Daiwa Securities Group Inc. Acquires 3,289 Shares of McDonald’s Corporation $MCD

Daiwa Securities Group Inc. increased its holdings in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 1.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 200,443 shares of the fast-food giant’s stock after buying an additional 3,289 shares during the quarter. Daiwa Securities Group Inc.’s holdings in McDonald’s were worth $61,261,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Your Advocates Ltd. LLP bought a new stake in shares of McDonald’s during the 4th quarter worth approximately $27,000. Park Place Capital Corp lifted its stake in shares of McDonald’s by 95.7% during the 4th quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock worth $28,000 after acquiring an additional 45 shares during the last quarter. DecisionPoint Financial LLC lifted its stake in shares of McDonald’s by 1,616.7% during the 4th quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock worth $31,000 after acquiring an additional 97 shares during the last quarter. Entrust Financial LLC bought a new stake in shares of McDonald’s during the 4th quarter worth approximately $31,000. Finally, Painted Porch Advisors LLC lifted its stake in shares of McDonald’s by 735.7% during the 3rd quarter. Painted Porch Advisors LLC now owns 117 shares of the fast-food giant’s stock worth $36,000 after acquiring an additional 103 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Desiree Ralls-Morrison sold 2,763 shares of McDonald’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $278.36, for a total value of $769,108.68. Following the transaction, the executive vice president directly owned 6,268 shares in the company, valued at approximately $1,744,760.48. This trade represents a 30.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 2,626 shares of McDonald’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $307.00, for a total value of $806,182.00. Following the completion of the transaction, the insider owned 8,400 shares in the company, valued at $2,578,800. This represents a 23.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,681 shares of company stock worth $2,631,594 over the last quarter. Company insiders own 0.26% of the company’s stock.

More McDonald’s News

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

Analysts Set New Price Targets

MCD has been the subject of a number of research analyst reports. Guggenheim decreased their price target on McDonald’s from $325.00 to $320.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. Jefferies Financial Group lifted their target price on McDonald’s from $360.00 to $375.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Wells Fargo & Company decreased their target price on McDonald’s from $355.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Barclays decreased their target price on McDonald’s from $380.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Finally, Weiss Ratings lowered McDonald’s from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 29th. Sixteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $335.50.

View Our Latest Report on McDonald’s

McDonald’s Stock Down 0.2%

Shares of NYSE MCD opened at $272.65 on Friday. The business has a fifty day simple moving average of $292.61 and a two-hundred day simple moving average of $307.73. The firm has a market cap of $193.72 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 2.72 and a beta of 0.41. McDonald’s Corporation has a twelve month low of $271.85 and a twelve month high of $341.75.

McDonald’s (NYSE:MCDGet Free Report) last issued its earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.09. The business had revenue of $6.52 billion during the quarter, compared to analyst estimates of $6.47 billion. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.McDonald’s’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.67 EPS. On average, research analysts expect that McDonald’s Corporation will post 12.93 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd will be issued a $1.86 dividend. The ex-dividend date is Tuesday, June 2nd. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.7%. McDonald’s’s dividend payout ratio (DPR) is currently 61.34%.

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.

Further Reading

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

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