Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Mcdonald’s Corp (NYSE:MCD) by 30.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,808,550 shares of the fast-food giant’s stock after buying an additional 652,752 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.36% of Mcdonald’s worth $440,072,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Arthur M. Cohen & Associates LLC raised its holdings in Mcdonald’s by 21.3% in the 2nd quarter. Arthur M. Cohen & Associates LLC now owns 3,679 shares of the fast-food giant’s stock worth $572,000 after purchasing an additional 645 shares in the last quarter. Boulegeris Investments Inc. raised its holdings in Mcdonald’s by 5.4% in the 2nd quarter. Boulegeris Investments Inc. now owns 6,145 shares of the fast-food giant’s stock worth $963,000 after purchasing an additional 317 shares in the last quarter. Burney Co. raised its holdings in Mcdonald’s by 33.9% in the 2nd quarter. Burney Co. now owns 20,202 shares of the fast-food giant’s stock worth $3,165,000 after purchasing an additional 5,116 shares in the last quarter. Capital Wealth Planning LLC raised its holdings in Mcdonald’s by 198.8% in the 2nd quarter. Capital Wealth Planning LLC now owns 4,780 shares of the fast-food giant’s stock worth $750,000 after purchasing an additional 3,180 shares in the last quarter. Finally, Advisors Capital Management LLC raised its holdings in Mcdonald’s by 11.3% in the 2nd quarter. Advisors Capital Management LLC now owns 60,907 shares of the fast-food giant’s stock worth $9,543,000 after purchasing an additional 6,172 shares in the last quarter. Institutional investors and hedge funds own 68.56% of the company’s stock.

Several brokerages have commented on MCD. Cleveland Research lowered shares of Mcdonald’s from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Jefferies Financial Group restated a “buy” rating and issued a $200.00 price objective on shares of Mcdonald’s in a report on Wednesday, July 11th. Royal Bank of Canada set a $175.00 price objective on shares of Mcdonald’s and gave the stock a “buy” rating in a report on Thursday, July 26th. Telsey Advisory Group decreased their price objective on shares of Mcdonald’s from $190.00 to $175.00 and set an “outperform” rating for the company in a report on Friday, July 27th. Finally, Stifel Nicolaus restated a “neutral” rating and issued a $168.00 price objective on shares of Mcdonald’s in a report on Monday, August 20th. Nine research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $181.57.

NYSE:MCD opened at $163.90 on Friday. The stock has a market capitalization of $127.03 billion, a PE ratio of 24.61, a price-to-earnings-growth ratio of 2.43 and a beta of 0.66. The company has a current ratio of 1.47, a quick ratio of 1.45 and a debt-to-equity ratio of -5.24. Mcdonald’s Corp has a 1-year low of $146.84 and a 1-year high of $178.70.

Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, July 26th. The fast-food giant reported $1.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.07. Mcdonald’s had a net margin of 25.26% and a negative return on equity of 133.89%. The company had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same period in the prior year, the firm posted $1.73 EPS. Mcdonald’s’s revenue for the quarter was down 11.5% on a year-over-year basis. analysts forecast that Mcdonald’s Corp will post 7.65 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 18th. Investors of record on Tuesday, September 4th will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.46%. The ex-dividend date is Friday, August 31st. Mcdonald’s’s dividend payout ratio (DPR) is 60.66%.

About Mcdonald’s

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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

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