McDonald’s Corporation (MCD) Holdings Reduced by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its position in McDonald’s Corporation (NYSE:MCD) by 0.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,836,323 shares of the fast-food giant’s stock after selling 7,654 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.23% of McDonald’s Corporation worth $281,251,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MCD. Jennison Associates LLC grew its stake in McDonald’s Corporation by 681.3% in the 2nd quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock worth $935,782,000 after acquiring an additional 5,327,778 shares during the period. Harbour Capital Advisors LLC boosted its holdings in shares of McDonald’s Corporation by 12,624.8% in the 2nd quarter. Harbour Capital Advisors LLC now owns 767,178 shares of the fast-food giant’s stock valued at $5,009,000 after purchasing an additional 761,149 shares during the last quarter. Private Vista LLC boosted its holdings in shares of McDonald’s Corporation by 7,878.0% in the 2nd quarter. Private Vista LLC now owns 692,806 shares of the fast-food giant’s stock valued at $657,000 after purchasing an additional 684,122 shares during the last quarter. Swiss National Bank boosted its holdings 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 purchasing an additional 558,300 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in shares of McDonald’s Corporation in the 1st quarter valued at $66,583,000. 69.01% of the stock is owned by hedge funds and other institutional investors.

MCD has been the topic of a number of research analyst reports. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $167.00 price target (up previously from $153.00) on shares of McDonald’s Corporation in a report on Friday, July 21st. Instinet reiterated a “buy” rating and issued a $172.00 price target (up previously from $161.00) on shares of McDonald’s Corporation in a report on Friday, July 21st. J P Morgan Chase & Co set a $170.00 price target on shares of McDonald’s Corporation and gave the company a “buy” rating in a report on Thursday, July 20th. BidaskClub lowered shares of McDonald’s Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, Argus reiterated a “buy” rating and issued a $175.00 price target (up previously from $158.00) on shares of McDonald’s Corporation in a report on Saturday, July 22nd. Eleven analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $169.96.

In related news, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the completion of the sale, the vice president now owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.24% of the stock is owned by corporate insiders.

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Shares of McDonald’s Corporation (NYSE MCD) opened at $167.32 on Thursday. 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 has a 1 year low of $117.71 and a 1 year high of $170.92. The firm has a market cap of $134,014.88, a PE ratio of 26.27, a P/E/G ratio of 2.75 and a beta of 0.67.

McDonald’s Corporation (NYSE:MCD) last announced 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 net margin of 24.19% and a negative return on equity of 216.45%. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.75 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. The company’s revenue for the quarter was down 10.4% compared to the same quarter last year. research analysts expect that McDonald’s Corporation will post 6.52 earnings per share for the current year.

The firm 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. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Thursday, November 30th. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s dividend payout ratio is currently 54.26%.

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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