Lansforsakringar Fondforvaltning AB publ Buys 11,901 Shares of McDonald’s Corporation $MCD

Lansforsakringar Fondforvaltning AB publ grew its stake in McDonald’s Corporation (NYSE:MCD) by 5.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 238,555 shares of the fast-food giant’s stock after acquiring an additional 11,901 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in McDonald’s were worth $74,140,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of MCD. Your Advocates Ltd. LLP acquired a new stake in shares of McDonald’s in the fourth quarter valued at approximately $27,000. Park Place Capital Corp lifted its holdings in McDonald’s by 95.7% during the 4th quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock worth $28,000 after buying an additional 45 shares in the last quarter. IFC & Insurance Marketing Inc. acquired a new position in McDonald’s during the 4th quarter worth $29,000. Abound Financial LLC bought a new position in McDonald’s in the 4th quarter valued at $30,000. Finally, Purpose Unlimited Inc. bought a new position in McDonald’s in the 4th quarter valued at $31,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Desiree Ralls-Morrison sold 2,763 shares of McDonald’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $278.36, for a total transaction of $769,108.68. Following the transaction, the executive vice president owned 6,268 shares of the company’s stock, valued at $1,744,760.48. This trade represents a 30.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 5,252 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the transaction, the insider owned 7,734 shares of the company’s stock, valued at approximately $2,198,930.88. This represents a 40.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,307 shares of company stock valued at $3,262,622 over the last 90 days. Corporate insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on MCD. TD Cowen restated a “hold” rating on shares of McDonald’s in a research report on Friday, June 12th. Rothschild & Co Redburn upgraded McDonald’s from a “sell” rating to a “neutral” rating and raised their price target for the company from $260.00 to $306.00 in a report on Thursday, April 23rd. BTIG Research reiterated a “buy” rating and issued a $370.00 price objective on shares of McDonald’s in a research report on Thursday, May 7th. Barclays dropped their price objective on McDonald’s from $380.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of McDonald’s in a research report on Monday, June 22nd. Sixteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $335.70.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $267.60 on Tuesday. The firm has a fifty day moving average of $282.64 and a two-hundred day moving average of $304.21. The stock has a market capitalization of $190.13 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 2.69 and a beta of 0.41. McDonald’s Corporation has a 52 week low of $264.53 and a 52 week high of $341.75.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $0.09. The business had revenue of $6.52 billion for the quarter, compared to analyst estimates of $6.47 billion. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.The firm’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $2.67 EPS. As a group, research analysts forecast that McDonald’s Corporation will post 12.93 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were given a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, June 2nd. McDonald’s’s payout ratio is presently 61.34%.

McDonald’s Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.