FUKOKU MUTUAL LIFE INSURANCE Co Sells 311 Shares of McDonald’s Co. (NYSE:MCD)

FUKOKU MUTUAL LIFE INSURANCE Co decreased its position in McDonald’s Co. (NYSE:MCD) by 0.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 105,315 shares of the fast-food giant’s stock after selling 311 shares during the period. McDonald’s comprises 2.3% of FUKOKU MUTUAL LIFE INSURANCE Co’s investment portfolio, making the stock its 10th biggest position. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in McDonald’s were worth $32,069,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Kings Path Partners LLC acquired a new stake in shares of McDonald’s in the second quarter valued at $38,000. Hara Capital LLC purchased a new stake in McDonald’s in the third quarter valued at $44,000. Opal Wealth Advisors LLC purchased a new stake in shares of McDonald’s in the 2nd quarter valued at about $59,000. Bbjs Financial Advisors LLC acquired a new stake in shares of McDonald’s in the second quarter valued at approximately $65,000. Finally, Macroview Investment Management LLC grew its position in McDonald’s by 433.3% during the 2nd quarter. Macroview Investment Management LLC now owns 256 shares of the fast-food giant’s stock worth $65,000 after purchasing an additional 208 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. This represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher J. Kempczinski sold 11,727 shares of McDonald’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total value of $3,518,451.81. Following the sale, the chief executive officer now directly owns 49,885 shares of the company’s stock, valued at $14,966,996.55. This represents a 19.03 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,596 shares of company stock worth $10,698,289. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on MCD. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Bank of America lifted their target price on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. TD Cowen restated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a report on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Thirteen investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $319.46.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $298.56 on Friday. The business’s fifty day moving average price is $299.79 and its two-hundred day moving average price is $277.14. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The stock has a market capitalization of $213.95 billion, a price-to-earnings ratio of 26.21, a price-to-earnings-growth ratio of 3.95 and a beta of 0.74.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the firm posted $3.19 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Research analysts expect that McDonald’s Co. will post 11.77 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.37%. McDonald’s’s dividend payout ratio is 58.65%.

About McDonald’s

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.