B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund raised its stake in shares of McDonald’s Corporation (NYSE:MCD) by 192.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,343 shares of the fast-food giant’s stock after purchasing an additional 18,000 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in McDonald’s Corporation were worth $4,188,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MCD. Orrstown Financial Services Inc. raised its position in shares of McDonald’s Corporation by 17.2% in the 2nd quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock worth $108,000 after acquiring an additional 104 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of 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 worth $111,000 after acquiring an additional 346 shares in the last quarter. Acrospire Investment Management LLC bought a new position in shares of McDonald’s Corporation in the 2nd quarter worth about $153,000. Signature Estate & Investment Advisors LLC bought a new position in shares of McDonald’s Corporation in the 1st quarter worth about $146,000. Finally, Aveo Capital Partners LLC bought a new position in shares of McDonald’s Corporation in the 2nd quarter worth about $202,000. 69.01% of the stock is owned by institutional investors and hedge funds.

McDonald’s Corporation (NYSE:MCD) opened at $167.37 on Tuesday. McDonald’s Corporation has a 1 year low of $114.72 and a 1 year high of $170.92. The stock has a market cap of $132,005.97, a price-to-earnings ratio of 25.87, a P/E/G ratio of 2.71 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27.

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

The business 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. The ex-dividend date is Thursday, November 30th. 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 2.41%. McDonald’s Corporation’s payout ratio is 54.26%.

In related news, VP James R. Sappington sold 8,046 shares of the company’s stock in a transaction on Wednesday, October 25th. The shares were 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 directly owns 15,739 shares in the company, valued at $2,596,935. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.24% of the stock is currently owned by insiders.

Several research firms have recently weighed in on MCD. Royal Bank Of Canada set a $175.00 price objective on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $170.00 target price on shares of McDonald’s Corporation in a research report on Tuesday, July 25th. BidaskClub lowered McDonald’s Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Robert W. Baird reaffirmed an “outperform” rating and issued a $170.00 target price on shares of McDonald’s Corporation in a research report on Tuesday, October 3rd. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $175.00 target price on shares of McDonald’s Corporation in a research report on Monday, August 14th. Eleven analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $169.96.

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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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