McDonald’s Corporation $MCD Stake Raised by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 365,619 shares of the fast-food giant’s stock after purchasing an additional 2,556 shares during the period. McDonald’s makes up 0.9% of Sumitomo Mitsui DS Asset Management Company Ltd’s portfolio, making the stock its 18th biggest holding. Sumitomo Mitsui DS Asset Management Company Ltd owned 0.05% of McDonald’s worth $111,108,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. 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 buying an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of McDonald’s by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after acquiring an additional 52 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of McDonald’s during the first quarter worth $368,000. Jones Financial Companies Lllp raised its position in shares of McDonald’s by 24.6% during the first quarter. Jones Financial Companies Lllp now owns 173,782 shares of the fast-food giant’s stock worth $53,483,000 after purchasing an additional 34,319 shares during the period. Finally, Nova Wealth Management Inc. purchased a new stake in shares of McDonald’s during the first quarter valued at $26,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, EVP Manuel Jm Steijaert sold 13,134 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total transaction of $3,945,716.28. Following the completion of the transaction, the executive vice president directly owned 4,606 shares of the company’s stock, valued at $1,383,734.52. This trade represents a 74.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ian Frederick Borden sold 17,134 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $310.00, for a total transaction of $5,311,540.00. Following the completion of the sale, the chief financial officer directly owned 26,353 shares in the company, valued at approximately $8,169,430. This represents a 39.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 42,516 shares of company stock valued at $13,036,090 in the last ninety days. Corporate insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on MCD. Wells Fargo & Company raised their target price on shares of McDonald’s from $340.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Royal Bank Of Canada initiated coverage on shares of McDonald’s in a report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price objective on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of McDonald’s in a report on Friday, October 31st. Guggenheim boosted their price target on McDonald’s from $295.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday, November 19th. Finally, Barclays upped their price objective on shares of McDonald’s from $358.00 to $372.00 and gave the stock an “overweight” rating in a research note on Wednesday. Thirteen analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $328.88.

View Our Latest Stock Analysis on McDonald’s

McDonald’s Stock Performance

MCD opened at $307.27 on Friday. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The firm has a market cap of $218.82 billion, a PE ratio of 26.22, a price-to-earnings-growth ratio of 3.07 and a beta of 0.53. The firm’s fifty day moving average is $307.93 and its two-hundred day moving average is $304.78.

McDonald’s (NYSE:MCDGet Free Report) last released its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.11). McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. The business had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter last year, the firm earned $3.23 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $1.86 per share. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, December 1st. McDonald’s’s payout ratio is currently 63.48%.

Key Headlines Impacting McDonald’s

Here are the key news stories impacting McDonald’s this week:

McDonald’s Company Profile

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

See Also

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.