USA Financial Portformulas Corp bought a new stake in McDonald’s Corporation (NYSE:MCD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 43,641 shares of the fast-food giant’s stock, valued at approximately $6,684,000. McDonald’s makes up approximately 1.6% of USA Financial Portformulas Corp’s investment portfolio, making the stock its 10th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Jennison Associates LLC boosted its stake in shares of McDonald’s by 681.3% during the 2nd quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock worth $935,782,000 after acquiring an additional 5,327,778 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of McDonald’s by 3,951.0% during the 2nd quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock worth $677,339,000 after acquiring an additional 4,313,253 shares in the last quarter. FMR LLC boosted its stake in shares of McDonald’s by 72.9% during the 2nd quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock worth $1,282,229,000 after acquiring an additional 3,530,622 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of McDonald’s by 69.9% during the 2nd quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock worth $1,157,628,000 after acquiring an additional 3,110,669 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of McDonald’s by 3.0% during the 2nd quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock worth $8,363,515,000 after acquiring an additional 1,586,761 shares in the last quarter. Hedge funds and other institutional investors own 67.40% of the company’s stock.

McDonald’s Corporation (NYSE:MCD) opened at $174.06 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. The company has a market capitalization of $138,024.72, a P/E ratio of 27.05, a price-to-earnings-growth ratio of 2.83 and a beta of 0.67. McDonald’s Corporation has a twelve month low of $118.18 and a twelve month high of $175.09.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, beating the consensus estimate of $1.75 by $0.01. The firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.75 billion. McDonald’s had a negative return on equity of 216.45% and a net margin of 24.19%. The company’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.62 EPS. equities research analysts expect that McDonald’s Corporation will post 6.53 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $1.01 dividend. This is a boost from McDonald’s’s previous quarterly dividend of $0.94. The ex-dividend date was Thursday, November 30th. This represents a $4.04 annualized dividend and a yield of 2.32%. McDonald’s’s dividend payout ratio is 58.30%.

Several analysts have recently issued reports on MCD shares. Longbow Research upgraded McDonald’s from a “neutral” rating to a “buy” rating and upped their price target for the stock from $154.05 to $183.00 in a research note on Thursday, September 28th. Zacks Investment Research upgraded McDonald’s from a “hold” rating to a “buy” rating and set a $178.00 price target for the company in a research note on Tuesday, September 26th. Credit Suisse Group set a $170.00 price target on McDonald’s and gave the stock a “buy” rating in a research note on Wednesday, September 20th. Sanford C. Bernstein set a $180.00 price target on McDonald’s and gave the stock a “buy” rating in a research note on Tuesday, September 19th. Finally, Mizuho reiterated a “buy” rating and set a $173.00 price target (up previously from $170.00) on shares of McDonald’s in a research note on Wednesday, September 13th. Ten research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $175.05.

In other McDonald’s news, insider Stephen Easterbrook sold 171,577 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP James R. Sappington sold 8,046 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,596,935. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

WARNING: “USA Financial Portformulas Corp Takes $6.68 Million Position in McDonald’s Corporation (MCD)” was posted by Daily Political and is the property of of Daily Political. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/12/16/usa-financial-portformulas-corp-takes-6-68-million-position-in-mcdonalds-corporation-mcd.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.

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Corporation (NYSE:MCD).

Institutional Ownership by Quarter for McDonald`s (NYSE:MCD)

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