Tredje AP fonden Increases Holdings in McDonald’s Co. (NYSE:MCD)

Tredje AP fonden grew its position in shares of McDonald’s Co. (NYSE:MCD) by 9.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,666 shares of the fast-food giant’s stock after buying an additional 10,500 shares during the quarter. Tredje AP fonden’s holdings in McDonald’s were worth $29,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dixon Mitchell Investment Counsel Inc. purchased a new position in McDonald’s in the first quarter worth about $28,000. Clear Investment Research LLC purchased a new position in shares of McDonald’s in the fourth quarter worth approximately $38,000. Kings Path Partners LLC bought a new stake in McDonald’s during the second quarter valued at approximately $38,000. Accent Capital Management LLC bought a new stake in McDonald’s during the fourth quarter valued at approximately $44,000. Finally, Transcendent Capital Group LLC purchased a new stake in McDonald’s during the fourth quarter valued at approximately $45,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Stock Performance

NYSE MCD opened at $293.73 on Wednesday. The stock has a 50 day moving average price of $274.83 and a 200-day moving average price of $270.53. McDonald’s Co. has a one year low of $243.53 and a one year high of $302.39. The company has a market capitalization of $211.69 billion, a P/E ratio of 24.93, a P/E/G ratio of 3.88 and a beta of 0.72.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The business had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter last year, the business earned $3.17 EPS. McDonald’s’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities analysts predict that McDonald’s Co. will post 11.67 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $1.67 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $6.68 annualized dividend and a yield of 2.27%. McDonald’s’s payout ratio is currently 56.71%.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $260.00, for a total transaction of $285,480.00. Following the transaction, the insider now owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total transaction of $428,967.28. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at $446,721.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the sale, the insider now owns 14,780 shares in the company, valued at $3,842,800. The disclosure for this sale can be found here. Insiders have sold a total of 6,291 shares of company stock worth $1,689,073 over the last ninety days. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MCD shares. KeyCorp cut their price objective on shares of McDonald’s from $310.00 to $305.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Citigroup boosted their price target on McDonald’s from $275.00 to $301.00 and gave the company a “neutral” rating in a report on Friday, September 13th. Stifel Nicolaus reduced their price target on McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Tigress Financial boosted their price objective on McDonald’s from $355.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, BMO Capital Markets reduced their target price on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a report on Tuesday, July 30th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $306.11.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.