Bellwether Investment Group LLC lowered its stake in shares of McDonald’s Corporation (NYSE:MCD) by 13.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,465 shares of the fast-food giant’s stock after selling 369 shares during the period. McDonald’s Corporation accounts for about 1.8% of Bellwether Investment Group LLC’s investment portfolio, making the stock its 22nd biggest holding. Bellwether Investment Group LLC’s holdings in McDonald’s Corporation were worth $378,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Orrstown Financial Services Inc. lifted its holdings in shares of 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 last quarter. Proficio Capital Partners LLC lifted its holdings in shares of 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 last quarter. Acrospire Investment Management LLC purchased a new stake in shares of McDonald’s Corporation during the 2nd quarter valued at $153,000. QCI Asset Management Inc. NY lifted its holdings in shares of McDonald’s Corporation by 22.4% during the 2nd quarter. QCI Asset Management Inc. NY now owns 1,094 shares of the fast-food giant’s stock valued at $168,000 after purchasing an additional 200 shares during the last quarter. Finally, Aveo Capital Partners LLC purchased a new stake in shares of McDonald’s Corporation during the 2nd quarter valued at $202,000. Institutional investors own 67.95% of the company’s stock.

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In other news, VP James R. Sappington sold 8,046 shares of McDonald’s Corporation stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the sale, the vice president now owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.24% of the stock is currently owned by insiders.

McDonald’s Corporation (MCD) opened at $166.72 on Monday. The firm has a market cap of $132,906.78, a P/E ratio of 26.05, a price-to-earnings-growth ratio of 2.73 and a beta of 0.67. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. McDonald’s Corporation has a 12 month low of $117.71 and a 12 month high of $170.92.

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

The company 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 dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s payout ratio is presently 54.26%.

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

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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