Legg Mason Asset Management Japan Co. Ltd. Has $675,000 Position in Mcdonald’s Corp (MCD)

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Legg Mason Asset Management Japan Co. Ltd. lessened its position in shares of Mcdonald’s Corp (NYSE:MCD) by 29.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,800 shares of the fast-food giant’s stock after selling 1,600 shares during the quarter. Legg Mason Asset Management Japan Co. Ltd.’s holdings in Mcdonald’s were worth $675,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund grew its position in Mcdonald’s by 16,975.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,998,095 shares of the fast-food giant’s stock valued at $84,000 after buying an additional 14,910,259 shares during the period. Northern Trust Corp grew its position in Mcdonald’s by 2.8% during the fourth quarter. Northern Trust Corp now owns 11,680,799 shares of the fast-food giant’s stock valued at $2,074,161,000 after buying an additional 317,676 shares during the period. Geode Capital Management LLC grew its position in Mcdonald’s by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 9,441,973 shares of the fast-food giant’s stock valued at $1,673,764,000 after buying an additional 683,872 shares during the period. Bank of New York Mellon Corp grew its position in Mcdonald’s by 4.8% during the fourth quarter. Bank of New York Mellon Corp now owns 8,347,633 shares of the fast-food giant’s stock valued at $1,482,289,000 after buying an additional 383,089 shares during the period. Finally, Jennison Associates LLC grew its position in Mcdonald’s by 3.4% during the fourth quarter. Jennison Associates LLC now owns 4,452,089 shares of the fast-food giant’s stock valued at $790,557,000 after buying an additional 144,372 shares during the period. Institutional investors own 68.80% of the company’s stock.

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

Several research firms have issued reports on MCD. Zacks Investment Research raised shares of Mcdonald’s from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Wells Fargo & Co increased their price objective on shares of Mcdonald’s from $202.00 to $203.00 and gave the company an “outperform” rating in a report on Friday, January 11th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $210.00 price objective (up from $195.00) on shares of Mcdonald’s in a report on Friday, April 5th. Robert W. Baird increased their price objective on shares of Mcdonald’s from $196.00 to $205.00 in a report on Monday, April 1st. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $205.00 price objective on shares of Mcdonald’s in a report on Wednesday, January 30th. Six investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $195.50.

NYSE:MCD opened at $194.91 on Friday. The stock has a market capitalization of $148.81 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 2.69 and a beta of 0.53. Mcdonald’s Corp has a twelve month low of $153.13 and a twelve month high of $195.00.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings results on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.07. The firm had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.16 billion. Mcdonald’s had a net margin of 28.18% and a negative return on equity of 104.38%. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the firm posted $1.71 earnings per share. As a group, research analysts anticipate that Mcdonald’s Corp will post 8.11 EPS for the current year.

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Mcdonald’s Profile

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.

Read More: What impact do institutional investors have on markets?

Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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