Marshall Wace LLP Sells 38,854 Shares of McDonald’s Corporation (MCD)

Marshall Wace LLP lessened its stake in shares of McDonald’s Corporation (NYSE:MCD) by 26.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 108,658 shares of the fast-food giant’s stock after selling 38,854 shares during the period. Marshall Wace LLP’s holdings in McDonald’s Corporation were worth $16,625,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Jennison Associates LLC grew its holdings in McDonald’s Corporation by 681.3% during the second quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock valued at $935,782,000 after purchasing an additional 5,327,778 shares during the period. Legal & General Group Plc grew its holdings 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 purchasing an additional 147,589 shares during the period. Schwab Charles Investment Management Inc. grew its holdings 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 purchasing an additional 127,840 shares during the period. Swiss National Bank grew its holdings in McDonald’s Corporation by 18.0% during 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 purchasing an additional 558,300 shares during the period. Finally, Bank of Montreal Can grew its holdings in McDonald’s Corporation by 26.3% during the second quarter. Bank of Montreal Can now owns 1,894,258 shares of the fast-food giant’s stock valued at $290,125,000 after purchasing an additional 393,881 shares during the period. 68.03% of the stock is owned by institutional investors and hedge funds.

In related news, insider Joseph M. Erlinger sold 10,793 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP David Ogden Fairhurst sold 4,782 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $157.05, for a total value 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 three months, insiders sold 23,621 shares of company stock worth $3,745,474. 0.24% of the stock is owned by insiders.

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McDonald’s Corporation (MCD) opened at $168.65 on Monday. McDonald’s Corporation has a 52 week low of $110.83 and a 52 week high of $169.45. The stock has a market capitalization of $134,445.34, a P/E ratio of 26.35, a P/E/G ratio of 2.76 and a beta of 0.67. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.01. McDonald’s Corporation had a negative return on equity of 216.45% and a net margin of 24.19%. The company had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.75 billion. During the same quarter in the prior year, the firm earned $1.62 earnings per share. McDonald’s Corporation’s revenue was down 10.4% compared to the same quarter last year. analysts expect that McDonald’s Corporation will post 6.52 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors 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 annualized dividend and a yield of 2.40%. 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%.

MCD has been the subject of several recent research reports. Wells Fargo & Company set a $185.00 price target on McDonald’s Corporation and gave the company a “buy” rating in a report on Wednesday, October 25th. Deutsche Bank AG set a $185.00 price objective on McDonald’s Corporation and gave the stock a “buy” rating in a research note on Friday, October 20th. Nomura set a $172.00 price objective on McDonald’s Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Canaccord Genuity reaffirmed a “hold” rating and issued a $170.00 price objective on shares of McDonald’s Corporation in a research note on Friday, October 6th. Finally, Goldman Sachs Group, Inc. (The) set a $174.00 price objective on McDonald’s Corporation and gave the stock a “buy” rating in a research note on Thursday, July 27th. 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 stock currently has a consensus rating of “Buy” and an average price target of $169.93.

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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