Callahan Advisors LLC decreased its stake in McDonald’s Corporation (NYSE:MCD) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,311 shares of the fast-food giant’s stock after selling 1,048 shares during the period. McDonald’s Corporation makes up 2.6% of Callahan Advisors LLC’s investment portfolio, making the stock its 6th largest holding. Callahan Advisors LLC’s holdings in McDonald’s Corporation were worth $11,841,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Legal & General Group Plc raised its position in McDonald’s Corporation by 4.6% during the first quarter. Legal & General Group Plc now owns 4,241,304 shares of the fast-food giant’s stock worth $549,720,000 after acquiring an additional 187,324 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of McDonald’s Corporation by 4.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 3,882,107 shares of the fast-food giant’s stock worth $503,160,000 after buying an additional 174,209 shares in the last quarter. Swiss National Bank grew its holdings in shares of McDonald’s Corporation by 18.0% during the first quarter. Swiss National Bank now owns 3,653,548 shares of the fast-food giant’s stock worth $473,536,000 after buying an additional 558,300 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of McDonald’s Corporation by 26.3% during the second quarter. Bank of Montreal Can now owns 1,894,258 shares of the fast-food giant’s stock worth $290,125,000 after buying an additional 393,881 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in shares of McDonald’s Corporation by 0.4% during the first quarter. Great West Life Assurance Co. Can now owns 1,881,094 shares of the fast-food giant’s stock worth $243,570,000 after buying an additional 7,974 shares in the last quarter. Hedge funds and other institutional investors own 67.92% of the company’s stock.

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Shares of McDonald’s Corporation (NYSE:MCD) opened at 165.01 on Tuesday. The company has a market cap of $133.66 billion, a price-to-earnings ratio of 27.01 and a beta of 0.69. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $165.74. The firm’s 50-day moving average is $158.72 and its 200 day moving average is $151.02.

McDonald’s Corporation (NYSE:MCD) last issued its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, topping the consensus estimate of $1.62 by $0.08. The firm had revenue of $6.05 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the business earned $1.45 earnings per share. Equities analysts expect that McDonald’s Corporation will post $6.56 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $1.01 dividend. This is a boost from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a yield of 2.45%. The ex-dividend date is Thursday, November 30th. McDonald’s Corporation’s dividend payout ratio (DPR) is 61.54%.

A number of brokerages have recently commented on MCD. Jefferies Group LLC reiterated a “hold” rating and set a $140.00 price target on shares of McDonald’s Corporation in a report on Wednesday, July 19th. Longbow Research reiterated a “neutral” rating on shares of McDonald’s Corporation in a report on Saturday, July 22nd. Bank of America Corporation reiterated a “buy” rating and set a $175.00 price target on shares of McDonald’s Corporation in a report on Monday, August 14th. Barclays PLC set a $164.00 price target on shares of McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, July 19th. Finally, Zacks Investment Research downgraded shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $167.83.

In related news, insider Joseph M. Erlinger sold 10,793 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $154.44, for a total value 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP David Ogden Fairhurst sold 4,782 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $157.05, for a total value of $751,013.10. Following the completion of the transaction, the executive vice president now directly owns 6,954 shares of the company’s stock, valued at $1,092,125.70. 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. 0.24% of the stock is owned by company insiders.

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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