McDonald's Corporation $MCD Stock Position Raised by Asset Management One Co. Ltd.

Key Points

• Asset Management One Co. Ltd. increased its stake in McDonald's Corporation by 0.9% during the second quarter, now owning 418,239 shares valued at approximately $122.2 million.
• McDonald’s announced a quarterly dividend increase to $1.86 per share, which is a boost from the previous dividend of $1.77, and will be paid on December 15th.
• MCD shares recently opened at $307.01, and the company reported a quarterly EPS of $3.19, exceeding analyst expectations.

Asset Management One Co. Ltd. raised its position in McDonald's Corporation (NYSE:MCD - Free Report) by 0.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 418,239 shares of the fast-food giant's stock after purchasing an additional 3,818 shares during the quarter. Asset Management One Co. Ltd. owned about 0.06% of McDonald's worth $122,197,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Nova Wealth Management Inc. bought a new position in shares of McDonald's in the first quarter valued at approximately $26,000. HFM Investment Advisors LLC purchased a new stake in shares of McDonald's in the 1st quarter valued at approximately $26,000. Abound Financial LLC purchased a new stake in shares of McDonald's in the 1st quarter valued at approximately $30,000. GFG Capital LLC purchased a new stake in McDonald's in the 2nd quarter worth approximately $29,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in McDonald's in the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Buying and Selling

In related news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the transaction, the chief marketing officer owned 6,858 shares in the company, valued at $2,160,270. This trade represents a 12.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the transaction, the executive vice president owned 8,754 shares in the company, valued at approximately $2,713,740. The trade was a 22.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,463 shares of company stock worth $1,692,186 in the last quarter. 0.25% of the stock is currently owned by company insiders.

McDonald's Price Performance

Shares of MCD opened at $307.01 on Friday. The company has a market capitalization of $219.08 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 3.28 and a beta of 0.50. McDonald's Corporation has a one year low of $276.53 and a one year high of $326.32. The company's fifty day moving average price is $306.55 and its 200 day moving average price is $305.56.

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

McDonald's Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $1.86 dividend. This is a boost from McDonald's's previous quarterly dividend of $1.77. The ex-dividend date is Monday, December 1st. This represents a $7.44 annualized dividend and a yield of 2.4%. McDonald's's payout ratio is 60.67%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MCD. Citigroup cut their price target on shares of McDonald's from $381.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday. Royal Bank Of Canada began coverage on shares of McDonald's in a report on Wednesday, October 8th. They set a "sector perform" rating and a $320.00 price target on the stock. Stifel Nicolaus raised their price target on shares of McDonald's from $300.00 to $315.00 and gave the company a "hold" rating in a report on Friday, August 22nd. Weiss Ratings restated a "buy (b)" rating on shares of McDonald's in a report on Wednesday, October 8th. Finally, Melius started coverage on shares of McDonald's in a report on Monday, July 14th. They set a "sell" rating and a $250.00 price target on the stock. Eleven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $324.50.

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.

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