AT Bancorp boosted its position in shares of McDonald’s Corporation (NYSE:MCD) by 0.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,452 shares of the fast-food giant’s stock after purchasing an additional 32 shares during the quarter. AT Bancorp’s holdings in McDonald’s Corporation were worth $682,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Valmark Advisers Inc. grew its position in shares of McDonald’s Corporation by 0.3% during the 2nd quarter. Valmark Advisers Inc. now owns 2,381 shares of the fast-food giant’s stock worth $365,000 after buying an additional 8 shares during the period. Capital Investment Advisory Services LLC grew its position in shares of McDonald’s Corporation by 1.2% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 1,568 shares of the fast-food giant’s stock worth $240,000 after buying an additional 18 shares during the period. MCF Advisors LLC grew its position in shares of McDonald’s Corporation by 0.6% during the 2nd quarter. MCF Advisors LLC now owns 3,417 shares of the fast-food giant’s stock worth $523,000 after buying an additional 19 shares during the period. Northern Oak Wealth Management Inc. grew its position in shares of McDonald’s Corporation by 1.2% during the 1st quarter. Northern Oak Wealth Management Inc. now owns 1,914 shares of the fast-food giant’s stock worth $248,000 after buying an additional 22 shares during the period. Finally, First Command Bank grew its position in shares of McDonald’s Corporation by 0.9% during the 2nd quarter. First Command Bank now owns 2,446 shares of the fast-food giant’s stock worth $375,000 after buying an additional 23 shares during the period. 67.92% of the stock is owned by hedge funds and other institutional investors.

Shares of McDonald’s Corporation (MCD) opened at 165.40 on Wednesday. The stock’s 50 day moving average price is $158.72 and its 200-day moving average price is $151.02. The company has a market cap of $133.97 billion, a PE ratio of 27.07 and a beta of 0.69. McDonald’s Corporation has a 52 week low of $110.33 and a 52 week high of $166.02.

McDonald’s Corporation (NYSE:MCD) last announced its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.08. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The company had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.96 billion. During the same quarter in the previous year, the firm earned $1.45 earnings per share. McDonald’s Corporation’s quarterly revenue was down 3.4% on a year-over-year basis. Analysts expect that McDonald’s Corporation will post $6.56 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $1.01 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $4.04 annualized dividend and a yield of 2.44%. This is a boost from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s payout ratio is currently 61.54%.

In other McDonald’s Corporation news, CFO Kevin M. Ozan sold 25,322 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total value of $4,013,537.00. Following the transaction, the chief financial officer now owns 24,039 shares of the company’s stock, valued at $3,810,181.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Douglas M. Goare sold 17,286 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total value of $2,739,831.00. The disclosure for this sale can be found here. In the last three months, insiders sold 69,938 shares of company stock worth $11,033,009. Insiders own 0.24% of the company’s stock.

Several research firms have recently issued reports on MCD. Nomura set a $183.00 target price on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Tuesday. Goldman Sachs Group, Inc. (The) set a $172.00 target price on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Friday, October 13th. Royal Bank Of Canada boosted their target price on McDonald’s Corporation from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, October 13th. SunTrust Banks, Inc. restated a “buy” rating and set a $178.00 target price on shares of McDonald’s Corporation in a research report on Thursday, October 12th. Finally, Piper Jaffray Companies set a $170.00 target price on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Thursday, October 12th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. McDonald’s Corporation has a consensus rating of “Buy” and a consensus price target of $168.19.

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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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