BB&T Investment Services Inc. reduced its stake in shares of McDonald's Co. (NYSE:MCD) by 3.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 15,244 shares of the fast-food giant’s stock after selling 544 shares during the period. BB&T Investment Services Inc.’s holdings in McDonald's were worth $2,402,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Acrospire Investment Management LLC acquired a new position in McDonald's during the 2nd quarter worth $153,000. Cadence Bank NA lifted its position in McDonald's by 2.7% during the 2nd quarter. Cadence Bank NA now owns 11,717 shares of the fast-food giant’s stock worth $1,795,000 after acquiring an additional 309 shares during the last quarter. Suffolk Capital Management LLC acquired a new position in McDonald's during the 2nd quarter worth $13,320,000. Braun Stacey Associates Inc. lifted its position in McDonald's by 37.5% during the 2nd quarter. Braun Stacey Associates Inc. now owns 12,650 shares of the fast-food giant’s stock worth $1,937,000 after acquiring an additional 3,450 shares during the last quarter. Finally, Ingalls & Snyder LLC lifted its position in McDonald's by 0.4% during the 2nd quarter. Ingalls & Snyder LLC now owns 11,194 shares of the fast-food giant’s stock worth $1,714,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 67.53% of the company’s stock.

Shares of McDonald's Co. (NYSE:MCD) opened at $165.71 on Thursday. The firm has a market cap of $134,220.00, a PE ratio of 26.06, a P/E/G ratio of 2.41 and a beta of 0.59. McDonald's Co. has a 52 week low of $124.36 and a 52 week high of $178.70. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27.

McDonald's (NYSE:MCD) last issued its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.12. The firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.22 billion. McDonald's had a net margin of 22.75% and a negative return on equity of 217.17%. The company’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.44 earnings per share. equities analysts expect that McDonald's Co. will post 7.54 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $1.01 per share. The ex-dividend date is Wednesday, February 28th. This represents a $4.04 annualized dividend and a yield of 2.44%. McDonald's’s dividend payout ratio is 63.52%.

MCD has been the subject of a number of research analyst reports. ValuEngine lowered shares of 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 price objective on shares of McDonald's and gave the company a “buy” rating in a research report on Tuesday, December 12th. Royal Bank of Canada upped their price objective on shares of McDonald's from $175.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, October 13th. BMO Capital Markets set a $175.00 price objective on shares of McDonald's and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, Barclays cut their price objective on shares of McDonald's from $205.00 to $200.00 and set an “overweight” rating for the company in a research report on Wednesday, January 31st. Nine investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $184.95.

In other McDonald's news, VP Catherine A. Hoovel sold 1,398 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total transaction of $238,414.92. Following the sale, the vice president now directly owns 1,398 shares of the company’s stock, valued at $238,414.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Douglas M. Goare sold 34,575 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total transaction of $5,999,799.75. The disclosure for this sale can be found here. Insiders have sold 207,550 shares of company stock worth $35,118,055 over the last ninety days. Insiders own 0.24% of the company’s stock.

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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.

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

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