Handelsbanken Fonder AB Sells 4,113 Shares of McDonald's Co. (NYSE:MCD)

Handelsbanken Fonder AB cut its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 1.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 244,634 shares of the fast-food giant's stock after selling 4,113 shares during the period. Handelsbanken Fonder AB's holdings in McDonald's were worth $76,416,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mattern Capital Management LLC increased its holdings in McDonald's by 2.0% in the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock valued at $8,729,000 after buying an additional 579 shares during the period. Bell Bank grew its holdings in shares of McDonald's by 3.0% during the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock valued at $3,681,000 after purchasing an additional 371 shares during the last quarter. Integral Investment Advisors Inc. grew its holdings in shares of McDonald's by 2.6% during the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock valued at $1,888,000 after purchasing an additional 164 shares during the last quarter. Aviva PLC grew its holdings in shares of McDonald's by 5.6% during the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant's stock valued at $125,350,000 after purchasing an additional 23,024 shares during the last quarter. Finally, APG Asset Management N.V. grew its holdings in shares of McDonald's by 1,547.1% during the 4th quarter. APG Asset Management N.V. now owns 641,950 shares of the fast-food giant's stock valued at $179,715,000 after purchasing an additional 602,976 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the completion of the sale, the insider now owns 11,161 shares in the company, valued at approximately $3,516,496.27. The trade was a 7.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.25% of the stock is currently owned by company insiders.

McDonald's Price Performance

Shares of NYSE:MCD traded up $1.50 during mid-day trading on Wednesday, hitting $301.93. The company had a trading volume of 3,312,112 shares, compared to its average volume of 3,509,391. The firm has a fifty day moving average price of $311.79 and a 200 day moving average price of $302.84. The company has a market capitalization of $215.89 billion, a PE ratio of 26.51, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56. McDonald's Co. has a one year low of $243.53 and a one year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting the consensus estimate of $2.67. The company had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. McDonald's's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.70 EPS. Research analysts expect that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.34%. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Analysts Set New Price Targets

MCD has been the topic of several research reports. Northcoast Research lowered shares of McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. BMO Capital Markets reaffirmed an "outperform" rating and set a $345.00 price target (up from $340.00) on shares of McDonald's in a report on Monday, May 5th. Robert W. Baird lifted their price target on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Loop Capital lowered shares of McDonald's from a "buy" rating to a "hold" rating and decreased their price target for the company from $346.00 to $315.00 in a report on Friday, June 6th. Finally, KeyCorp lifted their price target on shares of McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $321.79.

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.