FUKOKU MUTUAL LIFE INSURANCE Co Sells 311 Shares of McDonald’s Co. (NYSE:MCD)

FUKOKU MUTUAL LIFE INSURANCE Co lowered its holdings in McDonald’s Co. (NYSE:MCD) by 0.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,315 shares of the fast-food giant’s stock after selling 311 shares during the quarter. McDonald’s comprises approximately 2.3% of FUKOKU MUTUAL LIFE INSURANCE Co’s investment portfolio, making the stock its 10th largest holding. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in McDonald’s were worth $32,069,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCD. Quent Capital LLC increased its position in shares of McDonald’s by 10.4% in the first quarter. Quent Capital LLC now owns 3,006 shares of the fast-food giant’s stock valued at $848,000 after acquiring an additional 282 shares during the period. Brighton Jones LLC boosted its holdings in McDonald’s by 13.3% in the first quarter. Brighton Jones LLC now owns 7,645 shares of the fast-food giant’s stock valued at $2,156,000 after acquiring an additional 896 shares in the last quarter. Wintrust Investments LLC increased its position in McDonald’s by 3.9% during the 1st quarter. Wintrust Investments LLC now owns 6,621 shares of the fast-food giant’s stock valued at $1,867,000 after purchasing an additional 250 shares during the period. Banco Santander S.A. raised its holdings in McDonald’s by 3.1% in the 1st quarter. Banco Santander S.A. now owns 35,027 shares of the fast-food giant’s stock worth $9,876,000 after purchasing an additional 1,062 shares in the last quarter. Finally, Mizuho Markets Americas LLC lifted its position in shares of McDonald’s by 93.8% in the 1st quarter. Mizuho Markets Americas LLC now owns 34,077 shares of the fast-food giant’s stock worth $9,608,000 after purchasing an additional 16,497 shares during the period. Institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MCD. Tigress Financial raised their price objective on shares of McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Stifel Nicolaus dropped their price target on McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Evercore ISI increased their price objective on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Finally, Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Thirteen investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $319.46.

Insider Buying and Selling at McDonald’s

In related news, CMO Edith Morgan Flatley sold 2,346 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $310.00, for a total value of $727,260.00. Following the sale, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at approximately $900,550. This represents a 44.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,596 shares of company stock worth $10,698,289 over the last quarter. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Up 0.4 %

Shares of McDonald’s stock opened at $298.56 on Friday. The stock’s fifty day moving average is $299.79 and its two-hundred day moving average is $277.14. The company has a market capitalization of $213.95 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 3.95 and a beta of 0.74. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the previous year, the business earned $3.19 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, research analysts anticipate that McDonald’s Co. will post 11.77 earnings per share 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. This represents a $7.08 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend 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 presently 58.65%.

About McDonald’s

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.