Canandaigua National Bank & Trust Co. Has $5.38 Million Holdings in McDonald’s Corporation (MCD)

Canandaigua National Bank & Trust Co. lessened its stake in shares of McDonald’s Corporation (NYSE:MCD) by 3.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,134 shares of the fast-food giant’s stock after selling 1,096 shares during the quarter. McDonald’s Corporation comprises about 1.1% of Canandaigua National Bank & Trust Co.’s investment portfolio, making the stock its 23rd biggest position. Canandaigua National Bank & Trust Co.’s holdings in McDonald’s Corporation were worth $5,381,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the business. Jennison Associates LLC grew its holdings in McDonald’s Corporation by 681.3% during the 2nd quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock valued at $935,782,000 after buying an additional 5,327,778 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of McDonald’s Corporation by 3.5% during the 2nd quarter. Legal & General Group Plc now owns 4,388,893 shares of the fast-food giant’s stock worth $672,205,000 after purchasing an additional 147,589 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of McDonald’s Corporation by 3.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,009,947 shares of the fast-food giant’s stock worth $614,164,000 after purchasing an additional 127,840 shares during the period. Swiss National Bank lifted its stake in shares of McDonald’s Corporation by 18.0% during the 1st quarter. Swiss National Bank now owns 3,653,548 shares of the fast-food giant’s stock worth $473,536,000 after purchasing an additional 558,300 shares during the period. Finally, Prudential Financial Inc. lifted its stake in shares of McDonald’s Corporation by 6.8% during the 2nd quarter. Prudential Financial Inc. now owns 2,805,231 shares of the fast-food giant’s stock worth $429,649,000 after purchasing an additional 179,334 shares during the period. Hedge funds and other institutional investors own 69.01% of the company’s stock.

In related news, VP James R. Sappington sold 8,046 shares of McDonald’s Corporation stock in a transaction dated 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 transaction, the vice president now directly owns 15,739 shares in the company, valued at $2,596,935. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is currently owned by company insiders.

McDonald’s Corporation (NYSE MCD) opened at $168.11 on Wednesday. The company has a market capitalization of $133,424.95, a PE ratio of 26.15, a P/E/G ratio of 2.74 and a beta of 0.67. McDonald’s Corporation has a 52 week low of $117.02 and a 52 week high of $170.92. 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 posted its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.01. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.75 billion. McDonald’s Corporation had a negative return on equity of 216.45% and a net margin of 24.19%. The company’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period last year, the firm earned $1.62 earnings per share. analysts anticipate that McDonald’s Corporation will post 6.52 EPS for the current fiscal year.

The company also recently declared 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. This represents a $4.04 dividend on an annualized basis and a yield of 2.40%. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, November 30th. McDonald’s Corporation’s dividend payout ratio (DPR) is 54.26%.

A number of research analysts have weighed in on MCD shares. Jefferies Group LLC reissued a “hold” rating and set a $140.00 price target on shares of McDonald’s Corporation in a research note on Wednesday, July 19th. Nomura set a $172.00 price target on McDonald’s Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Barclays PLC set a $164.00 price target on McDonald’s Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Morgan Stanley set a $150.00 price target on McDonald’s Corporation and gave the stock a “neutral” rating in a research note on Wednesday, July 19th. Finally, J P Morgan Chase & Co set a $170.00 price target on McDonald’s Corporation and gave the stock a “buy” rating in a research note on Thursday, July 20th. Eleven investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. McDonald’s Corporation has a consensus rating of “Buy” and a consensus target price of $169.96.

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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.

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

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