First City Capital Management Inc. Has $306,000 Holdings in McDonald’s Corporation (MCD)

First City Capital Management Inc. maintained its position in shares of McDonald’s Corporation (NYSE:MCD) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,362 shares of the fast-food giant’s stock at the end of the 1st quarter. First City Capital Management Inc.’s holdings in McDonald’s Corporation were worth $306,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its stake in shares of McDonald’s Corporation by 4.6% in the 1st quarter. Legal & General Group Plc now owns 4,241,304 shares of the fast-food giant’s stock valued at $549,720,000 after acquiring an additional 187,324 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of McDonald’s Corporation by 4.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 3,882,107 shares of the fast-food giant’s stock valued at $503,160,000 after acquiring an additional 174,209 shares in the last quarter. Swiss National Bank increased its stake in shares of McDonald’s Corporation by 18.0% in the 1st quarter. Swiss National Bank now owns 3,653,548 shares of the fast-food giant’s stock valued at $473,536,000 after acquiring an additional 558,300 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of McDonald’s Corporation by 0.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 1,881,094 shares of the fast-food giant’s stock valued at $243,570,000 after acquiring an additional 7,974 shares in the last quarter. Finally, TD Asset Management Inc. increased its stake in shares of McDonald’s Corporation by 2.2% in the 1st quarter. TD Asset Management Inc. now owns 1,576,141 shares of the fast-food giant’s stock valued at $204,284,000 after acquiring an additional 34,195 shares in the last quarter. Institutional investors own 67.96% of the company’s stock.

Shares of McDonald’s Corporation (NYSE MCD) traded up 0.87% during midday trading on Wednesday, reaching $157.69. The company had a trading volume of 2,719,098 shares. McDonald’s Corporation has a 12-month low of $110.33 and a 12-month high of $161.72. The company has a 50 day moving average of $157.53 and a 200 day moving average of $145.81. The firm has a market capitalization of $127.73 billion, a price-to-earnings ratio of 25.81 and a beta of 0.70.

McDonald’s Corporation (NYSE:MCD) last announced its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.08. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.96 billion. During the same period last year, the firm posted $1.45 earnings per share. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. Analysts anticipate that McDonald’s Corporation will post $6.55 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio (DPR) is currently 61.54%.

In other news, EVP Jerome N. Krulewitch sold 11,755 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.38, for a total value of $1,861,756.90. Following the transaction, the executive vice president now owns 11,755 shares of the company’s stock, valued at $1,861,756.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Douglas M. Goare sold 17,286 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total value of $2,739,831.00. The disclosure for this sale can be found here. Insiders sold 69,938 shares of company stock worth $11,033,009 in the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Several analysts recently issued reports on MCD shares. Nomura set a $172.00 price target on shares of McDonald’s Corporation and gave the company a “buy” rating in a research report on Wednesday, July 19th. Wells Fargo & Company reissued an “outperform” rating and issued a $175.00 price target (up previously 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 target on shares of McDonald’s Corporation and gave the company a “buy” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $174.00 price target on shares of McDonald’s Corporation and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Mizuho started coverage on shares of McDonald’s Corporation in a research report on Thursday, June 8th. They issued a “buy” rating and a $168.00 price target for the company. Twelve research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $162.26.

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McDonald’s Corporation 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.

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

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