Livforsakringsbolaget Skandia Omsesidigt Has $1.38 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Livforsakringsbolaget Skandia Omsesidigt reduced its holdings in shares of McDonald’s Co. (NYSE:MCD) by 8.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,619 shares of the fast-food giant’s stock after selling 400 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in McDonald’s were worth $1,378,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Fiduciary Investment Counsel Inc. boosted its holdings in McDonald’s by 12.5% during the first quarter. First Fiduciary Investment Counsel Inc. now owns 900 shares of the fast-food giant’s stock worth $252,000 after purchasing an additional 100 shares during the last quarter. MBE Wealth Management LLC boosted its holdings in McDonald’s by 4.5% during the first quarter. MBE Wealth Management LLC now owns 1,825 shares of the fast-food giant’s stock worth $510,000 after purchasing an additional 79 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in McDonald’s by 20.3% during the first quarter. Avantax Advisory Services Inc. now owns 43,252 shares of the fast-food giant’s stock worth $12,094,000 after purchasing an additional 7,312 shares during the last quarter. Litman Gregory Wealth Management LLC purchased a new position in McDonald’s during the first quarter worth about $315,000. Finally, Park Avenue Securities LLC boosted its holdings in McDonald’s by 0.3% during the first quarter. Park Avenue Securities LLC now owns 19,390 shares of the fast-food giant’s stock worth $5,422,000 after purchasing an additional 63 shares during the last quarter. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Trading Up 1.1 %

McDonald’s stock opened at $284.84 on Friday. The firm’s 50 day simple moving average is $287.75 and its 200 day simple moving average is $285.82. The firm has a market capitalization of $207.58 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 2.75 and a beta of 0.64. McDonald’s Co. has a 1-year low of $230.58 and a 1-year high of $299.35.

McDonald’s (NYSE:MCD) last posted its earnings results on Thursday, July 27th. The fast-food giant reported $3.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.40. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.30 billion. McDonald’s had a net margin of 33.06% and a negative return on equity of 139.57%. McDonald’s’s revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.55 EPS. Research analysts forecast that McDonald’s Co. will post 11.49 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be paid a $1.52 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $6.08 dividend on an annualized basis and a yield of 2.13%. McDonald’s’s dividend payout ratio is presently 55.93%.

Insiders Place Their Bets

In other McDonald’s news, EVP Heidi B. Capozzi sold 688 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $282.54, for a total value of $194,387.52. Following the completion of the transaction, the executive vice president now owns 20,019 shares of the company’s stock, valued at approximately $5,656,168.26. The transaction was disclosed in a filing with the SEC, which is available through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 4,487 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $297.87, for a total value of $1,336,542.69. Following the completion of the transaction, the insider now owns 11,412 shares of the company’s stock, valued at approximately $3,399,292.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Heidi B. Capozzi sold 688 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $282.54, for a total transaction of $194,387.52. Following the completion of the transaction, the executive vice president now directly owns 20,019 shares of the company’s stock, valued at approximately $5,656,168.26. The disclosure for this sale can be found here. Insiders sold a total of 18,149 shares of company stock valued at $5,257,201 in the last quarter. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Bank of America boosted their price target on shares of McDonald’s from $319.00 to $343.00 and gave the stock a “neutral” rating in a report on Friday, July 28th. Morgan Stanley lifted their price objective on shares of McDonald’s from $315.00 to $320.00 and gave the stock an “overweight” rating in a research report on Monday, July 17th. StockNews.com started coverage on shares of McDonald’s in a research report on Thursday, August 17th. They issued a “buy” rating on the stock. Stephens reaffirmed an “overweight” rating and issued a $325.00 price objective on shares of McDonald’s in a research report on Thursday, July 27th. Finally, Piper Sandler started coverage on shares of McDonald’s in a research report on Wednesday, June 14th. They issued a “neutral” rating and a $308.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $323.17.

McDonald’s Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.