Fort Washington Investment Advisors Inc. OH Lowers Stake in McDonald’s Corporation (NYSE:MCD)

Fort Washington Investment Advisors Inc. OH lowered its stake in McDonald’s Corporation (NYSE:MCD) by 0.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of MCD. Sowell Financial Services LLC purchased a new stake in McDonald’s Corporation during the fourth quarter valued at approximately $1,962,000. Assenagon Asset Management S.A. purchased a new stake in McDonald’s Corporation during the fourth quarter valued at approximately $5,605,000. AE Wealth Management LLC purchased a new stake in McDonald’s Corporation during the fourth quarter valued at approximately $1,100,000. Miles Capital Inc. purchased a new stake in McDonald’s Corporation during the fourth quarter valued at approximately $217,000. Finally, Thomas J. Herzfeld Advisors Inc. purchased a new stake in McDonald’s Corporation during the fourth quarter valued at approximately $131,000. Institutional investors own 67.52% of the company’s stock.

Shares of McDonald’s Corporation (MCD) opened at 154.97 on Tuesday. The stock has a 50 day moving average price of $154.15 and a 200 day moving average price of $139.07. The firm has a market capitalization of $126.31 billion, a PE ratio of 25.37 and a beta of 0.70. McDonald’s Corporation has a 52 week low of $110.33 and a 52 week high of $159.98.

McDonald’s Corporation (NYSE:MCD) last posted its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.08. The business had revenue of $6.05 billion for 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 266.50%. The business’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.45 EPS. Equities analysts forecast that McDonald’s Corporation will post $6.55 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.76 annualized dividend and a dividend yield of 2.43%. McDonald’s Corporation’s payout ratio is 61.54%.

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Several research firms have commented on MCD. Credit Suisse Group reiterated an “outperform” rating and set a $170.00 price objective (up from $165.00) on shares of McDonald’s Corporation in a research note on Wednesday, July 26th. Robert W. Baird set a $170.00 price target on McDonald’s Corporation and gave the company a “buy” rating in a research report on Wednesday, July 26th. Stephens restated an “overweight” rating and issued a $155.00 price target on shares of McDonald’s Corporation in a research report on Wednesday, July 26th. Morgan Stanley restated 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 target on McDonald’s Corporation and gave the company a “buy” rating in a research report on Wednesday, July 26th. Thirteen research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $162.16.

In related news, EVP Jerome N. Krulewitch sold 11,755 shares of McDonald’s Corporation stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $158.38, for a total transaction of $1,861,756.90. Following the transaction, the executive vice president now owns 11,755 shares in the company, valued at approximately $1,861,756.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Douglas M. Goare sold 17,286 shares of McDonald’s Corporation stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $2,739,831.00. The disclosure for this sale can be found here. Insiders have sold a total of 54,363 shares of company stock worth $8,615,125 in the last 90 days. Company 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.

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

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