Capital Investment Advisors LLC raised its position in McDonald’s Corporation (NYSE:MCD) by 75.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,411 shares of the fast-food giant’s stock after acquiring an additional 20,366 shares during the quarter. Capital Investment Advisors LLC’s holdings in McDonald’s Corporation were worth $7,261,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its position in 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 acquiring an additional 346 shares in the last quarter. Vigilant Capital Management LLC grew its position in 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 acquiring an additional 84 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in McDonald’s Corporation in the 1st quarter valued at about $146,000. Acrospire Investment Management LLC acquired a new position in McDonald’s Corporation in the 2nd quarter valued at about $153,000. Finally, Hudock Capital Group LLC grew its position in McDonald’s Corporation by 5.9% in the 1st quarter. Hudock Capital Group LLC now owns 1,493 shares of the fast-food giant’s stock valued at $193,000 after acquiring an additional 83 shares in the last quarter. 67.92% of the stock is owned by institutional investors.

McDonald’s Corporation (NYSE:MCD) traded down 0.08% on Friday, reaching $158.91. The company’s stock had a trading volume of 2,442,658 shares. McDonald’s Corporation has a 52-week low of $110.33 and a 52-week high of $161.72. The firm has a 50-day moving average price of $157.70 and a 200 day moving average price of $147.07. The firm has a market capitalization of $128.72 billion, a P/E ratio of 26.01 and a beta of 0.70.

McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.08. The business 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 business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.45 EPS. Equities analysts anticipate that McDonald’s Corporation will post $6.55 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $1.01 per share. The ex-dividend date is Thursday, November 30th. This represents a $4.04 annualized dividend and a yield of 2.54%. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s payout ratio is presently 61.54%.

In other McDonald’s Corporation news, EVP Jerome N. Krulewitch sold 11,755 shares of McDonald’s Corporation stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $158.38, for a total transaction of $1,861,756.90. Following the sale, the executive vice president now owns 11,755 shares of the company’s stock, valued at approximately $1,861,756.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kevin M. Ozan sold 25,322 shares of McDonald’s Corporation stock in a transaction on Wednesday, July 26th. The shares were 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 in the company, valued at approximately $3,810,181.50. The disclosure for this sale can be found here. Insiders have sold a total of 69,938 shares of company stock worth $11,033,009 in the last ninety days. 0.24% of the stock is owned by company insiders.

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A number of equities analysts have recently commented on MCD shares. BTIG Research boosted their price objective on McDonald’s Corporation from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, June 29th. Piper Jaffray Companies reissued a “buy” rating and set a $153.00 price objective on shares of McDonald’s Corporation in a research report on Friday, July 14th. Jefferies Group LLC reissued a “hold” rating and set a $140.00 price objective on shares of McDonald’s Corporation in a research report on Wednesday, July 19th. Bank of America Corporation boosted their price objective on McDonald’s Corporation from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, June 13th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $180.00 price objective (up from $175.00) on shares of McDonald’s Corporation in a research report on Wednesday, July 26th. Twelve research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. McDonald’s Corporation has a consensus rating of “Buy” and an average price target 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.

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

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