Private Wealth Partners LLC raised its position in McDonald’s Corporation (NYSE:MCD) by 332.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 19,567 shares of the fast-food giant’s stock after acquiring an additional 15,042 shares during the period. Private Wealth Partners LLC’s holdings in McDonald’s Corporation were worth $2,997,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Orrstown Financial Services Inc. increased its position in shares of McDonald’s Corporation by 17.2% during the 2nd quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock worth $108,000 after purchasing an additional 104 shares during the last quarter. Proficio Capital Partners LLC increased its position in shares of McDonald’s Corporation by 87.8% during 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 shares of McDonald’s Corporation by 9.4% during 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 shares of McDonald’s Corporation during the 1st quarter worth approximately $146,000. Finally, Acrospire Investment Management LLC acquired a new position in shares of McDonald’s Corporation during the 2nd quarter worth approximately $153,000. Hedge funds and other institutional investors own 67.92% of the company’s stock.

In other McDonald’s Corporation news, insider Douglas M. Goare sold 17,286 shares of McDonald’s Corporation 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin M. Ozan sold 25,322 shares of McDonald’s Corporation stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total value 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 approximately $3,810,181.50. The disclosure for this sale can be found here. Insiders have sold 69,938 shares of company stock valued at $11,033,009 in the last three months. 0.24% of the stock is owned by corporate insiders.

Shares of McDonald’s Corporation (NYSE:MCD) opened at 159.03 on Friday. The company has a market capitalization of $128.81 billion, a P/E ratio of 26.03 and a beta of 0.70. The company’s 50 day moving average price is $157.70 and its 200 day moving average price is $147.07. McDonald’s Corporation has a 12 month low of $110.33 and a 12 month high of $161.72.

McDonald’s Corporation (NYSE:MCD) last posted its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.08. The company had revenue of $6.05 billion during 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%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the company earned $1.45 earnings per share. Analysts expect that McDonald’s Corporation will post $6.55 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $1.01 per share. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a yield of 2.53%. McDonald’s Corporation’s dividend payout ratio (DPR) is currently 61.54%.

Several research firms have weighed in on MCD. Credit Suisse Group set a $170.00 price target on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Wednesday. Sanford C. Bernstein set a $180.00 price target on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Tuesday. Mizuho reaffirmed a “buy” rating and set a $173.00 price target (up previously from $170.00) on shares of McDonald’s Corporation in a research report on Wednesday, September 13th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $175.00 price target on shares of McDonald’s Corporation in a research report on Friday, September 8th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $170.00 price target on shares of McDonald’s Corporation in a research report on Friday, September 1st. Twelve equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $162.26.

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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.

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

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