McDonald’s Corporation (MCD) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH decreased its stake in shares of McDonald’s Corporation (NYSE:MCD) by 0.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,525 shares of the fast-food giant’s stock after selling 455 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in McDonald’s Corporation were worth $18,861,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MCD. Norges Bank purchased a new stake in shares of McDonald’s Corporation during the fourth quarter valued at about $960,307,000. Swiss National Bank raised its stake in shares of McDonald’s Corporation by 18.0% in the first quarter. Swiss National Bank now owns 3,653,548 shares of the fast-food giant’s stock valued at $473,536,000 after buying an additional 558,300 shares in the last quarter. Karp Capital Management Corp purchased a new stake in shares of McDonald’s Corporation during the first quarter valued at about $66,583,000. Canada Pension Plan Investment Board raised its stake in McDonald’s Corporation by 136.5% in the first quarter. Canada Pension Plan Investment Board now owns 444,937 shares of the fast-food giant’s stock valued at $57,668,000 after buying an additional 256,785 shares during the period. Finally, Numeric Investors LLC raised its stake in McDonald’s Corporation by 2,214.9% in the fourth quarter. Numeric Investors LLC now owns 171,300 shares of the fast-food giant’s stock valued at $20,851,000 after buying an additional 163,900 shares during the period. Institutional investors and hedge funds own 68.20% of the company’s stock.

McDonald’s Corporation (MCD) opened at 157.76 on Friday. The company has a market cap of $127.78 billion, a price-to-earnings ratio of 25.82 and a beta of 0.70. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $159.98. The firm’s 50-day moving average price is $155.41 and its 200-day moving average price is $141.89.

McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.08. The firm had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The business’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.45 earnings per share. Equities research analysts forecast that McDonald’s Corporation will post $6.54 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be issued a $0.94 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.76 annualized dividend and a dividend yield of 2.38%. McDonald’s Corporation’s payout ratio is currently 61.54%.

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Several research firms recently weighed in on MCD. Credit Suisse Group restated an “outperform” rating and issued a $170.00 target price (up from $165.00) on shares of McDonald’s Corporation in a report on Wednesday, July 26th. Robert W. Baird set a $170.00 target price on McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, July 26th. Stephens restated an “overweight” rating and issued a $155.00 target price on shares of McDonald’s Corporation in a report on Wednesday, July 26th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $162.00 price target (up from $150.00) on shares of McDonald’s Corporation in a research report on Wednesday, July 26th. Finally, Sanford C. Bernstein set a $180.00 price objective on McDonald’s Corporation and gave the company a “buy” rating in a research report on Wednesday, July 26th. Twelve research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $162.16.

In other news, insider Joseph M. Erlinger sold 10,793 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $154.44, for a total value of $1,666,870.92. Following the transaction, the insider now owns 7,318 shares of the company’s stock, valued at $1,130,191.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP David Ogden Fairhurst sold 4,782 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $157.05, for a total transaction of $751,013.10. Following the completion of the transaction, the executive vice president now directly owns 6,954 shares in the company, valued at approximately $1,092,125.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,938 shares of company stock worth $11,033,009. Insiders own 0.24% of the company’s stock.

About McDonald’s Corporation

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.

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

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