Mizuho Securities USA LLC Has $17.92 Million Position in McDonald's Corporation (NYSE:MCD)

Key Points

• Mizuho Securities USA LLC has reduced its stake in McDonald's Corporation by 15.5%, falling to approximately $17.92 million in holdings.
• McDonald's announced a quarterly dividend of $1.77 per share, with an annualized yield of 2.3%, to be paid on September 16th.
• The company's stock price is currently down 0.7%, with a market capitalization of $218.09 billion and a price-to-earnings ratio of 26.19.

Mizuho Securities USA LLC cut its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 15.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 57,380 shares of the fast-food giant's stock after selling 10,539 shares during the quarter. Mizuho Securities USA LLC's holdings in McDonald's were worth $17,924,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MCD. Brighton Jones LLC raised its stake in shares of McDonald's by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock worth $2,692,000 after acquiring an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of McDonald's by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after purchasing an additional 52 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of McDonald's by 15.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock valued at $60,722,000 after purchasing an additional 27,774 shares in the last quarter. GHE LLC raised its position in McDonald's by 0.9% in the 4th quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock worth $4,255,000 after purchasing an additional 136 shares during the last quarter. Finally, F M Investments LLC lifted its holdings in McDonald's by 39.5% during the 4th quarter. F M Investments LLC now owns 7,928 shares of the fast-food giant's stock worth $2,298,000 after buying an additional 2,244 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at McDonald's

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the transaction, the insider directly owned 9,283 shares of the company's stock, valued at approximately $2,780,165.67. This trade represents a 9.19% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,280 shares of company stock valued at $2,215,178. 0.25% of the stock is owned by insiders.

McDonald's Stock Down 0.7%

Shares of MCD stock opened at $305.62 on Friday. McDonald's Corporation has a 12-month low of $265.33 and a 12-month high of $326.32. The firm has a fifty day moving average of $298.57 and a 200-day moving average of $304.33. The company has a market capitalization of $218.09 billion, a price-to-earnings ratio of 26.19, a P/E/G ratio of 3.21 and a beta of 0.52.

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

McDonald's Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have commented on MCD. KeyCorp reiterated an "overweight" rating and issued a $335.00 price objective (up from $325.00) on shares of McDonald's in a research report on Thursday. Redburn Atlantic reissued a "sell" rating and set a $260.00 price objective (down from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. TD Securities reaffirmed a "hold" rating and issued a $305.00 target price on shares of McDonald's in a research note on Thursday, June 5th. 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, The Goldman Sachs Group upgraded shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price objective on the stock in a report on Thursday, July 10th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $326.87.

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.

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