Asset Management One Co. Ltd. Buys 21,605 Shares of McDonald's Corporation (NYSE:MCD)

Asset Management One Co. Ltd. raised its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 5.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 414,421 shares of the fast-food giant's stock after acquiring an additional 21,605 shares during the period. Asset Management One Co. Ltd. owned approximately 0.06% of McDonald's worth $129,453,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of MCD. Norges Bank purchased a new position in McDonald's in the 4th quarter worth approximately $2,725,190,000. GAMMA Investing LLC increased its stake in McDonald's by 39,039.7% in the first quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock valued at $1,092,645,000 after acquiring an additional 3,488,982 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in McDonald's during the fourth quarter valued at about $703,074,000. Castlekeep Investment Advisors LLC bought a new stake in McDonald's during the fourth quarter worth about $350,935,000. Finally, Northern Trust Corp boosted its holdings in shares of McDonald's by 11.2% in the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock worth $2,570,511,000 after purchasing an additional 895,896 shares in the last quarter. Institutional investors own 70.29% of the company's stock.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the completion of the transaction, the insider now owns 11,161 shares of the company's stock, valued at $3,516,496.27. The trade was a 7.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 2,817 shares of company stock worth $865,843. 0.25% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MCD. BMO Capital Markets reissued an "outperform" rating and set a $345.00 price objective (up from $340.00) on shares of McDonald's in a report on Monday, May 5th. Truist Financial set a $350.00 price objective on shares of McDonald's in a research note on Friday, May 2nd. Northcoast Research lowered shares of McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. Erste Group Bank downgraded shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Redburn Atlantic reaffirmed a "sell" rating and set a $260.00 price objective (down from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $321.79.

McDonald's Trading Down 2.0%

MCD traded down $5.69 during trading on Wednesday, reaching $285.78. The stock had a trading volume of 4,189,934 shares, compared to its average volume of 3,520,887. McDonald's Corporation has a one year low of $243.53 and a one year high of $326.32. The company has a market capitalization of $204.34 billion, a price-to-earnings ratio of 25.22, a P/E/G ratio of 3.02 and a beta of 0.56. The stock's 50 day moving average is $309.60 and its two-hundred day moving average is $302.72.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting the consensus estimate of $2.67. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the previous year, the firm posted $2.70 earnings per share. McDonald's's quarterly revenue was down 3.5% on a year-over-year basis. On average, equities research analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date was Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

McDonald's Company Profile

McDonald's Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.