Mizuho Markets Americas LLC Trims Stock Position in McDonald’s Corporation (NYSE:MCD)

Mizuho Markets Americas LLC lessened its holdings in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 48.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,526 shares of the fast-food giant’s stock after selling 4,260 shares during the period. Mizuho Markets Americas LLC’s holdings in McDonald’s were worth $1,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Mascagni Wealth Management Inc. purchased a new position in shares of McDonald’s during the fourth quarter worth $25,000. Pinney & Scofield Inc. purchased a new position in shares of McDonald’s during the fourth quarter worth $29,000. GKV Capital Management Co. Inc. purchased a new position in shares of McDonald’s during the fourth quarter worth $30,000. Abound Financial LLC purchased a new position in shares of McDonald’s during the first quarter worth $30,000. Finally, Copia Wealth Management purchased a new position in shares of McDonald’s during the fourth quarter worth $31,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Down 0.7%

MCD opened at $305.62 on Friday. The firm has a market capitalization of $218.09 billion, a PE ratio of 26.19, a PEG ratio of 3.19 and a beta of 0.52. McDonald’s Corporation has a twelve month low of $265.33 and a twelve month high of $326.32. The firm’s 50-day moving average price is $298.57 and its 200 day moving average price is $304.49.

McDonald’s (NYSE:MCDGet Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.04. The firm had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. McDonald’s’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.97 earnings per share. As a group, analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald’s’s payout ratio is presently 60.67%.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of recent analyst reports. TD Cowen lifted their price objective on shares of McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday. Argus cut shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, June 13th. Barclays lifted their price objective on shares of McDonald’s from $355.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday. Finally, TD Securities reaffirmed a “hold” rating and issued a $305.00 price objective on shares of McDonald’s in a report on Thursday, June 5th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $326.87.

Check Out Our Latest Report on McDonald’s

Insider Buying and Selling at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the transaction, the chief marketing officer directly owned 8,858 shares in the company, valued at $2,657,400. The trade was a 10.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the transaction, the insider owned 9,283 shares in the company, valued at $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,280 shares of company stock worth $2,215,178 in the last ninety days. 0.25% of the stock is owned by insiders.

McDonald’s Profile

(Free Report)

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.

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

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