McDonald’s Corporation (MCD) Holdings Decreased by Franklin Resources Inc.

Franklin Resources Inc. lowered its holdings in McDonald’s Corporation (NYSE:MCD) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,846,663 shares of the fast-food giant’s stock after selling 44,389 shares during the period. Franklin Resources Inc. owned approximately 0.35% of McDonald’s worth $435,996,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC raised its holdings in shares of McDonald’s by 87.8% in the 1st quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock valued at $111,000 after acquiring an additional 346 shares in the last quarter. Acrospire Investment Management LLC purchased a new position in shares of McDonald’s during the 2nd quarter valued at about $153,000. QCI Asset Management Inc. NY raised its holdings in shares of McDonald’s by 22.4% during the 2nd quarter. QCI Asset Management Inc. NY now owns 1,094 shares of the fast-food giant’s stock valued at $168,000 after buying an additional 200 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in shares of McDonald’s by 4.0% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,285 shares of the fast-food giant’s stock valued at $197,000 after buying an additional 50 shares in the last quarter. Finally, AlphaMark Advisors LLC raised its holdings in shares of McDonald’s by 0.4% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock valued at $197,000 after buying an additional 5 shares in the last quarter. 67.40% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on MCD. BidaskClub raised McDonald’s from a “hold” rating to a “buy” rating in a report on Monday, August 14th. ValuEngine cut McDonald’s from a “buy” rating to a “hold” rating in a report on Friday. Bank of America reissued a “buy” rating and set a $175.00 price objective on shares of McDonald’s in a report on Monday, August 14th. Nomura set a $183.00 price objective on McDonald’s and gave the company a “buy” rating in a report on Tuesday, October 17th. Finally, Longbow Research raised McDonald’s from a “neutral” rating to a “buy” rating and raised their price objective for the company from $154.05 to $183.00 in a report on Thursday, September 28th. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. McDonald’s has an average rating of “Buy” and an average target price of $171.95.

In other news, insider Stephen Easterbrook sold 171,577 shares of McDonald’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total value of $28,879,840.64. Following the sale, the insider now directly owns 49,778 shares in the company, valued at approximately $8,378,632.96. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP James R. Sappington sold 8,046 shares of McDonald’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 disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

McDonald’s Corporation (NYSE:MCD) traded up $0.90 on Monday, reaching $172.87. The company had a trading volume of 4,279,100 shares, compared to its average volume of 3,474,095. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. McDonald’s Corporation has a fifty-two week low of $117.71 and a fifty-two week high of $173.17. The company has a market cap of $137,809.47, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 2.83 and a beta of 0.67.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results 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. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. McDonald’s had a negative return on equity of 216.45% and a net margin of 24.19%. McDonald’s’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period last year, the company earned $1.62 EPS. equities research analysts anticipate that McDonald’s Corporation will post 6.52 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $1.01 dividend. This is a positive change from McDonald’s’s previous quarterly dividend of $0.94. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Thursday, November 30th. McDonald’s’s dividend payout ratio (DPR) is currently 58.30%.

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McDonald’s 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.

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

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