McDonald’s Corporation (MCD) Stake Decreased by People s United Financial Inc.

People s United Financial Inc. cut its stake in shares of McDonald’s Corporation (NYSE:MCD) by 8.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 744,732 shares of the fast-food giant’s stock after selling 69,870 shares during the quarter. McDonald’s comprises approximately 3.9% of People s United Financial Inc.’s portfolio, making the stock its biggest position. People s United Financial Inc. owned approximately 0.09% of McDonald’s worth $114,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of MCD. World Asset Management Inc increased its holdings in McDonald’s by 16.6% in the 1st quarter. World Asset Management Inc now owns 96,091 shares of the fast-food giant’s stock worth $12,454,000 after buying an additional 13,648 shares in the last quarter. Bangor Savings Bank increased its holdings in McDonald’s by 1.0% in the 1st quarter. Bangor Savings Bank now owns 7,616 shares of the fast-food giant’s stock worth $987,000 after buying an additional 74 shares in the last quarter. Trust Co. of Virginia VA increased its holdings in McDonald’s by 1.7% in the 1st quarter. Trust Co. of Virginia VA now owns 19,754 shares of the fast-food giant’s stock worth $2,560,000 after buying an additional 326 shares in the last quarter. Meadow Creek Investment Management LLC increased its holdings in McDonald’s by 9.9% in the 1st quarter. Meadow Creek Investment Management LLC now owns 22,960 shares of the fast-food giant’s stock worth $2,976,000 after buying an additional 2,064 shares in the last quarter. Finally, Affinity Investment Advisors LLC increased its holdings in McDonald’s by 2.3% in the 1st quarter. Affinity Investment Advisors LLC now owns 62,547 shares of the fast-food giant’s stock worth $8,107,000 after buying an additional 1,417 shares in the last quarter. Hedge funds and other institutional investors own 67.40% of the company’s stock.

Several equities research analysts recently commented on the company. BidaskClub upgraded McDonald’s from a “hold” rating to a “buy” rating in a report on Monday, August 14th. ValuEngine downgraded McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Bank of America reiterated a “buy” rating and issued a $175.00 price objective on shares of McDonald’s in a report on Monday, August 14th. Nomura set a $183.00 price objective on McDonald’s and gave the stock a “buy” rating in a report on Tuesday, October 17th. Finally, Longbow Research raised McDonald’s from a “neutral” rating to a “buy” rating and raised their target price for the stock from $154.05 to $183.00 in a research report on Thursday, September 28th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. McDonald’s presently has a consensus rating of “Buy” and an average price target of $174.32.

In other news, insider Stephen Easterbrook sold 171,577 shares of McDonald’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the transaction, the insider now directly owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP James R. Sappington sold 8,046 shares of McDonald’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total value of $1,327,590.00. Following the transaction, the vice president now directly owns 15,739 shares in the company, valued at $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.

McDonald’s Corporation (NYSE:MCD) traded up $0.24 during mid-day trading on Monday, hitting $173.15. The stock had a trading volume of 2,241,100 shares, compared to its average volume of 3,461,210. McDonald’s Corporation has a 12-month low of $118.18 and a 12-month high of $174.44. 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 cap of $138,032.69, a PE ratio of 27.06, a P/E/G ratio of 2.83 and a beta of 0.67.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.01. McDonald’s had a negative return on equity of 216.45% and a net margin of 24.19%. The firm had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.75 billion. During the same period in the previous year, the firm earned $1.62 EPS. The business’s quarterly revenue was down 10.4% on a year-over-year basis. equities analysts forecast that McDonald’s Corporation will post 6.53 earnings per share for the current year.

The business 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. This is a boost from McDonald’s’s previous quarterly dividend of $0.94. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Thursday, November 30th. McDonald’s’s payout ratio is presently 58.30%.

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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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