McDonald’s Co. (NYSE:MCD) Shares Purchased by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. grew its holdings in shares of McDonald’s Co. (NYSE:MCD) by 8.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,665 shares of the fast-food giant’s stock after acquiring an additional 133 shares during the period. Global X Japan Co. Ltd.’s holdings in McDonald’s were worth $507,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MCD. Weaver Capital Management LLC grew its stake in McDonald’s by 5.5% during the 3rd quarter. Weaver Capital Management LLC now owns 8,054 shares of the fast-food giant’s stock valued at $2,453,000 after purchasing an additional 423 shares in the last quarter. Saxony Capital Management LLC acquired a new stake in shares of McDonald’s during the third quarter worth approximately $243,000. Segment Wealth Management LLC increased its stake in shares of McDonald’s by 4.3% in the third quarter. Segment Wealth Management LLC now owns 53,836 shares of the fast-food giant’s stock worth $16,394,000 after buying an additional 2,229 shares during the last quarter. BLB&B Advisors LLC increased its stake in shares of McDonald’s by 2.4% in the third quarter. BLB&B Advisors LLC now owns 37,456 shares of the fast-food giant’s stock worth $11,406,000 after buying an additional 869 shares during the last quarter. Finally, Tempus Wealth Planning LLC raised its holdings in McDonald’s by 3.2% in the third quarter. Tempus Wealth Planning LLC now owns 1,243 shares of the fast-food giant’s stock valued at $378,000 after acquiring an additional 38 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Truist Financial boosted their target price on shares of McDonald’s from $295.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Evercore ISI upped their price objective on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Guggenheim downgraded McDonald’s from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $290.00 to $285.00 in a report on Wednesday. Wells Fargo & Company boosted their price target on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday. Finally, Wedbush restated an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a research note on Wednesday. Twelve investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $318.22.

Insider Transactions at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 11,727 shares of McDonald’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the transaction, the chief executive officer now directly owns 49,885 shares of the company’s stock, valued at $14,966,996.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CMO Edith Morgan Flatley sold 2,346 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $310.00, for a total transaction of $727,260.00. Following the completion of the sale, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at $900,550. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total value of $3,518,451.81. Following the sale, the chief executive officer now directly owns 49,885 shares in the company, valued at $14,966,996.55. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,998 shares of company stock valued at $9,935,493. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

NYSE:MCD opened at $314.65 on Wednesday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The business has a fifty day moving average of $296.41 and a 200-day moving average of $274.34. The stock has a market cap of $226.76 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 4.05 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.17 earnings per share. On average, equities research analysts predict that McDonald’s Co. will post 11.71 EPS for the current year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, December 2nd. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a dividend yield of 2.25%. McDonald’s’s dividend payout ratio (DPR) is 60.10%.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.