Fjarde AP Fonden Fourth Swedish National Pension Fund Has $51.53 Million Position in McDonald's Corporation (NYSE:MCD)

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in McDonald's Corporation by 25.1%, now owning 164,970 shares valued at approximately $51.53 million.
• Several institutional investors significantly increased their positions in McDonald's, with Nuveen LLC acquiring over $1.3 billion worth of shares during the first quarter.
• McDonald's announced a quarterly dividend of $1.77, yielding 2.3%, with a payout ratio currently at 60.67%.

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 25.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 164,970 shares of the fast-food giant's stock after selling 55,400 shares during the period. McDonald's accounts for 0.6% of Fjarde AP Fonden Fourth Swedish National Pension Fund's portfolio, making the stock its 28th largest position. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in McDonald's were worth $51,532,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Nuveen LLC bought a new position in shares of McDonald's during the first quarter worth $1,324,961,000. GAMMA Investing LLC boosted its position in shares of McDonald's by 39,039.7% during the first quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock worth $1,092,645,000 after purchasing an additional 3,488,982 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new position in shares of McDonald's during the fourth quarter worth $350,935,000. Northern Trust Corp boosted its position in shares of McDonald's by 11.2% during the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock worth $2,570,511,000 after purchasing an additional 895,896 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of McDonald's by 19.6% during the first quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant's stock worth $1,556,485,000 after purchasing an additional 815,768 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Analysts Set New Price Targets

MCD has been the topic of several research reports. The Goldman Sachs Group raised shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price objective on the stock in a research report on Thursday, July 10th. Redburn Atlantic reaffirmed a "sell" rating and issued a $260.00 target price (down from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Truist Financial upped their target price on shares of McDonald's from $356.00 to $360.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Melius initiated coverage on shares of McDonald's in a report on Monday, July 14th. They issued a "sell" rating and a $250.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their target price on shares of McDonald's from $305.00 to $310.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $326.87.

Insider Buying and Selling at McDonald's

In other news, CMO Edith Morgan Flatley sold 976 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $303.50, for a total transaction of $296,216.00. Following the completion of the transaction, the chief marketing officer owned 7,882 shares of the company's stock, valued at approximately $2,392,187. This trade represents a 11.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm'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 transaction, the executive vice president directly owned 8,754 shares of the company's stock, valued at $2,713,740. The trade was a 22.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,280 shares of company stock worth $2,215,178 over the last quarter. Corporate insiders own 0.25% of the company's stock.

McDonald's Price Performance

Shares of McDonald's stock opened at $304.82 on Thursday. McDonald's Corporation has a fifty-two week low of $268.50 and a fifty-two week high of $326.32. The firm has a market capitalization of $217.52 billion, a P/E ratio of 26.12, a P/E/G ratio of 3.08 and a beta of 0.52. The company's 50 day moving average price is $298.03 and its two-hundred day moving average price is $304.74.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $6.68 billion. During the same quarter last year, the business posted $2.97 earnings per share. The company's quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a $1.77 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. McDonald's's dividend payout ratio (DPR) is currently 60.67%.

About McDonald's

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.