FUKOKU MUTUAL LIFE INSURANCE Co Has $30.63 Million Stock Position in McDonald’s Co. (NYSE:MCD)

FUKOKU MUTUAL LIFE INSURANCE Co raised its holdings in McDonald’s Co. (NYSE:MCD) by 0.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 105,644 shares of the fast-food giant’s stock after buying an additional 329 shares during the quarter. McDonald’s accounts for about 2.2% of FUKOKU MUTUAL LIFE INSURANCE Co’s investment portfolio, making the stock its 12th largest position. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in McDonald’s were worth $30,625,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MCD. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s during the third quarter worth about $25,000. Comprehensive Financial Planning Inc. PA bought a new position in McDonald’s during the 4th quarter worth $27,000. Collier Financial bought a new position in shares of McDonald’s in the 4th quarter valued at $29,000. RPg Family Wealth Advisory LLC bought a new position in shares of McDonald’s in the 3rd quarter valued at $31,000. Finally, Marshall Investment Management LLC bought a new position in shares of McDonald’s in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Down 2.2 %

Shares of McDonald’s stock opened at $304.02 on Thursday. The firm has a market cap of $217.87 billion, a P/E ratio of 26.69, a P/E/G ratio of 3.10 and a beta of 0.74. The stock’s fifty day moving average price is $293.36 and its 200-day moving average price is $294.72. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. Analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Analyst Upgrades and Downgrades

Several brokerages have commented on MCD. Robert W. Baird lifted their target price on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Truist Financial decreased their price objective on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. BMO Capital Markets upped their target price on McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Barclays upped their price objective on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Finally, Loop Capital reiterated a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $323.61.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the sale, the insider now owns 8,187 shares in the company, valued at $2,383,235.70. This represents a 11.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. This represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,504 shares of company stock valued at $9,897,305 over the last quarter. Company insiders own 0.23% of the company’s stock.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.