Atria Investments LLC trimmed its stake in McDonald’s Corporation (NYSE:MCD) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,956 shares of the fast-food giant’s stock after selling 661 shares during the quarter. Atria Investments LLC’s holdings in McDonald’s Corporation were worth $3,363,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legacy Capital Partners Inc. boosted its stake in McDonald’s Corporation by 7.0% in the first quarter. Legacy Capital Partners Inc. now owns 26,154 shares of the fast-food giant’s stock valued at $3,390,000 after acquiring an additional 1,706 shares during the last quarter. Holderness Investments Co. raised its position in shares of McDonald’s Corporation by 323.7% in the first quarter. Holderness Investments Co. now owns 10,589 shares of the fast-food giant’s stock valued at $1,372,000 after purchasing an additional 8,090 shares during the period. Oakworth Capital Inc. raised its position in shares of McDonald’s Corporation by 7.7% in the first quarter. Oakworth Capital Inc. now owns 4,977 shares of the fast-food giant’s stock valued at $645,000 after purchasing an additional 355 shares during the period. Scopus Asset Management L.P. bought a new stake in shares of McDonald’s Corporation in the first quarter valued at approximately $42,771,000. Finally, Sterling Investment Management Inc. raised its position in shares of McDonald’s Corporation by 4.9% in the first quarter. Sterling Investment Management Inc. now owns 11,486 shares of the fast-food giant’s stock valued at $1,489,000 after purchasing an additional 536 shares during the period. Hedge funds and other institutional investors own 67.92% of the company’s stock.

In related news, EVP David Ogden Fairhurst sold 4,782 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $157.05, for a total value of $751,013.10. Following the sale, the executive vice president now owns 6,954 shares in the company, valued at $1,092,125.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the sale, the chief financial officer now owns 24,039 shares in the company, valued at approximately $3,810,181.50. The disclosure for this sale can be found here. Insiders sold 69,938 shares of company stock worth $11,033,009 in the last 90 days. 0.24% of the stock is currently owned by company insiders.

Several analysts have recently issued reports on MCD shares. Royal Bank Of Canada set a $170.00 price target on shares of McDonald’s Corporation and gave the company a “buy” rating in a research report on Thursday, June 22nd. Mizuho started coverage on shares of McDonald’s Corporation in a research report on Thursday, June 8th. They issued a “buy” rating and a $168.00 price target on the stock. Bank of America Corporation boosted their price target on shares of McDonald’s Corporation from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, June 13th. Zacks Investment Research raised shares of McDonald’s Corporation from a “hold” rating to a “buy” rating and set a $172.00 price target on the stock in a research report on Tuesday, June 27th. Finally, BTIG Research boosted their price target on shares of McDonald’s Corporation from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, June 29th. Twelve equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $162.26.

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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 for the quarter, topping the consensus estimate 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 company had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.96 billion. During the same quarter in the previous year, the business posted $1.45 earnings per share. McDonald’s Corporation’s quarterly revenue was down 3.4% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Friday, September 1st were given a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 2.35%. The ex-dividend date was Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio is presently 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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