McDonald’s Co. (NYSE:MCD) Stock Position Increased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. grew its holdings in McDonald’s Co. (NYSE:MCD) by 7.5% in the third quarter, Holdings Channel.com reports. The firm owned 19,808 shares of the fast-food giant’s stock after purchasing an additional 1,386 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in McDonald’s were worth $6,032,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MCD. Metis Global Partners LLC grew its position in McDonald’s by 3.6% during the 3rd quarter. Metis Global Partners LLC now owns 46,578 shares of the fast-food giant’s stock worth $14,183,000 after acquiring an additional 1,626 shares during the last quarter. Curi RMB Capital LLC raised its holdings in shares of McDonald’s by 22.6% in the 3rd quarter. Curi RMB Capital LLC now owns 8,172 shares of the fast-food giant’s stock valued at $2,489,000 after purchasing an additional 1,509 shares during the period. Planning Capital Management Corp grew its stake in McDonald’s by 5.1% in the 3rd quarter. Planning Capital Management Corp now owns 15,714 shares of the fast-food giant’s stock valued at $4,785,000 after buying an additional 767 shares during the last quarter. Wealthstream Advisors Inc. increased its stake in McDonald’s by 9.1% during the 3rd quarter. Wealthstream Advisors Inc. now owns 1,277 shares of the fast-food giant’s stock worth $389,000 after acquiring an additional 107 shares during the period. Finally, ROI Financial Advisors LLC bought a new stake in shares of McDonald’s during the third quarter worth $292,000. Institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the subject of several analyst reports. Truist Financial lowered their target price on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Citigroup upped their price objective on shares of McDonald’s from $301.00 to $317.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Jefferies Financial Group lifted their price target on shares of McDonald’s from $310.00 to $330.00 and gave the company a “buy” rating in a report on Monday, September 9th. Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets upped their price target on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Thirteen research 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 currently has an average rating of “Moderate Buy” and an average target price of $319.46.

McDonald’s Stock Up 0.1 %

Shares of MCD stock traded up $0.37 on Thursday, reaching $297.72. The company had a trading volume of 107,458 shares, compared to its average volume of 3,498,813. The stock has a market capitalization of $213.35 billion, a PE ratio of 26.10, a price-to-earnings-growth ratio of 3.97 and a beta of 0.74. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The business’s 50-day moving average is $299.79 and its 200 day moving average is $277.14.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the prior year, the business posted $3.19 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts forecast that McDonald’s Co. will post 11.77 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.38%. 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 58.65%.

Insider Buying and Selling at McDonald’s

In other news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of 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 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other McDonald’s news, CMO Edith Morgan Flatley sold 2,346 shares of McDonald’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the transaction, the chief marketing officer now 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 through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at $459,435.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,596 shares of company stock valued at $10,698,289 in the last 90 days. Insiders own 0.23% of the company’s stock.

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.