McDonald’s Corporation (MCD) Holdings Lifted by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. boosted its holdings in McDonald’s Corporation (NYSE:MCD) by 6.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,228 shares of the fast-food giant’s stock after purchasing an additional 2,690 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in McDonald’s Corporation were worth $6,468,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Proficio Capital Partners LLC boosted its stake in McDonald’s Corporation by 0.7% in the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after purchasing an additional 5 shares during the period. Valmark Advisers Inc. boosted its stake in McDonald’s Corporation by 0.3% in the 2nd quarter. Valmark Advisers Inc. now owns 2,381 shares of the fast-food giant’s stock worth $365,000 after purchasing an additional 8 shares during the period. Advisors Preferred LLC boosted its stake in McDonald’s Corporation by 0.5% in the 2nd quarter. Advisors Preferred LLC now owns 2,850 shares of the fast-food giant’s stock worth $437,000 after purchasing an additional 14 shares during the period. Capital Investment Advisory Services LLC boosted its stake in McDonald’s Corporation by 1.2% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 1,568 shares of the fast-food giant’s stock worth $240,000 after purchasing an additional 18 shares during the period. Finally, MCF Advisors LLC boosted its stake in McDonald’s Corporation by 0.6% in the 2nd quarter. MCF Advisors LLC now owns 3,417 shares of the fast-food giant’s stock worth $523,000 after purchasing an additional 19 shares during the period. Institutional investors and hedge funds own 68.03% of the company’s stock.

In related news, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the sale, the vice president now owns 15,739 shares of the company’s stock, valued at $2,596,935. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP David Ogden Fairhurst sold 4,782 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $157.05, for a total value of $751,013.10. Following the completion of the sale, the executive vice president now directly owns 6,954 shares of the company’s stock, valued at approximately $1,092,125.70. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.

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Shares of McDonald’s Corporation (NYSE MCD) opened at $165.59 on Friday. McDonald’s Corporation has a 12-month low of $114.17 and a 12-month high of $170.92. The firm has a market capitalization of $133,130.00, a PE ratio of 26.09, a P/E/G ratio of 2.73 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28.

McDonald’s Corporation (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.01. McDonald’s Corporation had a negative return on equity of 216.45% and a net margin of 24.19%. The company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.75 billion. During the same quarter last year, the company earned $1.62 earnings per share. The firm’s revenue for the quarter was down 10.4% compared to the same quarter last year. equities analysts expect that McDonald’s Corporation will post 6.52 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $1.01 per share. The ex-dividend date is Thursday, November 30th. This represents a $4.04 dividend on an annualized basis and a yield of 2.44%. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s dividend payout ratio (DPR) is presently 54.26%.

A number of research firms have recently commented on MCD. Longbow Research reiterated a “neutral” rating on shares of McDonald’s Corporation in a research report on Saturday, July 22nd. Jefferies Group LLC reiterated a “hold” rating and set a $140.00 target price on shares of McDonald’s Corporation in a research report on Wednesday, July 19th. Bank of America Corporation reiterated a “buy” rating and set a $175.00 target price on shares of McDonald’s Corporation in a research report on Monday, August 14th. Barclays PLC set a $164.00 target price on McDonald’s Corporation and gave the company a “buy” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research downgraded McDonald’s Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Eleven investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $169.96.

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.

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

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