Swedbank AB Raises Stock Position in McDonald’s Corporation $MCD

Swedbank AB lifted its stake in McDonald’s Corporation (NYSE:MCD) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,090,484 shares of the fast-food giant’s stock after buying an additional 223 shares during the period. Swedbank AB owned approximately 0.15% of McDonald’s worth $318,607,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. WealthPlan Investment Management LLC raised its stake in McDonald’s by 0.9% during the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock valued at $1,134,000 after acquiring an additional 32 shares during the last quarter. Granite Bay Wealth Management LLC grew its holdings in shares of McDonald’s by 3.5% in the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant’s stock worth $309,000 after acquiring an additional 33 shares during the period. CVA Family Office LLC increased its position in shares of McDonald’s by 1.9% in the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant’s stock valued at $560,000 after buying an additional 33 shares in the last quarter. Consilium Wealth Advisory LLC raised its position in McDonald’s by 2.5% during the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant’s stock worth $417,000 after acquiring an additional 33 shares during the last quarter. Finally, Security Financial Services INC. raised its position in shares of McDonald’s by 0.7% during the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock worth $1,575,000 after purchasing an additional 33 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the transaction, the executive vice president owned 8,754 shares of the company’s stock, valued at $2,713,740. This represents a 22.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the transaction, the executive vice president directly owned 99 shares in the company, valued at $30,690. The trade was a 90.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,341 shares of company stock worth $2,544,327 over the last quarter. 0.25% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Bank of America decreased their target price on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating on the stock in a research report on Friday, July 18th. Redburn Atlantic reaffirmed a “sell” rating and set a $260.00 price target (down from $319.00) on shares of McDonald’s in a research report on Tuesday, June 10th. Argus lowered McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Stifel Nicolaus boosted their price objective on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a report on Friday, August 22nd. Finally, Morgan Stanley increased their price objective on shares of McDonald’s from $324.00 to $326.00 and gave the company an “equal weight” rating in a research note on Monday, July 14th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $325.86.

McDonald’s Stock Up 0.4%

NYSE:MCD opened at $304.51 on Thursday. The firm has a market capitalization of $217.30 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 3.09 and a beta of 0.50. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32. The firm has a 50-day moving average price of $305.96 and a 200 day moving average price of $306.49.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.04. The firm had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $2.97 EPS. On average, research analysts expect that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald’s’s dividend payout ratio (DPR) is 60.67%.

McDonald’s 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.