McDonald’s Corporation (MCD) Stake Lowered by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in McDonald’s Corporation (NYSE:MCD) by 1.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 384,099 shares of the fast-food giant’s stock after selling 7,324 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in McDonald’s Corporation were worth $58,828,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Hudock Capital Group LLC increased its stake in McDonald’s Corporation by 36.2% during the second quarter. Hudock Capital Group LLC now owns 2,034 shares of the fast-food giant’s stock valued at $311,000 after acquiring an additional 541 shares during the period. Kings Point Capital Management increased its stake in McDonald’s Corporation by 4.0% during the second quarter. Kings Point Capital Management now owns 2,054 shares of the fast-food giant’s stock valued at $315,000 after acquiring an additional 79 shares during the period. Buckingham Asset Management LLC increased its stake in McDonald’s Corporation by 157.5% during the second quarter. Buckingham Asset Management LLC now owns 18,973 shares of the fast-food giant’s stock valued at $2,906,000 after acquiring an additional 11,604 shares during the period. Tobam increased its stake in McDonald’s Corporation by 53.3% during the second quarter. Tobam now owns 48,875 shares of the fast-food giant’s stock valued at $7,486,000 after acquiring an additional 16,990 shares during the period. Finally, Windsor Capital Management LLC increased its stake in McDonald’s Corporation by 14.9% during the second quarter. Windsor Capital Management LLC now owns 6,007 shares of the fast-food giant’s stock valued at $920,000 after acquiring an additional 780 shares during the period. Institutional investors and hedge funds own 69.01% of the company’s stock.

McDonald’s Corporation (NYSE MCD) opened at $166.72 on Friday. The stock has a market capitalization of $136,150.00, a PE ratio of 26.27, a price-to-earnings-growth ratio of 2.75 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. 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 released its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.01. The firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.75 billion. McDonald’s Corporation had a negative return on equity of 216.45% and a net margin of 24.19%. The company’s revenue was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.62 EPS. equities analysts forecast that McDonald’s Corporation will post 6.52 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued 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 boost from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s dividend payout ratio is 54.26%.

Several equities analysts recently issued reports on MCD shares. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $167.00 price target (up from $153.00) on shares of McDonald’s Corporation in a research note on Friday, July 21st. Instinet restated a “buy” rating and set a $172.00 price target (up from $161.00) on shares of McDonald’s Corporation in a research note on Friday, July 21st. BidaskClub lowered McDonald’s Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Argus restated a “buy” rating and set a $175.00 price target (up from $158.00) on shares of McDonald’s Corporation in a research note on Saturday, July 22nd. Finally, Robert W. Baird set a $170.00 price target on McDonald’s Corporation and gave the company a “buy” rating in a research note on Wednesday, July 26th. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $169.96.

In other 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 directly owns 15,739 shares in the company, valued at approximately $2,596,935. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.24% of the stock is currently owned by corporate insiders.

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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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