Tokio Marine Asset Management Co. Ltd. Has $4.86 Million Holdings in McDonald’s Co. (NYSE:MCD)

Tokio Marine Asset Management Co. Ltd. boosted its position in shares of McDonald’s Co. (NYSE:MCD) by 6.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,392 shares of the fast-food giant’s stock after buying an additional 1,050 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in McDonald’s were worth $4,860,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Impact Partnership Wealth LLC raised its holdings in McDonald’s by 479.4% in the 3rd quarter. Impact Partnership Wealth LLC now owns 394 shares of the fast-food giant’s stock valued at $104,000 after buying an additional 326 shares during the last quarter. KFG Wealth Management LLC grew its holdings in McDonald’s by 2.0% during the 3rd quarter. KFG Wealth Management LLC now owns 2,540 shares of the fast-food giant’s stock worth $669,000 after acquiring an additional 49 shares during the period. Nikulski Financial Inc. raised its position in shares of McDonald’s by 9.4% in the 3rd quarter. Nikulski Financial Inc. now owns 10,190 shares of the fast-food giant’s stock worth $2,684,000 after acquiring an additional 873 shares in the last quarter. Private Trust Co. NA lifted its stake in shares of McDonald’s by 1.8% in the 3rd quarter. Private Trust Co. NA now owns 15,479 shares of the fast-food giant’s stock valued at $4,078,000 after purchasing an additional 279 shares during the period. Finally, Avity Investment Management Inc. boosted its position in shares of McDonald’s by 4.1% during the 3rd quarter. Avity Investment Management Inc. now owns 2,178 shares of the fast-food giant’s stock valued at $574,000 after purchasing an additional 85 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MCD shares. Barclays dropped their target price on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. Robert W. Baird restated an “outperform” rating and issued a $315.00 target price on shares of McDonald’s in a research note on Tuesday, February 6th. BTIG Research downgraded McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Truist Financial decreased their price objective on McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Finally, TD Cowen reiterated a “buy” rating and issued a $325.00 target price on shares of McDonald’s in a report on Wednesday, April 10th. Nine investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $319.72.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

McDonald’s Trading Down 0.0 %

Shares of NYSE:MCD traded down $0.13 during midday trading on Wednesday, reaching $276.75. The company had a trading volume of 4,005,918 shares, compared to its average volume of 3,254,401. The company’s 50 day moving average price is $282.38 and its 200 day moving average price is $281.41. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The stock has a market cap of $199.54 billion, a P/E ratio of 23.92, a P/E/G ratio of 3.03 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The firm had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same period last year, the firm earned $2.59 EPS. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. Research analysts forecast that McDonald’s Co. will post 12.33 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.41%. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

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.