Cambridge Advisors Inc. Purchases New Holdings in McDonald’s Corporation (NYSE:MCD)

Cambridge Advisors Inc. acquired a new stake in McDonald’s Corporation (NYSE:MCD) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,395 shares of the fast-food giant’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Orrstown Financial Services Inc. lifted its stake in McDonald’s Corporation by 17.2% in the 2nd quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock valued at $108,000 after purchasing an additional 104 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in McDonald’s Corporation 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 purchasing an additional 346 shares during the last quarter. Vigilant Capital Management LLC lifted its stake in McDonald’s Corporation by 9.4% in the 1st quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock valued at $127,000 after purchasing an additional 84 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in McDonald’s Corporation in the 1st quarter valued at about $146,000. Finally, Acrospire Investment Management LLC acquired a new stake in McDonald’s Corporation in the 2nd quarter valued at about $153,000. Institutional investors own 67.92% of the company’s stock.

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In related news, EVP Jerome N. Krulewitch sold 11,755 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $158.38, for a total value of $1,861,756.90. Following the completion of the transaction, the executive vice president now directly owns 11,755 shares of the company’s stock, valued at approximately $1,861,756.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin M. Ozan sold 25,322 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the completion of the transaction, the chief financial officer now directly owns 24,039 shares of the company’s stock, valued at $3,810,181.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,938 shares of company stock valued at $11,033,009. Insiders own 0.24% of the company’s stock.

Shares of McDonald’s Corporation (NYSE MCD) opened at 158.91 on Friday. McDonald’s Corporation has a 12 month low of $110.33 and a 12 month high of $161.72. The company has a market capitalization of $128.72 billion, a P/E ratio of 26.01 and a beta of 0.70. The firm has a 50-day moving average of $157.70 and a 200-day moving average of $147.07.

McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.08. The company had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.45 earnings per share. On average, equities analysts predict that McDonald’s Corporation will post $6.55 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 2.54%. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, November 30th. McDonald’s Corporation’s dividend payout ratio is presently 61.54%.

MCD has been the subject of several research reports. Nomura set a $172.00 price objective on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Wells Fargo & Company restated an “outperform” rating and set a $175.00 price objective (up from $165.00) on shares of McDonald’s Corporation in a research report on Monday, June 26th. Royal Bank Of Canada set a $170.00 price objective on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $174.00 price objective on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Mizuho initiated coverage on shares of McDonald’s Corporation in a research report on Thursday, June 8th. They set a “buy” rating and a $168.00 price objective for the company. Twelve investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $162.26.

McDonald’s Corporation 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 Corporation (NYSE:MCD)

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