Mizuho Markets Americas LLC Sells 180 Shares of McDonald’s Co. (NYSE:MCD)

Mizuho Markets Americas LLC decreased its holdings in McDonald’s Co. (NYSE:MCD) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,260 shares of the fast-food giant’s stock after selling 180 shares during the quarter. Mizuho Markets Americas LLC’s holdings in McDonald’s were worth $6,778,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Kings Path Partners LLC bought a new position in McDonald’s in the 2nd quarter valued at $38,000. Hara Capital LLC acquired a new stake in shares of McDonald’s in the 3rd quarter valued at $44,000. Opal Wealth Advisors LLC acquired a new stake in shares of McDonald’s during the second quarter worth $59,000. Bbjs Financial Advisors LLC acquired a new stake in shares of McDonald’s during the second quarter worth $65,000. Finally, Macroview Investment Management LLC grew its stake in shares of McDonald’s by 433.3% during the second 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 period. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In other McDonald’s news, CEO Christopher J. Kempczinski sold 11,727 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the completion of the sale, the chief executive officer now directly owns 49,885 shares in the company, valued at $14,966,996.55. This represents a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction 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 sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,596 shares of company stock valued at $10,698,289 over the last 90 days. 0.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MCD shares. Citigroup lifted their price objective on McDonald’s from $301.00 to $317.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. KeyCorp boosted their target price on McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Evercore ISI boosted their target price on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Robert W. Baird cut McDonald’s from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $319.46.

McDonald’s Trading Down 2.0 %

McDonald’s stock opened at $292.52 on Friday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock’s 50 day moving average is $300.06 and its 200-day moving average is $277.42. The company has a market capitalization of $209.63 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 3.95 and a beta of 0.74.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The business had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.19 earnings per share. As a group, equities research analysts predict that McDonald’s Co. will post 11.77 earnings per share 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. Investors of record on Monday, December 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.42%. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio is currently 58.65%.

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.