1,976 Shares in McDonald’s Corporation $MCD Purchased by Oslo Pensjonsforsikring AS

Oslo Pensjonsforsikring AS bought a new position in McDonald’s Corporation (NYSE:MCD) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,976 shares of the fast-food giant’s stock, valued at approximately $614,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. HORAN Wealth LLC grew its holdings in shares of McDonald’s by 81.4% during the first quarter. HORAN Wealth LLC now owns 3,026 shares of the fast-food giant’s stock valued at $930,000 after purchasing an additional 1,358 shares during the last quarter. DJE Kapital AG lifted its holdings in shares of McDonald’s by 12.9% in the 1st quarter. DJE Kapital AG now owns 45,617 shares of the fast-food giant’s stock worth $14,139,000 after purchasing an additional 5,200 shares during the last quarter. Andra AP fonden lifted its holdings in shares of McDonald’s by 995.1% in the 1st quarter. Andra AP fonden now owns 87,171 shares of the fast-food giant’s stock worth $27,092,000 after purchasing an additional 79,211 shares during the last quarter. Summit Asset Management LLC boosted its position in McDonald’s by 13.0% during the 1st quarter. Summit Asset Management LLC now owns 1,734 shares of the fast-food giant’s stock valued at $539,000 after purchasing an additional 200 shares during the period. Finally, Wilkerson Advisory Group LLC boosted its position in McDonald’s by 17.1% during the 1st quarter. Wilkerson Advisory Group LLC now owns 274 shares of the fast-food giant’s stock valued at $85,000 after purchasing an additional 40 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 2,763 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $278.36, for a total value of $769,108.68. Following the completion of the sale, the executive vice president owned 6,268 shares in the company, valued at $1,744,760.48. This represents a 30.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 5,252 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total value of $1,493,248.64. Following the transaction, the insider directly owned 7,734 shares of the company’s stock, valued at $2,198,930.88. This represents a 40.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 8,681 shares of company stock worth $2,456,440. 0.26% of the stock is owned by insiders.

McDonald’s Trading Down 1.5%

Shares of NYSE:MCD opened at $263.76 on Wednesday. The company has a 50 day moving average of $276.71 and a 200-day moving average of $299.70. The firm has a market cap of $187.40 billion, a P/E ratio of 21.74, a P/E/G ratio of 2.87 and a beta of 0.41. McDonald’s Corporation has a twelve month low of $263.65 and a twelve month high of $341.75.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.09. McDonald’s had a net margin of 31.62% and a negative return on equity of 442.10%. The business had revenue of $6.52 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same quarter last year, the business earned $2.67 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts forecast that McDonald’s Corporation will post 12.86 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were paid a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 61.34%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Morgan Stanley lowered their price objective on McDonald’s from $331.00 to $322.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 15th. TD Cowen reissued a “hold” rating on shares of McDonald’s in a report on Friday, June 12th. Barclays lowered their price target on shares of McDonald’s from $380.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. BTIG Research reaffirmed a “buy” rating and issued a $370.00 price objective on shares of McDonald’s in a report on Thursday, May 7th. Finally, KeyCorp reiterated an “overweight” rating on shares of McDonald’s in a research report on Wednesday, July 15th. Fifteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $336.32.

Key Stories Impacting McDonald’s

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: Several bullish commentaries argue McDonald’s recent weakness may be an opportunity, citing improving top- and bottom-line growth, international resilience, and compressed earnings multiples that could make the stock more attractive. McDonald’s Sell-Off Is Your Opportunity
• Positive Sentiment: Another analyst upgrade says McDonald’s consistency deserves a higher multiple, pointing to faster recent revenue and earnings growth as evidence of a potential turnaround. McDonald’s: Consistency Deserves A Better Multiple (Rating Upgrade)
• Positive Sentiment: Menu innovation remains a supportive storyline, with McDonald’s rolling out new breakfast biscuits, a honey brown butter biscuit, and a Caesar menu that could help drive traffic and keep the brand in the conversation. McDonald’s Just Added 2 New Biscuits To Their Breakfast Menu
• Neutral Sentiment: Recent consumer-interest articles and product reviews highlight new limited-time menu items, but these are not yet proven to materially change earnings expectations. Review: McDonald’s Caesar sauce is the tangy menu addition we didn’t know we needed
• Negative Sentiment: Zacks noted that McDonald’s stock fell while the broader market improved, reinforcing the view that investors are rotating away from the name for now. McDonald’s (MCD) Stock Declines While Market Improves: Some Information for Investors
• Negative Sentiment: Bearish coverage says McDonald’s still may not be cheap enough despite the pullback, suggesting the market remains concerned about upside versus risk. McDonald’s: Still Not Good Enough

McDonald’s Company 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.