Capital Advantage Inc. trimmed its holdings in McDonald’s Corporation (NYSE:MCD) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,611 shares of the fast-food giant’s stock after selling 70 shares during the quarter. Capital Advantage Inc.’s holdings in McDonald’s Corporation were worth $553,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Buckingham Asset Management LLC increased its holdings in shares of McDonald’s Corporation by 157.5% during the 2nd quarter. Buckingham Asset Management LLC now owns 18,973 shares of the fast-food giant’s stock worth $2,906,000 after buying an additional 11,604 shares during the last quarter. Tobam increased its holdings in shares of McDonald’s Corporation by 53.3% during the 2nd quarter. Tobam now owns 48,875 shares of the fast-food giant’s stock worth $7,486,000 after buying an additional 16,990 shares during the last quarter. Windsor Capital Management LLC increased its holdings in shares of McDonald’s Corporation by 14.9% during the 2nd quarter. Windsor Capital Management LLC now owns 6,007 shares of the fast-food giant’s stock worth $920,000 after buying an additional 780 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of McDonald’s Corporation by 16.6% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 195,185 shares of the fast-food giant’s stock worth $29,895,000 after buying an additional 27,811 shares during the last quarter. Finally, Willingdon Wealth Management increased its holdings in shares of McDonald’s Corporation by 3.9% during the 2nd quarter. Willingdon Wealth Management now owns 7,852 shares of the fast-food giant’s stock worth $1,203,000 after buying an additional 293 shares during the last quarter. 69.01% of the stock is currently owned by institutional investors and hedge funds.

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McDonald’s Corporation (NYSE MCD) opened at $168.09 on Friday. McDonald’s Corporation has a 52 week low of $117.71 and a 52 week high of $170.92. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. The company has a market cap of $133,385.11, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 2.74 and a beta of 0.67.

McDonald’s Corporation (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.75 billion. During the same period in the prior year, the firm posted $1.62 EPS. The firm’s revenue was down 10.4% compared to the same quarter last year. equities research analysts predict that McDonald’s Corporation will post 6.52 earnings per share 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 given a $1.01 dividend. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, November 30th. McDonald’s Corporation’s dividend payout ratio (DPR) is presently 54.26%.

Several research firms have commented on MCD. Canaccord Genuity restated a “hold” rating and issued a $170.00 price target on shares of McDonald’s Corporation in a research note on Friday, October 6th. Nomura set a $180.00 price target on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Deutsche Bank AG restated a “buy” rating and issued a $180.00 price target (up previously from $175.00) on shares of McDonald’s Corporation in a research note on Wednesday, July 26th. Raymond James Financial, Inc. restated a “market perform” rating on shares of McDonald’s Corporation in a research note on Monday, July 24th. Finally, BidaskClub downgraded shares of McDonald’s Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Eleven research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. McDonald’s Corporation currently has a consensus rating of “Buy” and a consensus price target of $169.96.

In other news, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction dated 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 transaction, the vice president now directly owns 15,739 shares in the company, valued at approximately $2,596,935. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.24% of the company’s stock.

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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