McDonald’s Corporation $MCD Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in McDonald’s Corporation (NYSE:MCD) by 22.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 202,070 shares of the fast-food giant’s stock after purchasing an additional 37,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in McDonald’s were worth $59,039,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Nova Wealth Management Inc. acquired a new position in shares of McDonald’s during the first quarter valued at approximately $26,000. HFM Investment Advisors LLC acquired a new position in shares of McDonald’s during the first quarter valued at approximately $26,000. Abound Financial LLC acquired a new position in shares of McDonald’s during the first quarter valued at approximately $30,000. GFG Capital LLC acquired a new position in shares of McDonald’s during the second quarter valued at approximately $29,000. Finally, Redmont Wealth Advisors LLC acquired a new position in McDonald’s in the first quarter worth approximately $31,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. TD Cowen lifted their price target on shares of McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a research report on Wednesday, August 6th. Bank of America decreased their price target on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating on the stock in a research report on Friday, July 18th. The Goldman Sachs Group upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price target on the stock in a research report on Thursday, July 10th. Evercore ISI lifted their price target on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of McDonald’s in a research report on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $323.43.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction 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 sale, the chief marketing officer owned 6,858 shares of the company’s stock, valued at $2,160,270. This trade represents a 12.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the sale, the executive vice president directly owned 8,754 shares of the company’s stock, valued at $2,713,740. This trade represents a 22.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,463 shares of company stock valued at $1,692,186 in the last quarter. Company insiders own 0.25% of the company’s stock.

McDonald’s Stock Performance

McDonald’s stock opened at $309.97 on Tuesday. The company has a 50 day moving average price of $306.52 and a 200 day moving average price of $305.71. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The firm has a market capitalization of $221.19 billion, a price-to-earnings ratio of 26.56, a P/E/G ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.04. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The firm had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same quarter last year, the business posted $2.97 EPS. The company’s revenue was up 5.4% on a year-over-year basis. Equities analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $1.86 per share. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Monday, December 1st. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.4%. McDonald’s’s dividend payout ratio (DPR) is 60.67%.

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.