Columbia Asset Management cut its stake in McDonald’s Corporation (NYSE:MCD) by 0.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,148 shares of the fast-food giant’s stock after selling 215 shares during the period. McDonald’s makes up about 1.9% of Columbia Asset Management’s portfolio, making the stock its 11th biggest holding. Columbia Asset Management’s holdings in McDonald’s were worth $5,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC raised its holdings in shares of McDonald’s by 0.7% during the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after buying an additional 5 shares in the last quarter. AlphaMark Advisors LLC raised its holdings in shares of McDonald’s by 0.4% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock worth $197,000 after buying an additional 5 shares in the last quarter. Winch Advisory Services LLC raised its holdings in shares of McDonald’s by 0.4% during the 2nd quarter. Winch Advisory Services LLC now owns 1,598 shares of the fast-food giant’s stock worth $245,000 after buying an additional 7 shares in the last quarter. Valmark Advisers Inc. raised its holdings in shares of McDonald’s 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 in the last quarter. Finally, Allen Investment Management LLC raised its holdings in shares of McDonald’s by 0.5% during the 2nd quarter. Allen Investment Management LLC now owns 1,725 shares of the fast-food giant’s stock worth $264,000 after buying an additional 9 shares in the last quarter. 67.40% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Stephen Easterbrook sold 171,577 shares of the company’s stock in a transaction that occurred on 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 document filed with the SEC, which can be accessed through this link. Also, VP James R. Sappington sold 8,046 shares of the company’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 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 corporate insiders.

Shares of McDonald’s Corporation (MCD) traded up $0.49 during trading on Thursday, hitting $173.48. The company had a trading volume of 2,619,200 shares, compared to its average volume of 3,471,408. McDonald’s Corporation has a 52 week low of $118.18 and a 52 week 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 company has a market cap of $137,905.14, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 2.83 and a beta of 0.67.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, beating the 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 company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. During the same quarter in the prior year, the company earned $1.62 EPS. The firm’s revenue for the quarter was down 10.4% compared to the same quarter last year. analysts predict that McDonald’s Corporation will post 6.53 earnings per share for the current fiscal year.

The firm also recently announced 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. This is a positive change from McDonald’s’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, November 30th. This represents a $4.04 annualized dividend and a dividend yield of 2.33%. McDonald’s’s dividend payout ratio is presently 58.30%.

A number of equities analysts have recently commented on the company. BidaskClub raised McDonald’s from a “hold” rating to a “buy” rating in a report on Monday, August 14th. ValuEngine cut McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Bank of America reissued a “buy” rating and set a $175.00 price target on shares of McDonald’s in a report on Monday, August 14th. Nomura set a $183.00 price target 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 boosted their price target for the stock from $154.05 to $183.00 in a report on Thursday, September 28th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $173.95.

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McDonald’s 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 (NYSE:MCD)

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