Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of McDonald’s Corporation (NYSE:MCD) by 73.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,684,058 shares of the fast-food giant’s stock after acquiring an additional 714,470 shares during the quarter. McDonald’s makes up 1.6% of Los Angeles Capital Management & Equity Research Inc.’s portfolio, making the stock its 5th biggest position. Los Angeles Capital Management & Equity Research Inc. owned 0.21% of McDonald’s worth $257,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of MCD. Proficio Capital Partners LLC raised its holdings in shares of McDonald’s by 87.8% during the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after purchasing an additional 346 shares during the period. Acrospire Investment Management LLC acquired a new stake in shares of McDonald’s during the second quarter worth $153,000. QCI Asset Management Inc. NY raised its holdings in shares of McDonald’s by 22.4% during the second quarter. QCI Asset Management Inc. NY now owns 1,094 shares of the fast-food giant’s stock worth $168,000 after purchasing an additional 200 shares during the period. AlphaMark Advisors LLC raised its holdings in shares of McDonald’s by 0.4% during the second quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock worth $197,000 after purchasing an additional 5 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its holdings in shares of McDonald’s by 4.0% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,285 shares of the fast-food giant’s stock worth $197,000 after purchasing an additional 50 shares during the period. Hedge funds and other institutional investors own 67.40% of the company’s stock.

In other McDonald’s news, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total value of $28,879,840.64. Following the completion of the transaction, the insider now directly owns 49,778 shares in the company, valued at $8,378,632.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the completion of the transaction, the vice president now owns 15,739 shares of the company’s stock, valued at $2,596,935. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

A number of analysts have weighed in on MCD shares. Canaccord Genuity reissued a “hold” rating and set a $170.00 target price on shares of McDonald’s in a report on Friday, October 6th. Nomura set a $180.00 target price on shares of McDonald’s and gave the stock a “buy” rating in a report on Wednesday, October 25th. Vetr raised shares of McDonald’s from a “sell” rating to a “hold” rating and set a $159.47 target price on the stock in a report on Thursday, August 3rd. Argus reissued a “buy” rating on shares of McDonald’s in a report on Tuesday, October 17th. Finally, Piper Jaffray Companies set a $170.00 price objective on shares of McDonald’s and gave the stock a “buy” rating in a report on Thursday, October 12th. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $169.96.

Shares of McDonald’s Corporation (NYSE:MCD) traded up $0.75 on Thursday, reaching $171.18. 1,085,223 shares of the company were exchanged, compared to its average volume of 3,459,510. The company has a market cap of $136,589.78, a price-to-earnings ratio of 26.77, a PEG ratio of 2.80 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 $172.02.

McDonald’s (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, beating the Zacks’ consensus estimate of $1.75 by $0.01. The firm had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.75 billion. McDonald’s had a net margin of 24.19% and a negative return on equity of 216.45%. McDonald’s’s revenue was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.62 EPS. research analysts anticipate that McDonald’s Corporation will post 6.52 earnings per share for the current fiscal year.

The firm also recently disclosed 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 is a positive change from McDonald’s’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $4.04 annualized dividend and a dividend yield of 2.36%. McDonald’s’s dividend payout ratio (DPR) is 54.26%.

COPYRIGHT VIOLATION NOTICE: This report was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another website, it was illegally stolen and republished in violation of international copyright laws. The correct version of this report can be read at https://www.dailypolitical.com/2017/11/30/mcdonalds-corporation-mcd-holdings-lifted-by-los-angeles-capital-management-equity-research-inc.html.

About McDonald’s

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 (NYSE:MCD)

Receive News & Ratings for McDonald's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's Corporation and related companies with MarketBeat.com's FREE daily email newsletter.