Pittenger & Anderson Inc. boosted its position in Mcdonald’s Corp (NYSE:MCD) by 1.4% in the third quarter, HoldingsChannel reports. The firm owned 33,948 shares of the fast-food giant’s stock after buying an additional 465 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Mcdonald’s were worth $5,679,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MCD. Rathbone Brothers plc boosted its stake in Mcdonald’s by 3.8% in the third quarter. Rathbone Brothers plc now owns 22,268 shares of the fast-food giant’s stock valued at $3,725,000 after acquiring an additional 822 shares during the last quarter. BLB&B Advisors LLC boosted its stake in Mcdonald’s by 118.7% in the third quarter. BLB&B Advisors LLC now owns 2,942 shares of the fast-food giant’s stock valued at $492,000 after acquiring an additional 1,597 shares during the last quarter. MAI Capital Management boosted its stake in Mcdonald’s by 6.8% in the third quarter. MAI Capital Management now owns 11,543 shares of the fast-food giant’s stock valued at $1,931,000 after acquiring an additional 740 shares during the last quarter. Northwest Wealth Management LLC boosted its stake in Mcdonald’s by 19.4% in the third quarter. Northwest Wealth Management LLC now owns 5,853 shares of the fast-food giant’s stock valued at $979,000 after acquiring an additional 950 shares during the last quarter. Finally, Spearhead Capital Advisors LLC boosted its stake in Mcdonald’s by 1.9% in the third quarter. Spearhead Capital Advisors LLC now owns 21,349 shares of the fast-food giant’s stock valued at $3,582,000 after acquiring an additional 401 shares during the last quarter. 66.98% of the stock is owned by institutional investors and hedge funds.

Shares of MCD stock opened at $163.82 on Friday. The company has a market cap of $129.78 billion, a P/E ratio of 24.60, a price-to-earnings-growth ratio of 2.49 and a beta of 0.66. The company has a debt-to-equity ratio of -5.24, a quick ratio of 1.45 and a current ratio of 1.47. Mcdonald’s Corp has a 12 month low of $146.84 and a 12 month high of $178.70.

Mcdonald’s (NYSE:MCD) last announced its quarterly earnings results on Thursday, July 26th. The fast-food giant reported $1.99 EPS for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.07. The company had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.32 billion. Mcdonald’s had a net margin of 25.26% and a negative return on equity of 133.89%. During the same period in the prior year, the company posted $1.73 EPS. Mcdonald’s’s revenue was down 11.5% compared to the same quarter last year. As a group, research analysts forecast that Mcdonald’s Corp will post 7.65 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a $1.16 dividend. The ex-dividend date of this dividend is Friday, November 30th. This is a boost from Mcdonald’s’s previous quarterly dividend of $1.01. This represents a $4.64 annualized dividend and a yield of 2.83%. Mcdonald’s’s dividend payout ratio is currently 60.66%.

A number of research firms have weighed in on MCD. ValuEngine upgraded shares of Mcdonald’s from a “hold” rating to a “buy” rating in a research note on Thursday. Guggenheim upgraded shares of Mcdonald’s from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a research note on Wednesday. They noted that the move was a valuation call. Goldman Sachs Group reiterated a “buy” rating and issued a $192.00 target price on shares of Mcdonald’s in a research note on Friday, October 5th. KeyCorp began coverage on shares of Mcdonald’s in a research note on Wednesday, October 3rd. They issued an “overweight” rating and a $185.00 target price on the stock. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $175.00 target price on shares of Mcdonald’s in a research note on Thursday, September 27th. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Mcdonald’s presently has a consensus rating of “Buy” and an average price target of $183.29.

Mcdonald’s Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

Read More: Price to Earnings Ratio (PE)

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Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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