Skandinaviska Enskilda Banken AB publ Has $113.19 Million Holdings in McDonald’s Corporation $MCD

Skandinaviska Enskilda Banken AB publ boosted its stake in McDonald’s Corporation (NYSE:MCD) by 165.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 387,333 shares of the fast-food giant’s stock after purchasing an additional 241,418 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.05% of McDonald’s worth $113,190,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. First American Trust FSB raised its position in shares of McDonald’s by 55.9% during the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant’s stock worth $11,532,000 after purchasing an additional 13,234 shares during the period. Banque Transatlantique SA increased its stake in McDonald’s by 58.0% in the 1st quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant’s stock valued at $71,829,000 after buying an additional 91,313 shares during the last quarter. Hamilton Capital LLC raised its holdings in McDonald’s by 35.2% during the first quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant’s stock worth $982,000 after acquiring an additional 819 shares in the last quarter. Welch Group LLC raised its stake in shares of McDonald’s by 1.1% during the 2nd quarter. Welch Group LLC now owns 206,004 shares of the fast-food giant’s stock worth $60,188,000 after purchasing an additional 2,180 shares in the last quarter. Finally, Choreo LLC lifted its stake in McDonald’s by 1.7% in the second quarter. Choreo LLC now owns 58,515 shares of the fast-food giant’s stock valued at $17,096,000 after acquiring an additional 954 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

MCD has been the topic of a number of research analyst reports. Morgan Stanley set a $335.00 price target on McDonald’s in a research note on Friday, October 17th. Stifel Nicolaus upped their price target on shares of McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a research note on Friday, August 22nd. Robert W. Baird raised their price objective on shares of McDonald’s from $322.00 to $325.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Wells Fargo & Company boosted their price objective on McDonald’s from $340.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Finally, Royal Bank Of Canada assumed coverage on McDonald’s in a research note on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 target price on the stock. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, McDonald’s presently has a consensus rating of “Hold” and an average price target of $324.57.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $312.43 on Friday. The stock has a market capitalization of $222.50 billion, a P/E ratio of 26.77, a PEG ratio of 3.23 and a beta of 0.50. The stock’s fifty day moving average is $303.55 and its 200 day moving average is $304.20. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32.

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 analysts’ consensus estimates of $3.33 by ($0.11). McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same quarter in the previous year, the company earned $3.23 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $1.86 per share. The ex-dividend date is Monday, December 1st. This represents a $7.44 annualized dividend and a dividend yield of 2.4%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio (DPR) is 63.48%.

Insider Activity

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the transaction, the chief marketing officer directly owned 6,858 shares in the company, valued at $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 3,195 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $305.82, for a total value of $977,094.90. Following the sale, the insider owned 6,088 shares of the company’s stock, valued at $1,861,832.16. The trade was a 34.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 34,463 shares of company stock valued at $10,549,351. 0.25% of the stock is owned by insiders.

McDonald’s Company 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.