McDonald’s Corporation $MCD Position Raised by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its position in shares of McDonald’s Corporation (NYSE:MCD) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 425,184 shares of the fast-food giant’s stock after acquiring an additional 4,511 shares during the quarter. Asset Management One Co. Ltd. owned about 0.06% of McDonald’s worth $114,931,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of MCD. Strategic Financial Concepts LLC acquired a new stake in McDonald’s in the second quarter worth about $391,000. Equity Wealth Partners LLC raised its holdings in McDonald’s by 81.5% during the 2nd quarter. Equity Wealth Partners LLC now owns 1,485 shares of the fast-food giant's stock worth $401,000 after buying an additional 667 shares during the period. Borer Denton & Associates Inc. lifted its stake in McDonald’s by 16.9% during the second quarter. Borer Denton & Associates Inc. now owns 13,859 shares of the fast-food giant's stock valued at $3,746,000 after buying an additional 2,000 shares in the last quarter. Whittier Trust Co. increased its position in shares of McDonald’s by 2.7% in the second quarter. Whittier Trust Co. now owns 67,183 shares of the fast-food giant's stock worth $18,778,000 after acquiring an additional 1,742 shares in the last quarter. Finally, MOKAN Wealth Management Inc. raised its holdings in shares of McDonald’s by 30.5% during the second quarter. MOKAN Wealth Management Inc. now owns 16,005 shares of the fast-food giant's stock valued at $4,327,000 after acquiring an additional 3,743 shares during the period. Institutional investors own 70.29% of the company's stock.

MCD has been the subject of a number of recent analyst reports. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $295.00 price objective on shares of McDonald’s in a research note on Wednesday, August 5th. Weiss Ratings cut McDonald’s from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Erste Group Bank downgraded McDonald’s from a “buy” rating to a “hold” rating in a report on Monday, April 27th. TD Cowen reissued a “hold” rating on shares of McDonald’s in a research report on Tuesday, August 4th. Finally, UBS Group set a $305.00 price objective on McDonald’s in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $325.44.

Shares of MCD stock opened at $272.61 on Friday. McDonald’s Corporation has a fifty-two week low of $260.96 and a fifty-two week high of $341.75. The stock’s 50-day moving average is $273.81 and its two-hundred day moving average is $295.28. The firm has a market cap of $192.91 billion, a P/E ratio of 22.15, a PEG ratio of 3.05 and a beta of 0.41.

McDonald’s Corporation last announced its quarterly earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 EPS for the quarter, beating the consensus estimate of $3.32 by $0.06. McDonald’s had a negative return on equity of 572.06% and a net margin of 31.72%.The business had revenue of $7.10 billion.