Mcdonald’s Corp (MCD) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of Mcdonald’s Corp (NYSE:MCD) by 59.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 741,065 shares of the fast-food giant’s stock after selling 1,077,910 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.10% of Mcdonald’s worth $123,973,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bridgeworth LLC grew its stake in shares of Mcdonald’s by 78.4% in the 3rd quarter. Bridgeworth LLC now owns 2,605 shares of the fast-food giant’s stock valued at $277,000 after purchasing an additional 1,145 shares during the last quarter. Trust Co. of Virginia VA grew its stake in shares of Mcdonald’s by 4.7% in the 3rd quarter. Trust Co. of Virginia VA now owns 19,307 shares of the fast-food giant’s stock valued at $3,230,000 after purchasing an additional 875 shares during the last quarter. Smith Chas P & Associates PA Cpas grew its stake in shares of Mcdonald’s by 2.1% in the 3rd quarter. Smith Chas P & Associates PA Cpas now owns 100,425 shares of the fast-food giant’s stock valued at $16,800,000 after purchasing an additional 2,026 shares during the last quarter. Trexquant Investment LP grew its stake in shares of Mcdonald’s by 13.4% in the 3rd quarter. Trexquant Investment LP now owns 22,063 shares of the fast-food giant’s stock valued at $3,691,000 after purchasing an additional 2,614 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Mcdonald’s by 15.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 542,383 shares of the fast-food giant’s stock valued at $88,796,000 after purchasing an additional 71,879 shares during the last quarter. 66.25% of the stock is currently owned by institutional investors.

Mcdonald’s stock opened at $188.51 on Friday. Mcdonald’s Corp has a 1-year low of $146.84 and a 1-year high of $190.88. The company has a market capitalization of $145.90 billion, a P/E ratio of 28.30, a price-to-earnings-growth ratio of 2.78 and a beta of 0.53.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.11. The firm had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.28 billion. Mcdonald’s had a negative return on equity of 116.43% and a net margin of 24.56%. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.76 earnings per share. As a group, research analysts anticipate that Mcdonald’s Corp will post 7.76 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 2.46%. This is an increase from Mcdonald’s’s previous quarterly dividend of $1.01. The ex-dividend date is Friday, November 30th. Mcdonald’s’s payout ratio is presently 60.66%.

Several research analysts have weighed in on MCD shares. Wells Fargo & Co lifted their target price on Mcdonald’s from $180.00 to $185.00 and gave the company an “outperform” rating in a research note on Wednesday, August 8th. Citigroup lowered their target price on Mcdonald’s from $178.00 to $171.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 15th. Royal Bank of Canada reiterated a “buy” rating and issued a $175.00 target price on shares of Mcdonald’s in a research note on Thursday, August 16th. Stifel Nicolaus reiterated a “neutral” rating and issued a $168.00 target price on shares of Mcdonald’s in a research note on Monday, August 20th. Finally, Barclays reiterated a “buy” rating and issued a $194.00 target price on shares of Mcdonald’s in a research note on Monday, August 20th. Seven research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $191.58.

In other Mcdonald’s news, CEO Stephen Easterbrook sold 201,123 shares of the business’s stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $175.63, for a total transaction of $35,323,232.49. Following the sale, the chief executive officer now directly owns 48,925 shares in the company, valued at $8,592,697.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ian Frederick Borden sold 4,782 shares of the business’s stock in a transaction on Thursday, October 25th. The stock was sold at an average price of $177.68, for a total value of $849,665.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 221,041 shares of company stock worth $38,839,407. 0.22% of the stock is owned by company insiders.

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Mcdonald’s Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

See Also: Capital Gains

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

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