Mitsubishi UFJ Asset Management Co. Ltd. Has $439.23 Million Position in McDonald’s Corporation $MCD

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of McDonald’s Corporation (NYSE:MCD) by 6.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,503,332 shares of the fast-food giant’s stock after purchasing an additional 91,582 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.21% of McDonald’s worth $439,229,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its position in McDonald’s by 21.6% during 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 raised its stake in shares of McDonald’s by 2.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after purchasing an additional 52 shares in the last quarter. SSA Swiss Advisors AG acquired a new stake in shares of McDonald’s during the 1st quarter valued at about $175,000. LBP AM SA acquired a new stake in shares of McDonald’s during the 1st quarter valued at about $3,667,000. Finally, Allworth Financial LP grew its stake in shares of McDonald’s by 3.3% in the 1st quarter. Allworth Financial LP now owns 46,007 shares of the fast-food giant’s stock valued at $14,548,000 after buying an additional 1,450 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 0.4%

Shares of MCD stock opened at $299.71 on Friday. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The company has a market capitalization of $213.88 billion, a P/E ratio of 25.68, a P/E/G ratio of 3.23 and a beta of 0.50. The stock has a 50 day moving average of $304.39 and a two-hundred day moving average of $305.13.

McDonald’s (NYSE:MCD) last issued its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The firm had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.10 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.23 earnings per share. Sell-side analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s payout ratio is 63.48%.

Insider Activity

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer owned 6,858 shares of the company’s stock, valued at $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 99 shares of the company’s stock, valued at $30,690. This trade represents a 90.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 15,134 shares of company stock worth $4,570,716. Corporate insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MCD shares. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a report on Friday, October 24th. Wells Fargo & Company boosted their price objective on McDonald’s from $340.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday. Robert W. Baird increased their target price on McDonald’s from $322.00 to $325.00 and gave the company a “neutral” rating in a research note on Thursday. Barclays lowered their target price on McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Bank of America cut their price target on McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a report on Friday, July 18th. Eleven investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, McDonald’s presently has a consensus rating of “Hold” and a consensus price target of $323.91.

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.