Heritage Investors Management Corp Sells 6,678 Shares of McDonald’s Corporation (MCD)

Heritage Investors Management Corp cut its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 4.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 135,050 shares of the fast-food giant’s stock after selling 6,678 shares during the quarter. McDonald’s Corporation makes up approximately 1.4% of Heritage Investors Management Corp’s portfolio, making the stock its 20th largest holding. Heritage Investors Management Corp’s holdings in McDonald’s Corporation were worth $20,684,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MCD. Proficio Capital Partners LLC lifted its holdings in McDonald’s Corporation by 87.8% during the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock valued at $111,000 after purchasing an additional 346 shares during the last quarter. Vigilant Capital Management LLC lifted its holdings in McDonald’s Corporation by 9.4% during the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock valued at $127,000 after purchasing an additional 84 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in McDonald’s Corporation during the first quarter valued at about $146,000. Acrospire Investment Management LLC purchased a new stake in McDonald’s Corporation during the second quarter valued at about $153,000. Finally, Hudock Capital Group LLC lifted its holdings in McDonald’s Corporation by 5.9% during the first quarter. Hudock Capital Group LLC now owns 1,493 shares of the fast-food giant’s stock valued at $193,000 after purchasing an additional 83 shares during the last quarter. 67.92% of the stock is currently owned by institutional investors and hedge funds.

Shares of McDonald’s Corporation (MCD) traded down 0.13% during trading on Friday, hitting $158.82. The stock had a trading volume of 962,655 shares. The stock has a 50-day moving average price of $157.70 and a 200 day moving average price of $147.07. McDonald’s Corporation has a 12 month low of $110.33 and a 12 month high of $161.72. The company has a market cap of $128.64 billion, a P/E ratio of 26.00 and a beta of 0.70.

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 analyst estimates of $5.96 billion. During the same period in the prior year, the company posted $1.45 EPS. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. Equities analysts expect that McDonald’s Corporation will post $6.55 EPS 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 Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a yield of 2.53%. McDonald’s Corporation’s dividend payout ratio is currently 61.54%.

In related news, insider Joseph M. Erlinger sold 10,793 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $154.44, for a total transaction of $1,666,870.92. Following the transaction, the insider now directly owns 7,318 shares of the company’s stock, valued at approximately $1,130,191.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Douglas M. Goare sold 17,286 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were 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. Insiders have sold a total of 69,938 shares of company stock worth $11,033,009 over the last ninety days. 0.24% of the stock is currently owned by corporate insiders.

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Several equities research analysts have recently weighed in on the company. BidaskClub upgraded McDonald’s Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Sanford C. Bernstein set a $180.00 price target on McDonald’s Corporation and gave the company a “buy” rating in a research report on Tuesday. Barclays PLC reiterated an “overweight” rating and set a $173.00 price target (up from $164.00) on shares of McDonald’s Corporation in a research report on Wednesday, July 26th. Vetr upgraded McDonald’s Corporation from a “sell” rating to a “hold” rating and set a $159.47 price target on the stock in a research report on Thursday, August 3rd. Finally, Bank of America Corporation reiterated a “buy” rating and set a $175.00 price target on shares of McDonald’s Corporation in a research report on Monday, August 14th. Twelve investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $162.26.

McDonald’s Corporation 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 Corporation (NYSE:MCD)

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