Tokio Marine Asset Management Co. Ltd. Grows Holdings in McDonald’s Co. (NYSE:MCD)

Tokio Marine Asset Management Co. Ltd. boosted its stake in McDonald’s Co. (NYSE:MCD) by 6.8% in the 4th quarter, Holdings Channel reports. The firm owned 16,392 shares of the fast-food giant’s stock after purchasing an additional 1,050 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in McDonald’s were worth $4,860,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Impact Partnership Wealth LLC lifted its stake in McDonald’s by 479.4% during the 3rd quarter. Impact Partnership Wealth LLC now owns 394 shares of the fast-food giant’s stock worth $104,000 after acquiring an additional 326 shares in the last quarter. KFG Wealth Management LLC increased its stake in McDonald’s by 2.0% during the third quarter. KFG Wealth Management LLC now owns 2,540 shares of the fast-food giant’s stock worth $669,000 after purchasing an additional 49 shares during the period. Nikulski Financial Inc. lifted its position in shares of McDonald’s by 9.4% during the third quarter. Nikulski Financial Inc. now owns 10,190 shares of the fast-food giant’s stock worth $2,684,000 after purchasing an additional 873 shares in the last quarter. Private Trust Co. NA boosted its stake in shares of McDonald’s by 1.8% in the third quarter. Private Trust Co. NA now owns 15,479 shares of the fast-food giant’s stock valued at $4,078,000 after purchasing an additional 279 shares during the period. Finally, Avity Investment Management Inc. grew its holdings in shares of McDonald’s by 4.1% in the third quarter. Avity Investment Management Inc. now owns 2,178 shares of the fast-food giant’s stock valued at $574,000 after purchasing an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wedbush reiterated an “outperform” rating and set a $330.00 target price on shares of McDonald’s in a report on Tuesday, February 6th. Oppenheimer reissued a “market perform” rating on shares of McDonald’s in a research note on Friday, January 5th. Stephens restated an “overweight” rating and set a $320.00 price target on shares of McDonald’s in a report on Monday, February 5th. Morgan Stanley decreased their price objective on McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, Citigroup cut their target price on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. Nine analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $319.72.

McDonald’s Trading Down 0.0 %

Shares of McDonald’s stock traded down $0.13 during trading on Wednesday, reaching $276.75. The company’s stock had a trading volume of 4,005,918 shares, compared to its average volume of 3,254,401. The firm has a market cap of $199.54 billion, a PE ratio of 23.92, a P/E/G ratio of 3.03 and a beta of 0.71. The company has a 50-day moving average price of $282.38 and a two-hundred day moving average price of $281.41. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the prior year, the company earned $2.59 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. On average, analysts predict that McDonald’s Co. will post 12.33 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.41%. McDonald’s’s payout ratio is 57.74%.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

McDonald’s 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.