McDonald’s Corporation $MCD Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in shares of McDonald’s Corporation (NYSE:MCD) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 401,478 shares of the fast-food giant’s stock after selling 981 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.06% of McDonald’s worth $117,300,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC boosted its stake in McDonald’s by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after buying an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in McDonald’s by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after acquiring an additional 52 shares during the last quarter. SSA Swiss Advisors AG bought a new position in shares of McDonald’s during the 1st quarter valued at about $175,000. Apollon Financial LLC grew its stake in shares of McDonald’s by 6.5% in the 1st quarter. Apollon Financial LLC now owns 1,297 shares of the fast-food giant’s stock worth $405,000 after purchasing an additional 79 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of McDonald’s by 10.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 99,321 shares of the fast-food giant’s stock worth $31,025,000 after purchasing an additional 9,136 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Manuel Jm Steijaert sold 13,134 shares of McDonald’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total transaction of $3,945,716.28. Following the completion of the sale, the executive vice president owned 4,606 shares of the company’s stock, valued at $1,383,734.52. This trade represents a 74.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at approximately $2,160,270. The trade was a 12.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,134 shares of company stock valued at $4,570,716 in the last 90 days. 0.25% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on MCD. BMO Capital Markets restated an “outperform” rating on shares of McDonald’s in a report on Thursday, November 6th. Guggenheim cut their price objective on McDonald’s from $310.00 to $295.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. BTIG Research reissued a “neutral” rating on shares of McDonald’s in a research note on Friday, October 24th. TD Cowen lifted their target price on McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a report on Wednesday, August 6th. Finally, Mizuho raised McDonald’s to a “hold” rating in a research report on Tuesday, October 28th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $323.91.

McDonald’s Stock Performance

NYSE MCD opened at $306.48 on Wednesday. The firm’s 50 day moving average price is $303.91 and its two-hundred day moving average price is $304.75. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The stock has a market cap of $218.26 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last issued its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.11). McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The business had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same period last year, the business earned $3.23 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. On average, research analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $1.86 per share. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Monday, December 1st. This represents a $7.44 annualized dividend and a yield of 2.4%. McDonald’s’s dividend payout ratio (DPR) is presently 63.48%.

McDonald’s Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.