Boys Arnold & Co. Inc. Decreases Position in McDonald’s Corporation (MCD)

Boys Arnold & Co. Inc. cut its stake in shares of McDonald’s Corporation (NYSE:MCD) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,109 shares of the fast-food giant’s stock after selling 313 shares during the quarter. Boys Arnold & Co. Inc.’s holdings in McDonald’s Corporation were worth $3,539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Prudential Financial Inc. grew its holdings in shares of McDonald’s Corporation by 6.8% during the 2nd quarter. Prudential Financial Inc. now owns 2,805,231 shares of the fast-food giant’s stock valued at $429,649,000 after purchasing an additional 179,334 shares during the last quarter. GHP Investment Advisors Inc. grew its holdings in McDonald’s Corporation by 27.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 4,377 shares of the fast-food giant’s stock worth $670,000 after acquiring an additional 950 shares during the last quarter. Coho Partners Ltd. bought a new stake in McDonald’s Corporation during the 2nd quarter worth approximately $2,020,000. Great Lakes Advisors LLC grew its holdings in McDonald’s Corporation by 73.0% during the 2nd quarter. Great Lakes Advisors LLC now owns 53,691 shares of the fast-food giant’s stock worth $8,223,000 after acquiring an additional 22,662 shares during the last quarter. Finally, Strategic Financial Group LLC bought a new stake in McDonald’s Corporation during the 2nd quarter worth approximately $202,000. 69.01% of the stock is currently owned by institutional investors.

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Shares of McDonald’s Corporation (NYSE:MCD) opened at $168.11 on Wednesday. McDonald’s Corporation has a one year low of $117.02 and a one year high of $170.92. 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 stock has a market cap of $133,424.95, a price-to-earnings ratio of 26.15, a PEG ratio of 2.74 and a beta of 0.67.

McDonald’s Corporation (NYSE:MCD) last posted its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.01. The firm had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.75 billion. McDonald’s Corporation had a net margin of 24.19% and a negative return on equity of 216.45%. The business’s revenue was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.62 EPS. research analysts expect that McDonald’s Corporation will post 6.52 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $1.01 per share. The ex-dividend date is Thursday, November 30th. This represents a $4.04 annualized dividend and a yield of 2.40%. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s dividend payout ratio is presently 54.26%.

In related news, VP James R. Sappington sold 8,046 shares of the stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the completion of the transaction, the vice president now owns 15,739 shares in the company, valued at $2,596,935. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.24% of the stock is currently owned by corporate insiders.

A number of equities research analysts have weighed in on the stock. Goldman Sachs Group, Inc. (The) set a $173.00 target price on shares of McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, November 8th. Deutsche Bank AG set a $185.00 target price on shares of McDonald’s Corporation and gave the stock a “buy” rating in a report on Friday, October 20th. Barclays PLC set a $182.00 target price on shares of McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, October 18th. Argus reissued a “buy” rating on shares of McDonald’s Corporation in a report on Tuesday, October 17th. Finally, Nomura set a $183.00 target price on shares of McDonald’s Corporation and gave the stock a “buy” rating in a report on Tuesday, October 17th. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $169.96.

McDonald’s Corporation 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 Corporation (NYSE:MCD)

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