Paradigm Asset Management Co. LLC trimmed its position in shares of McDonald’s Corporation (NYSE:MCD) by 15.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,690 shares of the fast-food giant’s stock after selling 4,600 shares during the period. Paradigm Asset Management Co. LLC’s holdings in McDonald’s Corporation were worth $3,782,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MCD. Jennison Associates LLC raised its holdings in shares of McDonald’s Corporation by 681.3% during the 2nd quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock valued at $935,782,000 after buying an additional 5,327,778 shares in the last quarter. Harbour Capital Advisors LLC raised its holdings in shares of McDonald’s Corporation by 12,624.8% during the 2nd quarter. Harbour Capital Advisors LLC now owns 767,178 shares of the fast-food giant’s stock valued at $5,009,000 after buying an additional 761,149 shares in the last quarter. Private Vista LLC raised its holdings in shares of McDonald’s Corporation by 7,878.0% during the 2nd quarter. Private Vista LLC now owns 692,806 shares of the fast-food giant’s stock valued at $657,000 after buying an additional 684,122 shares in the last quarter. Swiss National Bank raised its holdings in shares of McDonald’s Corporation by 18.0% during the 1st quarter. Swiss National Bank now owns 3,653,548 shares of the fast-food giant’s stock valued at $473,536,000 after buying an additional 558,300 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new position in shares of McDonald’s Corporation during the 1st quarter valued at about $66,583,000. 69.01% of the stock is currently owned by institutional investors.

A number of equities analysts recently weighed in on the company. Goldman Sachs Group, Inc. (The) set a $173.00 price objective on McDonald’s Corporation and gave the company a “buy” rating in a report on Wednesday, November 8th. Deutsche Bank AG set a $185.00 price target on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Friday, October 20th. Barclays PLC set a $182.00 price target on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Argus restated a “buy” rating on shares of McDonald’s Corporation in a research report on Tuesday, October 17th. Finally, Nomura set a $183.00 price target on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $169.96.

McDonald’s Corporation (NYSE:MCD) opened at $165.59 on Monday. McDonald’s Corporation has a one year low of $114.17 and a one year high of $170.92. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. The firm has a market capitalization of $132,005.97, a price-to-earnings ratio of 25.87, a PEG ratio of 2.71 and a beta of 0.67.

McDonald’s Corporation (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.01. McDonald’s Corporation had a negative return on equity of 216.45% and a net margin of 24.19%. The firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.75 billion. During the same quarter in the previous year, the business earned $1.62 earnings per share. The company’s revenue was down 10.4% on a year-over-year basis. research analysts expect that McDonald’s Corporation will post 6.52 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $1.01 dividend. The ex-dividend date is Thursday, November 30th. This represents a $4.04 annualized dividend and a dividend yield of 2.44%. This is a boost from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s payout ratio is currently 54.26%.

In other news, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total value of $1,327,590.00. Following the completion of the transaction, the vice president now owns 15,739 shares in the company, valued at $2,596,935. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is owned by insiders.

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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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