Global X Japan Co. Ltd. Has $507,000 Holdings in McDonald’s Co. (NYSE:MCD)

Global X Japan Co. Ltd. increased its position in McDonald’s Co. (NYSE:MCD) by 8.7% in the third quarter, HoldingsChannel reports. The firm 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Research Global Investors lifted its holdings in shares of McDonald’s by 66.9% during the 1st quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant’s stock valued at $1,542,550,000 after buying an additional 2,193,769 shares during the last quarter. Swedbank AB acquired a new stake in McDonald’s in the first quarter valued at approximately $348,206,000. Capital World Investors grew its position in McDonald’s by 39.7% in the first quarter. Capital World Investors now owns 3,565,398 shares of the fast-food giant’s stock worth $1,005,264,000 after acquiring an additional 1,012,534 shares in the last quarter. Mondrian Investment Partners LTD bought a new stake in McDonald’s in the second quarter worth approximately $110,321,000. Finally, National Bank of Canada FI raised its holdings in shares of McDonald’s by 56.2% during the 1st quarter. National Bank of Canada FI now owns 1,123,132 shares of the fast-food giant’s stock valued at $308,878,000 after purchasing an additional 403,958 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on MCD shares. Bank of America increased their target price on shares of McDonald’s from $308.00 to $322.00 and gave the stock a “neutral” rating in a research report on Monday. Wedbush reissued an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a research note on Wednesday. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $290.00 to $285.00 in a research report on Wednesday. TD Cowen reissued a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research report on Wednesday. Finally, The Goldman Sachs Group upped their price objective on shares of McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Twelve investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $318.22.

Insider Activity

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

McDonald’s Stock Down 0.1 %

Shares of MCD opened at $314.65 on Wednesday. The stock’s fifty day simple moving average is $296.41 and its 200-day simple moving average is $274.34. The firm has a market capitalization of $226.76 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 4.05 and a beta of 0.73. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90.

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

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Monday, December 2nd. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s payout ratio is currently 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.