Nikko Asset Management Americas Inc. lowered its holdings in McDonald’s Corporation (NYSE:MCD) by 57.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,100 shares of the fast-food giant’s stock after selling 7,000 shares during the quarter. Nikko Asset Management Americas Inc.’s holdings in McDonald’s Corporation were worth $781,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC boosted its holdings in McDonald’s Corporation by 0.7% during the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after buying an additional 5 shares in the last quarter. Valmark Advisers Inc. boosted its holdings in McDonald’s Corporation by 0.3% during the second quarter. Valmark Advisers Inc. now owns 2,381 shares of the fast-food giant’s stock worth $365,000 after buying an additional 8 shares in the last quarter. Advisors Preferred LLC boosted its holdings in McDonald’s Corporation by 0.5% during the second quarter. Advisors Preferred LLC now owns 2,850 shares of the fast-food giant’s stock worth $437,000 after buying an additional 14 shares in the last quarter. Capital Investment Advisory Services LLC boosted its holdings in McDonald’s Corporation by 1.2% during the second quarter. Capital Investment Advisory Services LLC now owns 1,568 shares of the fast-food giant’s stock worth $240,000 after buying an additional 18 shares in the last quarter. Finally, MCF Advisors LLC boosted its holdings in McDonald’s Corporation by 0.6% during the second quarter. MCF Advisors LLC now owns 3,417 shares of the fast-food giant’s stock worth $523,000 after buying an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 67.99% of the company’s stock.

A number of analysts recently issued reports on the stock. Deutsche Bank AG set a $185.00 price target on shares of McDonald’s Corporation and gave the stock a “buy” rating in a report on Thursday, October 26th. BidaskClub raised shares of McDonald’s Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 14th. UBS Group AG (USA) set a $170.00 price target on shares of McDonald’s Corporation and gave the stock a “hold” rating in a report on Wednesday, October 25th. Robert W. Baird set a $175.00 price target on shares of McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, October 25th. Finally, Nomura set a $180.00 price target on shares of McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, October 25th. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. McDonald’s Corporation currently has a consensus rating of “Buy” and an average target price of $169.93.

McDonald’s Corporation (NYSE:MCD) opened at $168.65 on Friday. The company has a debt-to-equity ratio of -14.07, a quick ratio of 2.13 and a current ratio of 2.15. The company has a market cap of $134.01 billion, a P/E ratio of 26.27, a P/E/G ratio of 2.75 and a beta of 0.67.

McDonald’s Corporation (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.01. McDonald’s Corporation had a net margin of 24.19% and a negative return on equity of 252.87%. The business had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.75 billion. During the same quarter last year, the firm posted $1.62 earnings per share. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. analysts anticipate that McDonald’s Corporation will post 6.52 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $1.01 dividend. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, November 30th. This represents a $4.04 annualized dividend and a dividend yield of 2.40%. McDonald’s Corporation’s dividend payout ratio (DPR) is presently 54.26%.

In other news, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total value of $1,327,590.00. Following the completion of the transaction, the vice president now owns 15,739 shares of the company’s stock, valued at $2,596,935. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 10,793 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $154.44, for a total transaction of $1,666,870.92. Following the completion of the transaction, the insider now directly owns 7,318 shares of the company’s stock, valued at approximately $1,130,191.92. The disclosure for this sale can be found here. In the last three months, insiders sold 23,621 shares of company stock valued at $3,745,474. Insiders own 0.24% of the company’s stock.

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About McDonald’s Corporation

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

Institutional Ownership by Quarter for McDonald`s Corporation (NYSE:MCD)

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