Pettee Investors Inc. held its stake in shares of McDonald’s Corporation (NYSE:MCD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,825 shares of the fast-food giant’s stock at the close of the 2nd quarter. McDonald’s Corporation accounts for 1.2% of Pettee Investors Inc.’s holdings, making the stock its 24th largest position. Pettee Investors Inc.’s holdings in McDonald’s Corporation were worth $1,351,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Orrstown Financial Services Inc. raised its stake in 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 valued at $108,000 after purchasing an additional 104 shares during the period. Proficio Capital Partners LLC raised its stake in 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 valued at $111,000 after purchasing an additional 346 shares during the period. Vigilant Capital Management LLC raised its stake in 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 valued at $127,000 after purchasing an additional 84 shares during the period. Acrospire Investment Management LLC bought a new stake in McDonald’s Corporation during the 2nd quarter valued at approximately $153,000. Finally, Signature Estate & Investment Advisors LLC bought a new stake in McDonald’s Corporation during the 1st quarter valued at approximately $146,000. 67.92% of the stock is currently owned by institutional investors.

MCD has been the topic of several recent analyst reports. Mizuho reissued a “buy” rating and set a $173.00 target price (up previously from $170.00) on shares of McDonald’s Corporation in a research note on Wednesday, September 13th. Deutsche Bank AG raised their price target on McDonald’s Corporation from $155.00 to $175.00 and gave the company a “buy” rating in a report on Monday, July 10th. Robert W. Baird restated a “buy” rating and set a $170.00 price target on shares of McDonald’s Corporation in a report on Friday, September 1st. Barclays PLC set a $164.00 price target on McDonald’s Corporation and gave the company a “buy” rating in a report on Wednesday, July 19th. Finally, Zacks Investment Research cut McDonald’s Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Ten analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $168.64.

Shares of McDonald’s Corporation (MCD) opened at 166.30 on Friday. The stock’s 50 day moving average is $159.62 and its 200 day moving average is $152.01. McDonald’s Corporation has a 12 month low of $110.83 and a 12 month high of $167.90. The firm has a market cap of $134.70 billion, a PE ratio of 27.22 and a beta of 0.69.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings data 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 company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.45 EPS. Analysts forecast that McDonald’s Corporation will post $6.56 EPS for the current fiscal year.

The firm also recently declared 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. The ex-dividend date is Thursday, November 30th. This represents a $4.04 annualized dividend and a yield of 2.43%. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s dividend payout ratio (DPR) is presently 61.54%.

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In related news, 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 completion of the sale, the chief financial officer now owns 24,039 shares of the company’s stock, valued at approximately $3,810,181.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Douglas M. Goare sold 17,286 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 transaction of $2,739,831.00. The disclosure for this sale can be found here. In the last three months, insiders sold 69,938 shares of company stock valued at $11,033,009. 0.24% of the stock is currently owned by insiders.

McDonald’s Corporation Company 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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