report on Friday, September 8th. Credit Suisse Group reissued an “outperform” rating and issued a $170.00 price target (up previously from $165.00) on shares of McDonald’s Corporation in a report on Wednesday, July 26th. Stephens reissued an “overweight” rating and issued a $155.00 price target on shares of McDonald’s Corporation in a report on Wednesday, July 26th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $162.00 price target (up previously from $150.00) on shares of McDonald’s Corporation in a report on Wednesday, July 26th. Twelve analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $162.26.

Shares of McDonald’s Corporation (MCD) traded down 0.05% during mid-day trading on Friday, hitting $156.92. The stock had a trading volume of 7,425,112 shares. McDonald’s Corporation has a 12-month low of $110.33 and a 12-month high of $161.72. 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 stock’s 50-day moving average price is $157.61 and its 200-day moving average price is $146.38.

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

The business also recently announced 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 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Wednesday, August 30th. McDonald’s Corporation’s payout ratio is presently 61.54%.

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.

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Corporation (NYSE:MCD).

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

Receive News & Ratings for McDonald's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's Corporation and related companies with MarketBeat.com's FREE daily email newsletter.