Global X Japan Co. Ltd. Acquires 156 Shares of McDonald’s Co. (NYSE:MCD)

Global X Japan Co. Ltd. boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 11.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,532 shares of the fast-food giant’s stock after acquiring an additional 156 shares during the period. Global X Japan Co. Ltd.’s holdings in McDonald’s were worth $390,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MCD. Gilbert & Cook Inc. raised its stake in McDonald’s by 20.7% during the fourth quarter. Gilbert & Cook Inc. now owns 4,384 shares of the fast-food giant’s stock valued at $1,300,000 after buying an additional 753 shares during the last quarter. Aveo Capital Partners LLC raised its position in shares of McDonald’s by 14.5% in the 4th quarter. Aveo Capital Partners LLC now owns 1,899 shares of the fast-food giant’s stock worth $563,000 after purchasing an additional 240 shares during the last quarter. 9258 Wealth Management LLC boosted its stake in McDonald’s by 4.2% in the 4th quarter. 9258 Wealth Management LLC now owns 2,796 shares of the fast-food giant’s stock worth $829,000 after purchasing an additional 113 shares in the last quarter. Gryphon Financial Partners LLC grew its position in McDonald’s by 99.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 5,892 shares of the fast-food giant’s stock valued at $1,722,000 after purchasing an additional 2,935 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in McDonald’s by 10.1% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 25,545 shares of the fast-food giant’s stock valued at $7,574,000 after purchasing an additional 2,350 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $291.22 on Tuesday. The company has a market cap of $209.88 billion, a P/E ratio of 24.72, a P/E/G ratio of 3.87 and a beta of 0.72. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $302.39. The firm’s fifty day moving average is $269.47 and its two-hundred day moving average is $270.57.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The firm had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same period last year, the firm posted $3.17 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, analysts forecast that McDonald’s Co. will post 11.67 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $1.67 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.29%. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the sale, the insider now owns 12,583 shares in the company, valued at $3,632,712.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the transaction, the insider now owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total value of $428,967.28. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at $446,721.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,291 shares of company stock worth $1,689,073. 0.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MCD has been the topic of several analyst reports. 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 research note on Tuesday, July 30th. Morgan Stanley cut their target price on McDonald’s from $312.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. Barclays decreased their price target on McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. Evercore ISI increased their price objective on McDonald’s from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Finally, TD Cowen lowered McDonald’s from a “buy” rating to a “hold” rating and decreased their target price for the stock from $285.00 to $280.00 in a research report on Wednesday, July 31st. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $304.41.

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.