Norinchukin Bank The Has $43.93 Million Stake in Mcdonald’s Corp (MCD)

Norinchukin Bank The reduced its stake in Mcdonald’s Corp (NYSE:MCD) by 9.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 247,371 shares of the fast-food giant’s stock after selling 26,872 shares during the quarter. Norinchukin Bank The’s holdings in Mcdonald’s were worth $43,926,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Laurel Wealth Advisors LLC purchased a new position in shares of Mcdonald’s in the 4th quarter worth about $2,890,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Mcdonald’s by 80.9% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 266,941 shares of the fast-food giant’s stock valued at $46,688,000 after acquiring an additional 119,351 shares during the period. Summit Wealth & Retirement Planning Inc. bought a new stake in Mcdonald’s in the 4th quarter valued at about $2,253,000. Golub Group LLC raised its stake in Mcdonald’s by 8.7% in the 4th quarter. Golub Group LLC now owns 10,615 shares of the fast-food giant’s stock valued at $1,885,000 after acquiring an additional 848 shares during the period. Finally, CRA Financial Services LLC bought a new stake in Mcdonald’s in the 4th quarter valued at about $568,000. 68.80% of the stock is currently owned by institutional investors.

Shares of MCD traded up $0.25 during midday trading on Monday, hitting $191.85. 1,855,417 shares of the company traded hands, compared to its average volume of 3,426,036. Mcdonald’s Corp has a one year low of $153.13 and a one year high of $192.35. The stock has a market cap of $146.63 billion, a PE ratio of 24.28, a P/E/G ratio of 2.65 and a beta of 0.53.

Mcdonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.07. Mcdonald’s had a negative return on equity of 104.38% and a net margin of 28.18%. The firm had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.16 billion. During the same period in the prior year, the business posted $1.71 earnings per share. The company’s revenue was down 3.3% on a year-over-year basis. Equities analysts expect that Mcdonald’s Corp will post 8.12 earnings per share for the current year.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research cut Mcdonald’s from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. Robert W. Baird boosted their price objective on Mcdonald’s from $196.00 to $205.00 in a research note on Monday, April 1st. Telsey Advisory Group restated an “outperform” rating and issued a $210.00 price objective (up from $195.00) on shares of Mcdonald’s in a research note on Friday, April 5th. Wells Fargo & Co boosted their price objective on Mcdonald’s from $202.00 to $203.00 and gave the company an “outperform” rating in a research note on Friday, January 11th. Finally, Stephens upgraded Mcdonald’s from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $180.00 to $200.00 in a research note on Tuesday, February 19th. Six investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Mcdonald’s presently has a consensus rating of “Buy” and an average target price of $195.50.

In related news, VP Robert Lane Gibbs sold 22,036 shares of the company’s stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $180.95, for a total value of $3,987,414.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Catherine A. Hoovel sold 1,328 shares of the company’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $175.95, for a total transaction of $233,661.60. Following the completion of the transaction, the vice president now owns 2,499 shares in the company, valued at $439,699.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 129,775 shares of company stock worth $23,249,437. 0.22% of the stock is owned by company insiders.

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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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