Day & Ennis LLC decreased its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 15.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,643 shares of the fast-food giant’s stock after selling 484 shares during the period. Day & Ennis LLC’s holdings in McDonald’s were worth $405,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Proficio Capital Partners LLC raised its position in shares of McDonald’s by 0.7% in the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after acquiring an additional 5 shares in the last quarter. AlphaMark Advisors LLC raised its position in shares of McDonald’s by 0.4% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock worth $197,000 after acquiring an additional 5 shares in the last quarter. Winch Advisory Services LLC raised its position in shares of McDonald’s by 0.4% in the 2nd quarter. Winch Advisory Services LLC now owns 1,598 shares of the fast-food giant’s stock worth $245,000 after acquiring an additional 7 shares in the last quarter. Valmark Advisers Inc. raised its position in shares of McDonald’s by 0.3% in the 2nd quarter. Valmark Advisers Inc. now owns 2,381 shares of the fast-food giant’s stock worth $365,000 after acquiring an additional 8 shares in the last quarter. Finally, Allen Investment Management LLC raised its position in shares of McDonald’s by 0.5% in the 2nd quarter. Allen Investment Management LLC now owns 1,725 shares of the fast-food giant’s stock worth $264,000 after acquiring an additional 9 shares in the last quarter. 67.40% of the stock is owned by institutional investors and hedge funds.

Shares of McDonald’s Corporation (NYSE MCD) traded up $0.10 during trading on Tuesday, reaching $173.25. The company had a trading volume of 2,340,700 shares, compared to its average volume of 3,456,502. McDonald’s Corporation has a one year low of $118.18 and a one year high of $174.44. The company has a market cap of $138,032.69, a PE ratio of 27.06, a P/E/G ratio of 2.83 and a beta of 0.67. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.01. McDonald’s had a negative return on equity of 216.45% and a net margin of 24.19%. The company had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.75 billion. During the same period last year, the firm earned $1.62 EPS. McDonald’s’s revenue for the quarter was down 10.4% compared to the same quarter last year. equities research analysts anticipate that McDonald’s Corporation will post 6.53 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 issued a $1.01 dividend. This is a boost from McDonald’s’s previous quarterly dividend of $0.94. This represents a $4.04 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Thursday, November 30th. McDonald’s’s dividend payout ratio (DPR) is currently 58.30%.

Several research analysts have recently issued reports on the company. ValuEngine lowered McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Goldman Sachs Group set a $180.00 target price on McDonald’s and gave the stock a “buy” rating in a research report on Tuesday. Robert W. Baird reaffirmed an “outperform” rating and set a $170.00 price objective on shares of McDonald’s in a research report on Tuesday, October 3rd. Bank of America reaffirmed a “buy” rating and set a $175.00 price objective on shares of McDonald’s in a research report on Monday, August 14th. Finally, Royal Bank of Canada raised their price objective on McDonald’s from $175.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, October 13th. Ten analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $174.55.

In related news, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total value of $28,879,840.64. Following the transaction, the insider now directly owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 sale, the vice president now directly owns 15,739 shares in the company, valued at $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

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McDonald’s 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 (NYSE:MCD)

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