McDonald’s Corporation (MCD) Shares Sold by BKS Advisors LLC

BKS Advisors LLC reduced its position in McDonald’s Corporation (NYSE:MCD) by 3.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,130 shares of the fast-food giant’s stock after selling 233 shares during the period. BKS Advisors LLC’s holdings in McDonald’s Corporation were worth $939,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Jennison Associates LLC increased its position in McDonald’s Corporation by 681.3% during the second quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock worth $935,782,000 after buying an additional 5,327,778 shares in the last quarter. Harbour Capital Advisors LLC increased its position in McDonald’s Corporation by 12,624.8% during the second quarter. Harbour Capital Advisors LLC now owns 767,178 shares of the fast-food giant’s stock worth $5,009,000 after buying an additional 761,149 shares in the last quarter. Private Vista LLC increased its position in McDonald’s Corporation by 7,878.0% during the second quarter. Private Vista LLC now owns 692,806 shares of the fast-food giant’s stock worth $657,000 after buying an additional 684,122 shares in the last quarter. Swiss National Bank increased its position in McDonald’s Corporation by 18.0% during the first quarter. Swiss National Bank now owns 3,653,548 shares of the fast-food giant’s stock worth $473,536,000 after buying an additional 558,300 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new position in McDonald’s Corporation during the first quarter worth $66,583,000. 67.95% of the stock is owned by hedge funds and other institutional investors.

In other news, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was 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 directly owns 15,739 shares in the company, valued at $2,596,935. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.24% of the company’s stock.

McDonald’s Corporation (MCD) opened at $166.93 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. The stock has a market capitalization of $135,210.00, a P/E ratio of 26.05, a PEG ratio of 2.73 and a beta of 0.67. McDonald’s Corporation has a 52-week low of $117.71 and a 52-week high of $170.92.

McDonald’s Corporation (NYSE:MCD) last issued its quarterly earnings data 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 business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.75 billion. McDonald’s Corporation had a negative return on equity of 216.45% and a net margin of 24.19%. The business’s revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.62 earnings per share. research analysts anticipate that McDonald’s Corporation will post 6.52 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders 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 is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a dividend yield of 2.42%. McDonald’s Corporation’s payout ratio is currently 54.26%.

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Several equities analysts have weighed in on MCD shares. BidaskClub downgraded McDonald’s Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Mizuho reissued a “buy” rating and set a $170.00 price target (up previously from $168.00) on shares of McDonald’s Corporation in a research report on Wednesday, July 26th. Robert W. Baird set a $170.00 price target on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Royal Bank Of Canada set a $175.00 price target on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Finally, Sanford C. Bernstein set a $180.00 price target on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Eleven research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target 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.

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

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