Global X Japan Co. Ltd. Has $500,000 Position in McDonald’s Co. (NYSE:MCD)

Global X Japan Co. Ltd. grew its position in McDonald’s Co. (NYSE:MCD) by 3.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,725 shares of the fast-food giant’s stock after buying an additional 60 shares during the period. Global X Japan Co. Ltd.’s holdings in McDonald’s were worth $500,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MCD. Kennebec Savings Bank acquired a new stake in shares of McDonald’s in the third quarter valued at about $1,394,000. Charles Schwab Investment Management Inc. lifted its holdings in McDonald’s by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after purchasing an additional 49,106 shares during the last quarter. YANKCOM Partnership bought a new stake in shares of McDonald’s in the fourth quarter valued at about $1,628,000. U.S. Capital Wealth Advisors LLC raised its position in shares of McDonald’s by 6.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after buying an additional 2,997 shares in the last quarter. Finally, PFW Advisors LLC bought a new stake in shares of McDonald’s during the 4th quarter valued at $2,471,000. Institutional investors own 70.29% of the company’s stock.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the sale, the insider now directly owns 9,286 shares in the company, valued at $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,406 shares of company stock worth $2,150,857 over the last quarter. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 1.9 %

Shares of NYSE MCD opened at $294.37 on Friday. The firm has a market capitalization of $210.95 billion, a P/E ratio of 25.84, a P/E/G ratio of 3.83 and a beta of 0.74. The firm’s 50-day moving average price is $290.75 and its 200-day moving average price is $290.37. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.41%. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

Analyst Ratings Changes

A number of brokerages have issued reports on MCD. Evercore ISI increased their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Morgan Stanley decreased their price objective on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Bank of America upped their target price on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. KeyCorp decreased their price target on McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Finally, Wedbush restated an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a research report on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $318.86.

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.