GW Henssler & Associates Ltd. Has $10.54 Million Holdings in McDonald’s Corporation (MCD)

GW Henssler & Associates Ltd. decreased its position in shares of McDonald’s Corporation (NYSE:MCD) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,828 shares of the fast-food giant’s stock after selling 578 shares during the period. GW Henssler & Associates Ltd.’s holdings in McDonald’s Corporation were worth $10,542,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the business. Legal & General Group Plc increased its position in McDonald’s Corporation by 3.5% during the second quarter. Legal & General Group Plc now owns 4,388,893 shares of the fast-food giant’s stock valued at $672,205,000 after acquiring an additional 147,589 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in McDonald’s Corporation by 3.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 4,009,947 shares of the fast-food giant’s stock valued at $614,164,000 after acquiring an additional 127,840 shares during the last quarter. Swiss National Bank grew its holdings 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 worth $473,536,000 after purchasing an additional 558,300 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of McDonald’s Corporation by 26.3% in the second quarter. Bank of Montreal Can now owns 1,894,258 shares of the fast-food giant’s stock worth $290,125,000 after purchasing an additional 393,881 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in shares of McDonald’s Corporation by 0.4% in the first quarter. Great West Life Assurance Co. Can now owns 1,881,094 shares of the fast-food giant’s stock worth $243,570,000 after purchasing an additional 7,974 shares during the last quarter. Institutional investors and hedge funds own 67.99% of the company’s stock.

In other McDonald’s Corporation news, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total value of $1,327,590.00. Following the completion of the sale, the vice president now owns 15,739 shares in the company, valued at $2,596,935. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP David Ogden Fairhurst sold 4,782 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $157.05, for a total value of $751,013.10. Following the completion of the sale, the executive vice president now owns 6,954 shares of the company’s stock, valued at approximately $1,092,125.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,621 shares of company stock valued at $3,745,474. 0.24% of the stock is owned by company insiders.

A number of research firms have recently commented on MCD. Wells Fargo & Company set a $185.00 price target on shares of McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, October 25th. Deutsche Bank AG set a $185.00 price target on shares of McDonald’s Corporation and gave the stock a “buy” rating in a report on Thursday, October 26th. Robert W. Baird set a $175.00 price target on shares of McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, October 25th. Nomura set a $180.00 price target on shares of McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, October 25th. Finally, UBS AG set a $170.00 price target on shares of McDonald’s Corporation and gave the stock a “hold” rating in a report on Wednesday, October 25th. Eleven investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $169.93.

McDonald’s Corporation (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.01. McDonald’s Corporation had a negative return on equity of 252.87% and a net margin of 24.19%. The company had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.75 billion. During the same quarter in the previous year, the business earned $1.62 earnings per share. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $1.01 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $4.04 dividend on an annualized basis and a yield of 2.42%. This is a boost from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s payout ratio is currently 54.26%.

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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.

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

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