Livforsakringsbolaget Skandia Omsesidigt Grows Stake in McDonald's Corporation $MCD

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in McDonald's Corp. by 332.8%, now owning 74,520 shares valued at approximately $21.77 million.
• McDonald's reported $3.19 EPS for the last quarter, exceeding estimates, along with a revenue of $6.84 billion, marking a year-over-year increase of 5.4%.
• The latest quarterly dividend of $1.77 will be paid on September 16th, representing a 2.3% yield with a payout ratio of 60.67%.

Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 332.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,520 shares of the fast-food giant's stock after purchasing an additional 57,300 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in McDonald's were worth $21,773,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in McDonald's by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after buying an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of McDonald's by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after acquiring an additional 52 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its position in shares of McDonald's by 15.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock valued at $60,722,000 after acquiring an additional 27,774 shares in the last quarter. GHE LLC lifted its position in shares of McDonald's by 0.9% in the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock valued at $4,255,000 after acquiring an additional 136 shares in the last quarter. Finally, Triglav Skladi D.O.O. purchased a new position in shares of McDonald's in the fourth quarter valued at approximately $5,437,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

McDonald's Price Performance

Shares of MCD stock traded up $1.16 during trading on Friday, hitting $302.30. 5,689,476 shares of the stock traded hands, compared to its average volume of 2,880,444. 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 $215.72 billion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 3.07 and a beta of 0.50. The firm's fifty day moving average price is $306.06 and its 200-day moving average price is $306.45.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating analysts' consensus estimates of $3.15 by $0.04. The company had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.97 earnings per share. As a group, equities research analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a $1.77 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. McDonald's's payout ratio is presently 60.67%.

Insider Transactions at McDonald's

In related news, EVP Jonathan Banner sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the sale, the executive vice president directly owned 99 shares of the company's stock, valued at $30,690. This represents a 90.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the sale, the insider directly owned 9,283 shares in the company, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,341 shares of company stock worth $2,544,327 over the last quarter. 0.25% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Truist Financial raised their price objective on McDonald's from $356.00 to $360.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Melius began coverage on shares of McDonald's in a research note on Monday, July 14th. They issued a "sell" rating and a $250.00 price target on the stock. Guggenheim reissued a "neutral" rating on shares of McDonald's in a research note on Friday, August 8th. KeyCorp reissued an "overweight" rating and issued a $335.00 target price (up from $325.00) on shares of McDonald's in a research note on Thursday, August 7th. Finally, Erste Group Bank lowered shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. Eleven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, McDonald's has a consensus rating of "Hold" and an average price target of $325.86.

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.