Boothbay Fund Management LLC raised its position in McDonald's Co. (NYSE:MCD) by 42.9% in the third quarter, HoldingsChannel.com reports. The fund owned 5,733 shares of the fast-food giant’s stock after purchasing an additional 1,720 shares during the quarter. Boothbay Fund Management LLC’s holdings in McDonald's were worth $898,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Proficio Capital Partners LLC grew its stake in McDonald's by 0.7% in the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after acquiring an additional 5 shares during the period. AlphaMark Advisors LLC lifted its holdings in shares of McDonald's by 0.4% in the second quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock valued at $197,000 after purchasing an additional 5 shares in the last quarter. Highland Private Wealth Management lifted its holdings in shares of McDonald's by 0.3% in the second quarter. Highland Private Wealth Management now owns 2,182 shares of the fast-food giant’s stock valued at $335,000 after purchasing an additional 6 shares in the last quarter. Winch Advisory Services LLC lifted its holdings in shares of McDonald's by 0.4% in the second quarter. Winch Advisory Services LLC now owns 1,598 shares of the fast-food giant’s stock valued at $245,000 after purchasing an additional 7 shares in the last quarter. Finally, Valmark Advisers Inc. lifted its holdings in shares of McDonald's by 0.3% in the second quarter. Valmark Advisers Inc. now owns 2,381 shares of the fast-food giant’s stock valued at $365,000 after purchasing an additional 8 shares in the last quarter. 67.53% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on MCD. Deutsche Bank raised their target price on McDonald's to $190.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. BMO Capital Markets restated a “buy” rating and issued a $190.00 target price on shares of McDonald's in a report on Wednesday, January 31st. Bank of America set a $200.00 target price on McDonald's and gave the company a “buy” rating in a report on Monday, January 29th. Royal Bank of Canada set a $190.00 target price on McDonald's and gave the company a “buy” rating in a report on Tuesday, January 30th. Finally, Nomura set a $183.00 target price on McDonald's and gave the company a “buy” rating in a report on Tuesday, October 17th. Nine research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. McDonald's presently has an average rating of “Buy” and an average price target of $184.95.

Shares of McDonald's Co. (NYSE:MCD) opened at $160.80 on Monday. The company has a market capitalization of $130,250.00, a price-to-earnings ratio of 25.28, a P/E/G ratio of 2.36 and a beta of 0.59. McDonald's Co. has a fifty-two week low of $124.52 and a fifty-two week high of $178.70. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17.

McDonald's (NYSE:MCD) last issued its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.12. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.22 billion. McDonald's had a negative return on equity of 217.17% and a net margin of 22.75%. McDonald's’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same period last year, the company posted $1.44 earnings per share. analysts anticipate that McDonald's Co. will post 7.58 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $1.01 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $4.04 annualized dividend and a dividend yield of 2.51%. McDonald's’s payout ratio is presently 63.52%.

In other McDonald's news, VP Catherine A. Hoovel sold 1,398 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total value of $238,414.92. Following the sale, the vice president now directly owns 1,398 shares in the company, valued at $238,414.92. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Stephen Easterbrook sold 171,577 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total value of $28,879,840.64. Following the completion of the sale, the insider now owns 49,778 shares in the company, valued at $8,378,632.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 207,550 shares of company stock worth $35,118,055. Corporate insiders own 0.24% of the company’s stock.

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McDonald's Company 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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