Principal Financial Group Inc. boosted its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 5.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,272,860 shares of the fast-food giant’s stock after acquiring an additional 68,529 shares during the quarter. Principal Financial Group Inc. owned 0.16% of McDonald’s Corporation worth $194,952,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sullivan Bruyette Speros & Blaney LLC boosted its stake in shares of McDonald’s Corporation by 0.9% in the 2nd quarter. Sullivan Bruyette Speros & Blaney LLC now owns 8,000 shares of the fast-food giant’s stock valued at $1,225,000 after purchasing an additional 73 shares during the last quarter. Motco boosted its stake in shares of McDonald’s Corporation by 4.4% in the 2nd quarter. Motco now owns 70,113 shares of the fast-food giant’s stock valued at $10,739,000 after purchasing an additional 2,978 shares during the last quarter. Homrich & Berg boosted its stake in shares of McDonald’s Corporation by 20.1% in the 2nd quarter. Homrich & Berg now owns 7,840 shares of the fast-food giant’s stock valued at $1,201,000 after purchasing an additional 1,310 shares during the last quarter. Birinyi Associates Inc. boosted its stake in shares of McDonald’s Corporation by 8.0% in the 2nd quarter. Birinyi Associates Inc. now owns 16,870 shares of the fast-food giant’s stock valued at $2,584,000 after purchasing an additional 1,250 shares during the last quarter. Finally, Allen Investment Management LLC boosted its stake in shares of McDonald’s Corporation by 0.5% in the 2nd quarter. Allen Investment Management LLC now owns 1,725 shares of the fast-food giant’s stock valued at $264,000 after purchasing an additional 9 shares during the last quarter. 67.95% of the stock is currently owned by hedge funds and other institutional investors.

In other McDonald’s Corporation 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is owned by company insiders.

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A number of research firms have recently commented on MCD. Bank of America Corporation reaffirmed a “buy” rating and issued a $175.00 price objective on shares of McDonald’s Corporation in a research note on Monday, August 14th. Zacks Investment Research lowered shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Piper Jaffray Companies reissued a “buy” rating and set a $170.00 target price on shares of McDonald’s Corporation in a research note on Friday, July 28th. BidaskClub lowered shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Vetr raised shares of McDonald’s Corporation from a “sell” rating to a “hold” rating and set a $159.47 target price on the stock in a research note on Thursday, August 3rd. Eleven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. McDonald’s Corporation has an average rating of “Buy” and an average target price of $169.96.

McDonald’s Corporation (NYSE: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 firm has a market cap of $135,210.00, a PE ratio of 26.05, a price-to-earnings-growth ratio of 2.73 and a beta of 0.67. McDonald’s Corporation has a 1 year low of $117.71 and a 1 year high of $170.92.

McDonald’s Corporation (NYSE:MCD) last issued its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates 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 company’s quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter last year, the business earned $1.62 earnings per share. sell-side analysts expect that McDonald’s Corporation will post 6.52 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Thursday, November 30th. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s dividend payout ratio (DPR) is currently 54.26%.

About McDonald’s Corporation

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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