Nikko Asset Management Americas Inc. increased its position in shares of McDonald’s Corp. (NYSE:MCD) by 18.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,000 shares of the fast-food giant’s stock after buying an additional 4,300 shares during the period. Nikko Asset Management Americas Inc.’s holdings in McDonald’s Corp. were worth $3,115,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of MCD. Glassman Wealth Services boosted its position in McDonald’s Corp. by 27.4% in the second quarter. Glassman Wealth Services now owns 930 shares of the fast-food giant’s stock worth $112,000 after buying an additional 200 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. boosted its position in McDonald’s Corp. by 183.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,066 shares of the fast-food giant’s stock worth $128,000 after buying an additional 690 shares during the period. MU Investments Co. Ltd. purchased a new position in McDonald’s Corp. during the second quarter worth approximately $163,000. Kernodle & Katon Asset Management Group LLC boosted its position in McDonald’s Corp. by 10.2% in the second quarter. Kernodle & Katon Asset Management Group LLC now owns 1,517 shares of the fast-food giant’s stock worth $183,000 after buying an additional 141 shares during the period. Finally, Tradewinds Capital Management LLC boosted its position in McDonald’s Corp. by 2.3% in the second quarter. Tradewinds Capital Management LLC now owns 1,557 shares of the fast-food giant’s stock worth $187,000 after buying an additional 35 shares during the period. Institutional investors and hedge funds own 66.58% of the company’s stock.

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

McDonald’s Corp. (NYSE:MCD) traded down 0.17% during mid-day trading on Tuesday, reaching $120.68. 6,370,585 shares of the company’s stock traded hands. McDonald’s Corp. has a 52-week low of $110.33 and a 52-week high of $131.96. The company has a 50-day moving average of $114.91 and a 200-day moving average of $118.44. The company has a market capitalization of $100.22 billion, a price-to-earnings ratio of 22.67 and a beta of 0.63.

McDonald’s Corp. (NYSE:MCD) last issued its quarterly earnings results on Friday, October 21st. The fast-food giant reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.13. The company earned $6.42 billion during the quarter, compared to analyst estimates of $6.28 billion. McDonald’s Corp. had a net margin of 18.74% and a return on equity of 197.51%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.40 EPS. Equities research analysts expect that McDonald’s Corp. will post $5.69 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a $0.94 dividend. This is a positive change from McDonald’s Corp.’s previous quarterly dividend of $0.89. This represents a $3.76 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Tuesday, November 29th. McDonald’s Corp.’s dividend payout ratio is currently 67.30%.

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MCD has been the topic of a number of research reports. Credit Suisse Group AG restated an “outperform” rating and set a $132.00 price target on shares of McDonald’s Corp. in a research note on Friday, September 16th. RBC Capital Markets set a $140.00 price objective on McDonald’s Corp. and gave the company a “buy” rating in a research note on Thursday, November 17th. Zacks Investment Research upgraded McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a research note on Tuesday, November 15th. Robert W. Baird reiterated an “outperform” rating on shares of McDonald’s Corp. in a research note on Thursday, September 8th. Finally, Vetr upgraded McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $121.01 price objective on the stock in a research note on Wednesday, September 28th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the company’s stock. McDonald’s Corp. presently has an average rating of “Hold” and an average price target of $126.51.

In other news, Chairman Andrew J. Mckenna sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $113.48, for a total value of $3,404,400.00. Following the completion of the sale, the chairman now directly owns 72,514 shares of the company’s stock, valued at approximately $8,228,888.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP James R. Sappington sold 8,298 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $118.08, for a total transaction of $979,827.84. Following the completion of the sale, the vice president now directly owns 14,750 shares of the company’s stock, valued at $1,741,680. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

About McDonald’s Corp.

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality 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.

5 Day Chart for NYSE:MCD

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