McDonald's Corporation $MCD Shares Sold by Lansforsakringar Fondforvaltning AB publ

Key Points

• Lansforsakringar Fondforvaltning AB sold 6,459 shares of McDonald's, reducing its holdings by 2.8%, leaving it with 227,616 shares valued at approximately $71.1 million.
• McDonald's reported earnings of $3.19 per share for the last quarter, surpassing estimates, with revenues reaching $6.84 billion, a 5.4% increase year-over-year.
• The company will pay a quarterly dividend of $1.77 per share on September 16, with a current yield of 2.3% and a payout ratio of 60.67%.

Lansforsakringar Fondforvaltning AB publ lessened its position in McDonald's Corporation (NYSE:MCD - Free Report) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 227,616 shares of the fast-food giant's stock after selling 6,459 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in McDonald's were worth $71,100,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. WealthPlan Investment Management LLC raised its holdings in shares of McDonald's by 0.9% in the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant's stock valued at $1,134,000 after buying an additional 32 shares during the period. Granite Bay Wealth Management LLC raised its holdings in shares of McDonald's by 3.5% in the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock valued at $309,000 after buying an additional 33 shares during the period. CVA Family Office LLC grew its stake in McDonald's by 1.9% during the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after purchasing an additional 33 shares in the last quarter. Consilium Wealth Advisory LLC grew its stake in McDonald's by 2.5% during the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock worth $417,000 after purchasing an additional 33 shares in the last quarter. Finally, Security Financial Services INC. grew its stake in McDonald's by 0.7% during the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant's stock worth $1,575,000 after purchasing an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

McDonald's Price Performance

Shares of MCD stock traded up $1.46 during trading hours on Monday, reaching $313.68. 2,490,658 shares of the company's stock were exchanged, compared to its average volume of 3,446,957. The company has a market cap of $223.85 billion, a P/E ratio of 26.88, a price-to-earnings-growth ratio of 3.19 and a beta of 0.49. The company's 50 day moving average is $301.22 and its two-hundred day moving average is $306.16. McDonald's Corporation has a 1 year low of $276.53 and a 1 year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced 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 firm had revenue of $6.84 billion for the quarter, compared to analysts' expectations of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.McDonald's's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.97 EPS. As a group, analysts predict that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The business also recently disclosed 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 of this dividend is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.3%. McDonald's's dividend payout ratio (DPR) is 60.67%.

Analysts Set New Price Targets

Several research analysts recently commented on MCD shares. Loop Capital cut McDonald's from a "buy" rating to a "hold" rating and lowered their target price for the stock from $346.00 to $315.00 in a research note on Friday, June 6th. Evercore ISI upped their price objective on McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Redburn Atlantic reaffirmed a "sell" rating and set a $260.00 price objective (down from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. The Goldman Sachs Group raised McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price objective for the company in a research report on Thursday, July 10th. Finally, Northcoast Research cut McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Thirteen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, McDonald's has a consensus rating of "Hold" and an average price target of $326.38.

Insider Buying and Selling

In other news, EVP Jonathan Banner sold 1,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the sale, the executive vice president directly owned 99 shares in the company, valued at $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the sale, the chief marketing officer owned 8,858 shares of the company's stock, valued at $2,657,400. This represents a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,341 shares of company stock valued at $2,229,327. 0.25% of the stock is owned by company insiders.

McDonald's Company Profile

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.