The 3,832 Shares of McDonald’s Corp. (MCD) are sold by RS Investment Management Co. LLC

The 3,832 Shares of McDonald’s Corp. (MCD) are sold by RS Investment Management Co. LLC

RS Investment Management Co. LLC lowered its stake in shares of McDonald’s Corp. (NYSE:MCD) by 48.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,024 shares of the fast-food giant’s stock after selling 3,832 shares during the period. RS Investment Management Co. LLC’s holdings in McDonald’s Corp. were worth $484,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MCD. Robeco Institutional Asset Management B.V. increased its position in McDonald’s Corp. by 33.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,074,266 shares of the fast-food giant’s stock valued at $129,275,000 after buying an additional 268,464 shares during the last quarter. Pennsylvania Trust Co increased its position in McDonald’s Corp. by 3.3% in the second quarter. Pennsylvania Trust Co now owns 108,250 shares of the fast-food giant’s stock valued at $13,027,000 after buying an additional 3,477 shares during the last quarter. Oakbrook Investments LLC increased its position in McDonald’s Corp. by 3.7% in the second quarter. Oakbrook Investments LLC now owns 87,291 shares of the fast-food giant’s stock valued at $10,505,000 after buying an additional 3,100 shares during the last quarter. Exxonmobil Investment Management Inc. TX increased its position in McDonald’s Corp. by 3.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 227,234 shares of the fast-food giant’s stock valued at $27,345,000 after buying an additional 7,714 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in McDonald’s Corp. by 4.0% in the first quarter. Geode Capital Management LLC now owns 7,789,916 shares of the fast-food giant’s stock valued at $977,173,000 after buying an additional 302,511 shares during the last quarter. 69.10% of the stock is currently owned by institutional investors and hedge funds.

Shares of McDonald’s Corp. (NYSE:MCD) traded up 0.91% during trading on Wednesday, reaching $114.71. 3,339,986 shares of the company’s stock traded hands. The company has a market capitalization of $97.89 billion, a price-to-earnings ratio of 21.90 and a beta of 0.61. McDonald’s Corp. has a 1-year low of $101.60 and a 1-year high of $131.96. The company has a 50 day moving average of $115.40 and a 200-day moving average of $121.55.

McDonald’s Corp. (NYSE:MCD) last issued its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.06. McDonald’s Corp. had a net margin of 18.73% and a return on equity of 97.56%. The company earned $6.27 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter last year, the company earned $1.26 earnings per share. McDonald’s Corp.’s revenue for the quarter was down 3.6% on a year-over-year basis. Equities analysts predict that McDonald’s Corp. will post $5.56 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.94 per share. The ex-dividend date is Tuesday, November 29th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 3.28%. This is an increase from McDonald’s Corp.’s previous quarterly dividend of $0.89. McDonald’s Corp.’s dividend payout ratio (DPR) is presently 68.59%.

Several research firms have recently weighed in on MCD. Credit Suisse Group AG reissued an “outperform” rating and issued a $132.00 price target on shares of McDonald’s Corp. in a research note on Friday, September 16th. Robert W. Baird reissued an “outperform” rating on shares of McDonald’s Corp. in a research note on Thursday, September 8th. Vetr raised shares of McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $121.01 price target on the stock in a research note on Wednesday, September 28th. Zacks Investment Research raised shares of McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a research note on Tuesday, September 27th. Finally, Citigroup Inc. decreased their price target on shares of McDonald’s Corp. from $130.00 to $122.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 13th. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $126.01.

In other news, Chairman Andrew J. Mckenna sold 70,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $118.28, for a total transaction of $8,279,600.00. Following the completion of the sale, the chairman now owns 108,841 shares of the company’s stock, valued at $12,873,713.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.28% of the company’s stock.

About McDonald’s Corp.

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality 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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