Nissay Asset Management Corp Japan ADV Purchases 1,035 Shares of McDonald's Corporation $MCD

Key Points

• Nissay Asset Management Corp Japan ADV increased its holdings in McDonald's by 1.2% in Q1, now owning 88,024 shares worth approximately $27.5 million.
• In a recent SEC filing, McDonald's reported $3.19 earnings per share for the quarter, exceeding analyst expectations, with revenues rising by 5.4% compared to the previous year.
• The company declared a quarterly dividend of $1.77 per share, with an ex-dividend date of September 2nd, resulting in an annualized yield of 2.2%.

Nissay Asset Management Corp Japan ADV raised its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 1.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 88,024 shares of the fast-food giant's stock after acquiring an additional 1,035 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in McDonald's were worth $27,496,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MCD. First American Trust FSB raised its holdings in McDonald's by 55.9% during the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant's stock worth $11,532,000 after acquiring an additional 13,234 shares in the last quarter. Banque Transatlantique SA raised its stake in McDonald's by 58.0% in the first quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant's stock valued at $71,829,000 after buying an additional 91,313 shares during the period. Red Door Wealth Management LLC raised its stake in McDonald's by 1.9% in the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock valued at $1,788,000 after buying an additional 109 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in McDonald's by 5.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock valued at $107,867,000 after buying an additional 18,393 shares during the period. Finally, Sagespring Wealth Partners LLC raised its stake in McDonald's by 22.9% in the first quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant's stock valued at $5,381,000 after buying an additional 3,212 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald's Price Performance

NYSE:MCD traded down $2.69 during trading hours on Friday, reaching $314.30. 2,533,016 shares of the company were exchanged, compared to its average volume of 2,957,240. The company has a market capitalization of $224.28 billion, a P/E ratio of 26.93, a P/E/G ratio of 3.20 and a beta of 0.49. McDonald's Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The business has a 50 day moving average of $303.87 and a 200 day moving average of $306.51.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.15 by $0.04. The business had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The firm's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.97 earnings per share. As a group, equities research analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. McDonald's's dividend payout ratio is currently 60.67%.

Insiders Place Their Bets

In other McDonald's news, EVP Jonathan Banner sold 1,000 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the sale, the executive vice president directly owned 99 shares in the company, valued at $30,690. This represents a 90.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the sale, the executive vice president owned 8,754 shares of the company's stock, valued at $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,341 shares of company stock valued at $2,544,327 over the last ninety days. Company insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

MCD has been the topic of several research analyst reports. Redburn Atlantic restated a "sell" rating and issued a $260.00 price objective (down previously from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. JPMorgan Chase & Co. upped their target price on McDonald's from $305.00 to $310.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. BMO Capital Markets upped their target price on McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a research report on Thursday. KeyCorp reaffirmed an "overweight" rating and issued a $335.00 target price (up previously from $325.00) on shares of McDonald's in a research report on Thursday, August 7th. Finally, Evercore ISI upped their target price on McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Twelve research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, McDonald's presently has a consensus rating of "Hold" and an average price target of $325.35.

About McDonald's

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.