McDonald’s Corporation $MCD Shares Bought by Andra AP fonden

Andra AP fonden grew its stake in shares of McDonald’s Corporation (NYSE:MCD) by 714.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,700 shares of the fast-food giant’s stock after purchasing an additional 5,000 shares during the period. Andra AP fonden’s holdings in McDonald’s were worth $1,665,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. HFM Investment Advisors LLC purchased a new stake in McDonald’s during the first quarter worth about $26,000. Nova Wealth Management Inc. acquired a new stake in shares of McDonald’s during the 1st quarter valued at approximately $26,000. GFG Capital LLC purchased a new stake in shares of McDonald’s during the 2nd quarter worth approximately $29,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of McDonald’s in the 1st quarter worth approximately $31,000. Finally, Family Legacy Financial Solutions LLC purchased a new position in McDonald’s in the 2nd quarter valued at approximately $32,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at McDonald’s

In other news, EVP Manuel Jm Steijaert sold 13,134 shares of the stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $300.42, for a total value of $3,945,716.28. Following the completion of the sale, the executive vice president owned 4,606 shares in the company, valued at approximately $1,383,734.52. This trade represents a 74.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the sale, the executive vice president directly owned 99 shares of the company’s stock, valued at $30,690. This trade represents a 90.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 15,134 shares of company stock valued at $4,570,716 over the last quarter. Company insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

MCD opened at $299.71 on Friday. The stock has a market capitalization of $213.88 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 3.23 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 business has a 50-day moving average of $304.39 and a two-hundred day moving average of $305.04.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.11). McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The company had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same period in the prior year, the firm earned $3.23 earnings per share. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $1.86 dividend. The ex-dividend date is Monday, December 1st. This represents a $7.44 annualized dividend and a yield of 2.5%. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s payout ratio is currently 63.48%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MCD shares. JPMorgan Chase & Co. lifted their price objective on McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. TD Cowen lifted their price target on McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a research note on Wednesday, August 6th. Royal Bank Of Canada assumed coverage on shares of McDonald’s in a research note on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 price objective on the stock. Citigroup dropped their target price on shares of McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. Finally, BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a report on Friday, October 24th. Eleven research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $323.91.

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.