Tokio Marine Asset Management Co. Ltd. Boosts Position in McDonald’s Corporation (NYSE:MCD)

Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 4.9% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 21,505 shares of the fast-food giant’s stock after purchasing an additional 1,003 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in McDonald’s were worth $6,718,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. S Bank Fund Management Ltd purchased a new position in shares of McDonald’s in the 1st quarter valued at $7,813,000. National Pension Service increased its holdings in McDonald’s by 5.8% in the 1st quarter. National Pension Service now owns 1,609,631 shares of the fast-food giant’s stock valued at $502,800,000 after purchasing an additional 88,369 shares in the last quarter. Klingman & Associates LLC raised its position in McDonald’s by 17.7% in the first quarter. Klingman & Associates LLC now owns 4,975 shares of the fast-food giant’s stock valued at $1,554,000 after purchasing an additional 748 shares during the period. MSH Capital Advisors LLC lifted its stake in shares of McDonald’s by 13.4% during the first quarter. MSH Capital Advisors LLC now owns 2,577 shares of the fast-food giant’s stock worth $805,000 after purchasing an additional 304 shares in the last quarter. Finally, Fox Hill Wealth Management boosted its position in shares of McDonald’s by 6.2% in the first quarter. Fox Hill Wealth Management now owns 3,137 shares of the fast-food giant’s stock worth $980,000 after buying an additional 183 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MCD. Erste Group Bank downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 24th. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a research note on Tuesday, April 22nd. BMO Capital Markets reissued an “outperform” rating and set a $350.00 target price (up from $345.00) on shares of McDonald’s in a research report on Thursday, August 7th. Northcoast Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, May 6th. Finally, Robert W. Baird lifted their price target on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Two 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $326.87.

McDonald’s Price Performance

Shares of MCD opened at $301.63 on Wednesday. McDonald’s Corporation has a 12 month low of $267.54 and a 12 month high of $326.32. The stock has a fifty day moving average price of $298.17 and a 200 day moving average price of $304.74. The company has a market cap of $215.24 billion, a P/E ratio of 25.85, a PEG ratio of 3.11 and a beta of 0.52.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping the consensus estimate of $3.15 by $0.04. The business had revenue of $6.84 billion during 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%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.97 earnings per share. As a group, research analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. McDonald’s’s payout ratio is currently 60.67%.

Insider Transactions at McDonald’s

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the sale, the chief marketing officer directly owned 8,858 shares in the company, valued at $2,657,400. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the transaction, the insider owned 9,283 shares of the company’s stock, valued at $2,780,165.67. This trade represents a 9.19% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,280 shares of company stock worth $2,215,178. Company insiders own 0.25% of the company’s stock.

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.