McDonald’s Corporation $MCD Shares Acquired by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. lifted its stake in shares of McDonald’s Corporation (NYSE:MCD) by 236.7% during the third quarter, Holdings Channel reports. The fund owned 6,502 shares of the fast-food giant’s stock after acquiring an additional 4,571 shares during the period. Global X Japan Co. Ltd.’s holdings in McDonald’s were worth $1,976,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nova Wealth Management Inc. purchased a new stake in McDonald’s during the 1st quarter worth about $26,000. HFM Investment Advisors LLC purchased a new stake in shares of McDonald’s during the first quarter worth approximately $26,000. Decker Retirement Planning Inc. raised its holdings in McDonald’s by 142.9% in the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after acquiring an additional 50 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in McDonald’s in the second quarter worth approximately $25,000. Finally, GFG Capital LLC acquired a new position in McDonald’s during the 2nd quarter worth approximately $29,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Stock Down 1.7%

MCD opened at $310.96 on Wednesday. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The business’s 50 day moving average is $307.64 and its two-hundred day moving average is $303.89. The firm has a market cap of $221.45 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 3.52 and a beta of 0.52.

McDonald’s (NYSE:MCD) last posted 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). 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 32.04% and a negative return on equity of 280.89%. McDonald’s’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.23 earnings per share. Equities analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

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

Insider Buying and Selling at McDonald’s

In other news, EVP Manuel Jm Steijaert sold 13,134 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total value of $3,945,716.28. Following the completion of the sale, the executive vice president directly owned 4,606 shares of the company’s stock, valued at approximately $1,383,734.52. This represents a 74.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ian Frederick Borden sold 17,134 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $310.00, for a total value of $5,311,540.00. Following the transaction, 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 SEC filing for this sale provides additional information. In the last three months, insiders have sold 42,516 shares of company stock valued at $13,036,090. Company insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of analyst reports. KeyCorp restated an “overweight” rating and issued a $335.00 price objective on shares of McDonald’s in a report on Monday, October 20th. Citigroup cut their price target on McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, October 21st. Mizuho raised McDonald’s to a “hold” rating in a report on Tuesday, October 28th. Morgan Stanley set a $335.00 price objective on McDonald’s in a report on Friday, October 17th. Finally, Truist Financial cut their target price on McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. Eleven equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $324.57.

McDonald’s Company Profile

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.