IBM Retirement Fund trimmed its position in Mcdonald’s Corp (NYSE:MCD) by 14.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,785 shares of the fast-food giant’s stock after selling 2,382 shares during the period. IBM Retirement Fund’s holdings in Mcdonald’s were worth $2,306,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Main Street Research LLC increased its position in Mcdonald’s by 1.0% during the third quarter. Main Street Research LLC now owns 30,944 shares of the fast-food giant’s stock worth $5,177,000 after buying an additional 299 shares during the last quarter. Howard Capital Management increased its position in Mcdonald’s by 1.7% during the third quarter. Howard Capital Management now owns 18,127 shares of the fast-food giant’s stock worth $3,032,000 after buying an additional 300 shares during the last quarter. Palisade Asset Management LLC increased its position in Mcdonald’s by 0.4% during the third quarter. Palisade Asset Management LLC now owns 75,193 shares of the fast-food giant’s stock worth $12,579,000 after buying an additional 300 shares during the last quarter. Gilman Hill Asset Management LLC increased its position in Mcdonald’s by 13.4% during the third quarter. Gilman Hill Asset Management LLC now owns 2,531 shares of the fast-food giant’s stock worth $423,000 after buying an additional 300 shares during the last quarter. Finally, Parsec Financial Management Inc. increased its position in Mcdonald’s by 8.3% during the third quarter. Parsec Financial Management Inc. now owns 3,933 shares of the fast-food giant’s stock worth $658,000 after buying an additional 300 shares during the last quarter. Institutional investors own 66.25% of the company’s stock.

Mcdonald’s stock opened at $186.72 on Tuesday. Mcdonald’s Corp has a 12 month low of $146.84 and a 12 month high of $188.90. The company has a market capitalization of $144.62 billion, a PE ratio of 28.04, a PEG ratio of 2.75 and a beta of 0.53.

Mcdonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 EPS for the quarter, beating the consensus estimate of $1.99 by $0.11. Mcdonald’s had a negative return on equity of 116.43% and a net margin of 24.56%. The company had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.28 billion. During the same quarter in the prior year, the business earned $1.76 earnings per share. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. Sell-side analysts expect that Mcdonald’s Corp will post 7.76 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be given a $1.16 dividend. This is an increase from Mcdonald’s’s previous quarterly dividend of $1.01. The ex-dividend date is Friday, November 30th. This represents a $4.64 annualized dividend and a dividend yield of 2.49%. Mcdonald’s’s dividend payout ratio is presently 60.66%.

A number of equities analysts have weighed in on the company. Barclays set a $198.00 price target on Mcdonald’s and gave the stock a “buy” rating in a research report on Monday. Goldman Sachs Group reissued a “buy” rating and set a $200.00 price target on shares of Mcdonald’s in a research report on Thursday, November 15th. Zacks Investment Research downgraded Mcdonald’s from a “buy” rating to a “hold” rating in a research report on Wednesday, November 14th. Cowen boosted their price target on Mcdonald’s from $190.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, November 9th. Finally, Citigroup boosted their price target on Mcdonald’s from $171.00 to $189.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 30th. Eight equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Mcdonald’s currently has an average rating of “Buy” and a consensus price target of $189.62.

In related news, EVP Francesca A. Debiase sold 15,136 shares of the business’s stock in a transaction that occurred on Wednesday, October 24th. The stock was sold at an average price of $176.17, for a total value of $2,666,509.12. Following the completion of the sale, the executive vice president now directly owns 17,306 shares in the company, valued at $3,048,798.02. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Ian Frederick Borden sold 4,782 shares of the business’s stock in a transaction that occurred on Thursday, October 25th. The shares were sold at an average price of $177.68, for a total value of $849,665.76. The disclosure for this sale can be found here. Insiders sold 221,041 shares of company stock worth $38,839,407 in the last ninety days. 0.22% of the stock is owned by company insiders.

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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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