McDonald's Corporation $MCD Stock Position Lowered by Swedbank AB

Key Points

• Swedbank AB has reduced its stake in McDonald's Corporation by 1.5%, now owning approximately 1,090,261 shares valued at $340.57 million.
• Several hedge funds increased their positions in McDonald's, with First American Trust FSB raising its stake by 55.9% and Banque Transatlantique SA by 58.0% in the same quarter.
• McDonald's announced a quarterly dividend of $1.77, with a yield of 2.3%, to be paid on September 16th, reflecting a dividend payout ratio of 60.67%.

Swedbank AB lessened its position in McDonald's Corporation (NYSE:MCD - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,090,261 shares of the fast-food giant's stock after selling 16,913 shares during the quarter. Swedbank AB owned approximately 0.15% of McDonald's worth $340,565,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. First American Trust FSB lifted its position in shares of McDonald's by 55.9% in the 1st quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant's stock valued at $11,532,000 after acquiring an additional 13,234 shares in the last quarter. Banque Transatlantique SA lifted its position in McDonald's by 58.0% in the 1st quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant's stock worth $71,829,000 after buying an additional 91,313 shares in the last quarter. Hamilton Capital LLC lifted its position in McDonald's by 35.2% in the 1st quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant's stock worth $982,000 after buying an additional 819 shares in the last quarter. Red Door Wealth Management LLC lifted its position in McDonald's by 1.9% in the 1st quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock worth $1,788,000 after buying an additional 109 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in McDonald's by 5.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock worth $107,867,000 after buying an additional 18,393 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the transaction, the insider directly owned 9,283 shares in the company, valued at approximately $2,780,165.67. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 completion of the transaction, the executive vice president owned 8,754 shares in the company, valued at $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,341 shares of company stock valued at $2,544,327. 0.25% of the stock is owned by corporate insiders.

McDonald's Stock Up 0.8%

Shares of MCD opened at $308.32 on Friday. The company's fifty day moving average is $305.09 and its 200-day moving average is $306.61. McDonald's Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The firm has a market cap of $220.02 billion, a price-to-earnings ratio of 26.42, a price-to-earnings-growth ratio of 3.12 and a beta of 0.50.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping the consensus estimate 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 company had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the prior year, the business posted $2.97 EPS. McDonald's's quarterly revenue was up 5.4% on a year-over-year basis. As a group, research analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid 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 presently 60.67%.

Analysts Set New Price Targets

MCD has been the subject of a number of research analyst reports. Argus downgraded shares of McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Truist Financial increased their target price on shares of McDonald's from $356.00 to $360.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. The Goldman Sachs Group upgraded shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 target price for the company in a research report on Thursday, July 10th. TD Cowen increased their target price on shares of McDonald's from $305.00 to $315.00 and gave the stock a "hold" rating in a research report on Wednesday, August 6th. Finally, Stifel Nicolaus increased their price target on shares of McDonald's from $300.00 to $315.00 and gave the stock a "hold" rating in a research note on Friday, August 22nd. Eleven investment 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's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $325.14.

McDonald's 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.

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