Livforsakringsbolaget Skandia Omsesidigt Purchases 3,600 Shares of McDonald's Corporation $MCD

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in McDonald's by 20.9%, owning 20,820 shares worth $6,083,000 as of the latest SEC filing.
• McDonald's reported earnings of $3.19 per share for the last quarter, surpassing analyst expectations of $3.15, with revenues of $6.84 billion.
• The company announced a quarterly dividend of $1.77 per share, representing an annual yield of 2.4% and a payout ratio of 60.67%.

Livforsakringsbolaget Skandia Omsesidigt lifted its position in McDonald's Corporation (NYSE:MCD - Free Report) by 20.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,820 shares of the fast-food giant's stock after buying an additional 3,600 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in McDonald's were worth $6,083,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mascagni Wealth Management Inc. purchased a new position in shares of McDonald's during the fourth quarter valued at approximately $25,000. HFM Investment Advisors LLC purchased a new position in shares of McDonald's during the first quarter valued at approximately $26,000. Nova Wealth Management Inc. purchased a new position in shares of McDonald's during the first quarter valued at approximately $26,000. Pinney & Scofield Inc. purchased a new position in shares of McDonald's during the fourth quarter valued at approximately $29,000. Finally, Abound Financial LLC purchased a new position in shares of McDonald's during the first quarter valued at approximately $30,000. Institutional investors own 70.29% of the company's stock.

Insider Activity at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the transaction, the insider owned 9,283 shares in the company, valued at $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the transaction, the chief marketing officer owned 8,858 shares of the company's stock, valued at $2,657,400. This trade represents a 10.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,402 shares of company stock worth $2,273,407 in the last three months. Insiders own 0.25% of the company's stock.

McDonald's Trading Down 0.5%

Shares of NYSE:MCD traded down $1.50 during midday trading on Tuesday, reaching $301.49. 1,029,985 shares of the company were exchanged, compared to its average volume of 3,539,207. The business's fifty day moving average is $306.09 and its two-hundred day moving average is $306.29. McDonald's Corporation has a one year low of $276.53 and a one year high of $326.32. The stock has a market cap of $215.15 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 3.08 and a beta of 0.49.

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, 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 in the prior year, the business earned $2.97 earnings per share. McDonald's's revenue for the quarter was up 5.4% on a year-over-year basis. As a group, sell-side analysts expect that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. KeyCorp reissued an "overweight" rating and set a $335.00 price objective (up from $325.00) on shares of McDonald's in a report on Thursday, August 7th. Barclays boosted their price objective on shares of McDonald's from $355.00 to $360.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. BMO Capital Markets upped their target price on shares of McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a report on Thursday, September 4th. Morgan Stanley upped their target price on shares of McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. Finally, Argus cut shares of McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Eleven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, McDonald's presently has an average rating of "Hold" and a consensus 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.