Nomura Asset Management Co. Ltd. lowered its stake in Mcdonald’s Corp (NYSE:MCD) by 3.8% during the second quarter, HoldingsChannel reports. The firm owned 204,761 shares of the fast-food giant’s stock after selling 8,144 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Mcdonald’s were worth $42,520,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in MCD. Geode Capital Management LLC boosted its holdings in shares of Mcdonald’s by 7.8% in the fourth quarter. Geode Capital Management LLC now owns 9,441,973 shares of the fast-food giant’s stock worth $1,673,764,000 after buying an additional 683,872 shares during the last quarter. Strategic Blueprint LLC boosted its holdings in shares of Mcdonald’s by 4.0% in the first quarter. Strategic Blueprint LLC now owns 12,937 shares of the fast-food giant’s stock worth $2,457,000 after buying an additional 503 shares during the last quarter. KAMES CAPITAL plc purchased a new position in shares of Mcdonald’s in the first quarter worth approximately $2,678,000. Manning & Napier Group LLC boosted its holdings in shares of Mcdonald’s by 25.5% in the first quarter. Manning & Napier Group LLC now owns 191,890 shares of the fast-food giant’s stock worth $36,439,000 after buying an additional 38,939 shares during the last quarter. Finally, Cordasco Financial Network boosted its holdings in shares of Mcdonald’s by 19.0% in the first quarter. Cordasco Financial Network now owns 375 shares of the fast-food giant’s stock worth $71,000 after buying an additional 60 shares during the last quarter. 67.70% of the stock is currently owned by institutional investors and hedge funds.

MCD has been the topic of a number of research reports. Telsey Advisory Group reissued an “outperform” rating and issued a $230.00 price objective (up previously from $210.00) on shares of Mcdonald’s in a report on Monday, July 15th. SunTrust Banks set a $240.00 price target on shares of Mcdonald’s and gave the company a “buy” rating in a report on Tuesday, August 20th. KeyCorp lifted their price target on shares of Mcdonald’s from $215.00 to $235.00 and gave the company an “overweight” rating in a report on Monday, July 29th. JPMorgan Chase & Co. lifted their price target on shares of Mcdonald’s from $195.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, June 28th. Finally, Morgan Stanley lifted their price target on shares of Mcdonald’s from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Eight equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $220.55.

Shares of Mcdonald’s stock traded down $2.68 on Friday, hitting $209.47. 319,083 shares of the company traded hands, compared to its average volume of 2,660,170. The stock has a market capitalization of $159.24 billion, a P/E ratio of 26.54, a price-to-earnings-growth ratio of 3.11 and a beta of 0.49. Mcdonald’s Corp has a 52 week low of $156.56 and a 52 week high of $221.93. The business has a 50-day simple moving average of $216.70 and a 200 day simple moving average of $201.97.

Mcdonald’s (NYSE:MCD) last released its quarterly earnings data on Friday, July 26th. The fast-food giant reported $2.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.01). The company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.34 billion. Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.99 EPS. As a group, research analysts anticipate that Mcdonald’s Corp will post 8.01 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Friday, August 30th. Mcdonald’s’s payout ratio is currently 58.73%.

In other news, EVP Silvia Lagnado sold 26,649 shares of Mcdonald’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $212.58, for a total transaction of $5,665,044.42. Following the sale, the executive vice president now owns 40,129 shares in the company, valued at $8,530,622.82. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Catherine A. Hoovel sold 457 shares of Mcdonald’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $218.15, for a total transaction of $99,694.55. Following the sale, the vice president now owns 1,348 shares in the company, valued at approximately $294,066.20. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

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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