McDonald's Corporation (NYSE:MCD) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Key Points

• Tokio Marine Asset Management increased its stake in McDonald's by 4.9%, owning a total of 21,505 shares valued at approximately $6.72 million.
• Institutional investors now hold 70.29% of McDonald's stock, with significant buys from First American Trust FSB and others boosting their positions in the first quarter.
• McDonald's reported $3.19 EPS for the last quarter, exceeding analysts' expectations, and announced a $1.77 quarterly dividend payable to stockholders in September.

Tokio Marine Asset Management Co. Ltd. lifted its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 4.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,505 shares of the fast-food giant's stock after purchasing an additional 1,003 shares during the quarter. Tokio Marine Asset Management Co. Ltd.'s holdings in McDonald's were worth $6,718,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MCD. Brighton Jones LLC increased its holdings 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 valued at $2,692,000 after purchasing 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 during 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 during the last quarter. GHE LLC increased its stake in McDonald's by 0.9% during the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock worth $4,255,000 after acquiring an additional 136 shares during the last quarter. Finally, Cohen & Steers Inc. increased its stake in McDonald's by 5.3% during the fourth quarter. Cohen & Steers Inc. now owns 1,972 shares of the fast-food giant's stock worth $572,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Activity at McDonald's

In other McDonald's news, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm'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 directly owned 8,754 shares in the company, valued at $2,713,740. This trade represents a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $281,221.11. Following the completion of the sale, the insider owned 9,283 shares in the company, valued at approximately $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,280 shares of company stock worth $2,215,178. Company insiders own 0.25% of the company's stock.

McDonald's Trading Up 1.2%

NYSE:MCD traded up $3.57 during midday trading on Thursday, reaching $308.64. The company had a trading volume of 4,698,548 shares, compared to its average volume of 3,468,737. The firm has a market capitalization of $220.25 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 3.11 and a beta of 0.52. The stock's fifty day simple moving average is $298.03 and its 200-day simple moving average is $304.85. McDonald's Corporation has a 12-month low of $271.85 and a 12-month high of $326.32.

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

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $1.77 dividend. The ex-dividend date 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 (DPR) is 60.67%.

Analysts Set New Price Targets

Several research firms have issued reports on MCD. Guggenheim reissued a "neutral" rating on shares of McDonald's in a research note on Friday, August 8th. Truist Financial raised their target price on McDonald's from $356.00 to $360.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Robert W. Baird raised their target price on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Melius began coverage on McDonald's in a research note on Monday, July 14th. They set a "sell" rating and a $250.00 target price for the company. Finally, TD Cowen raised their target price on McDonald's from $305.00 to $315.00 and gave the stock a "hold" rating in a research note on Wednesday, August 6th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price 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.