Mitsubishi UFJ Trust & Banking Corp Sells 43,450 Shares of Mcdonald’s Corp (NYSE:MCD)

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Mitsubishi UFJ Trust & Banking Corp trimmed its position in Mcdonald’s Corp (NYSE:MCD) by 5.7% in the second quarter, Holdings Channel reports. The fund owned 720,473 shares of the fast-food giant’s stock after selling 43,450 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Mcdonald’s were worth $132,906,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in MCD. Public Employees Retirement Association of Colorado lifted its stake in shares of Mcdonald’s by 4.4% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 141,845 shares of the fast-food giant’s stock valued at $23,454,000 after acquiring an additional 5,915 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Mcdonald’s by 15.8% in the 1st quarter. Victory Capital Management Inc. now owns 711,723 shares of the fast-food giant’s stock valued at $117,683,000 after acquiring an additional 97,118 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Mcdonald’s by 98.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 31,958 shares of the fast-food giant’s stock valued at $5,283,000 after acquiring an additional 15,870 shares during the last quarter. Cetera Advisors LLC lifted its stake in shares of Mcdonald’s by 46.0% in the 1st quarter. Cetera Advisors LLC now owns 20,103 shares of the fast-food giant’s stock valued at $3,324,000 after acquiring an additional 6,332 shares during the last quarter. Finally, First Allied Advisory Services Inc. lifted its stake in shares of Mcdonald’s by 1.0% in the 1st quarter. First Allied Advisory Services Inc. now owns 25,192 shares of the fast-food giant’s stock valued at $4,166,000 after acquiring an additional 253 shares during the last quarter. Institutional investors own 66.07% of the company’s stock.

MCD has been the subject of a number of recent research reports. Piper Sandler increased their price objective on Mcdonald’s from $197.00 to $203.00 and gave the company a “neutral” rating in a report on Monday. KeyCorp increased their price objective on Mcdonald’s from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Tuesday, August 18th. Credit Suisse Group increased their price objective on Mcdonald’s from $210.00 to $214.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. BMO Capital Markets increased their price objective on Mcdonald’s from $215.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, June 24th. Finally, Wells Fargo & Company increased their price objective on Mcdonald’s from $209.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, June 16th. Nine investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $212.80.

Shares of MCD traded up $2.44 during trading hours on Wednesday, hitting $224.81. The stock had a trading volume of 3,463,647 shares, compared to its average volume of 4,247,374. The firm has a 50 day simple moving average of $208.35 and a 200-day simple moving average of $189.15. The firm has a market capitalization of $165.47 billion, a P/E ratio of 35.63, a price-to-earnings-growth ratio of 4.85 and a beta of 0.67. Mcdonald’s Corp has a 1-year low of $124.23 and a 1-year high of $226.72.

Mcdonald’s (NYSE:MCD) last issued its earnings results on Tuesday, July 28th. The fast-food giant reported $0.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.10). The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.73 billion. Mcdonald’s had a net margin of 24.78% and a negative return on equity of 52.78%. The business’s quarterly revenue was down 29.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.05 earnings per share. On average, research analysts forecast that Mcdonald’s Corp will post 5.85 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a $1.25 dividend. The ex-dividend date was Monday, August 31st. This represents a $5.00 annualized dividend and a yield of 2.22%. Mcdonald’s’s payout ratio is 63.78%.

About Mcdonald’s

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, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

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

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