Livforsakringsbolaget Skandia Omsesidigt Purchases 557 Shares of McDonald’s Co. (NYSE:MCD)

Livforsakringsbolaget Skandia Omsesidigt increased its stake in McDonald’s Co. (NYSE:MCD) by 12.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,976 shares of the fast-food giant’s stock after purchasing an additional 557 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in McDonald’s were worth $1,475,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC boosted its stake in shares of McDonald’s by 106,340.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock worth $5,069,234,000 after buying an additional 19,217,818 shares during the last quarter. Norges Bank acquired a new position in shares of McDonald’s during the 4th quarter worth about $2,341,360,000. International Assets Investment Management LLC boosted its stake in shares of McDonald’s by 10,702.5% during the 4th quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock worth $644,739,000 after buying an additional 2,154,297 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of McDonald’s by 1,189.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,191,692 shares of the fast-food giant’s stock worth $541,962,000 after buying an additional 2,021,754 shares during the last quarter. Finally, Imprint Wealth LLC boosted its stake in shares of McDonald’s by 31,574.5% during the 2nd quarter. Imprint Wealth LLC now owns 1,628,069 shares of the fast-food giant’s stock worth $162,807,000 after buying an additional 1,622,929 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Trading Up 0.1 %

MCD opened at $270.24 on Thursday. The company has a fifty day moving average price of $283.86 and a two-hundred day moving average price of $280.69. The company has a market cap of $194.85 billion, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 2.88 and a beta of 0.71. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same period in the previous year, the firm posted $2.59 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, research analysts forecast that McDonald’s Co. will post 12.34 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.47%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MCD shares. UBS Group reduced their price objective on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Wedbush reiterated an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a research note on Tuesday, February 6th. Barclays cut their target price on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research note on Tuesday, February 6th. Oppenheimer reiterated a “market perform” rating on shares of McDonald’s in a research note on Friday, January 5th. Finally, HSBC started coverage on shares of McDonald’s in a report on Wednesday, December 20th. They issued a “buy” rating and a $317.00 price target on the stock. Nine analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $319.72.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.27% of the stock is owned by corporate insiders.

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.