Meridian Wealth Management LLC acquired a new stake in McDonald’s Corporation (NYSE:MCD) during the second quarter, according to its most recent filing with the SEC. The firm acquired 1,388 shares of the fast-food giant’s stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Orrstown Financial Services Inc. lifted its stake in shares of McDonald’s Corporation by 17.2% in the 2nd quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock valued at $108,000 after purchasing an additional 104 shares during the period. Proficio Capital Partners LLC lifted its stake in shares of 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 valued at $111,000 after purchasing an additional 346 shares during the period. Vigilant Capital Management LLC lifted its stake in shares of 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 valued at $127,000 after purchasing an additional 84 shares during the period. Acrospire Investment Management LLC acquired a new position in shares of McDonald’s Corporation in the 2nd quarter valued at $153,000. Finally, Signature Estate & Investment Advisors LLC acquired a new position in shares of McDonald’s Corporation in the 1st quarter valued at $146,000. Hedge funds and other institutional investors own 67.92% of the company’s stock.

McDonald’s Corporation (NYSE MCD) traded up 0.3730% during trading on Tuesday, reaching $157.2644. The company had a trading volume of 2,046,156 shares. McDonald’s Corporation has a one year low of $110.33 and a one year high of $161.72. The company has a market capitalization of $127.38 billion, a price-to-earnings ratio of 25.7431 and a beta of 0.70. The company has a 50-day moving average price of $157.64 and a 200 day moving average price of $146.85.

McDonald’s Corporation (NYSE:MCD) last announced its 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. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.96 billion. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. McDonald’s Corporation’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 firm earned $1.45 earnings per share. Analysts expect that McDonald’s Corporation will post $6.55 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Friday, September 1st were given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio (DPR) is presently 61.54%.

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In other news, CFO Kevin M. Ozan sold 25,322 shares of the business’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 sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jerome N. Krulewitch sold 11,755 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $158.38, for a total value of $1,861,756.90. Following the sale, the executive vice president now directly owns 11,755 shares in the company, valued at $1,861,756.90. The disclosure for this sale can be found here. Insiders have sold 69,938 shares of company stock worth $11,033,009 over the last ninety days. 0.24% of the stock is owned by insiders.

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada set a $175.00 price target on McDonald’s Corporation and gave the company a “buy” rating in a research note on Wednesday, July 26th. Sanford C. Bernstein reissued an “outperform” rating and issued a $170.00 price target on shares of McDonald’s Corporation in a research note on Tuesday, July 25th. BidaskClub downgraded McDonald’s Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Bank of America Corporation reissued a “buy” rating and issued a $175.00 price target on shares of McDonald’s Corporation in a research note on Monday, August 14th. Finally, Morgan Stanley set a $150.00 price target on McDonald’s Corporation and gave the company a “neutral” rating in a research note on Wednesday, July 19th. Twelve analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. McDonald’s Corporation 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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