McDonald's Corporation (NYSE:MCD) Shares Purchased by Skandinaviska Enskilda Banken AB publ

Key Points

• Skandinaviska Enskilda Banken AB increased its holdings in McDonald's by 0.7%, now owning 145,915 shares worth approximately $45.6 million.
• In recent insider transactions, two executives sold shares, resulting in decreases of 9.19% and 10.14% in their respective holdings.
• McDonald's announced a quarterly dividend of $1.77, with a projected annual payout of $7.08, yielding 2.40% at the current stock price.

Skandinaviska Enskilda Banken AB publ grew its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 145,915 shares of the fast-food giant's stock after buying an additional 1,058 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in McDonald's were worth $45,623,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Phoenix Financial Ltd. increased its position in McDonald's by 14.9% during the first quarter. Phoenix Financial Ltd. now owns 570,214 shares of the fast-food giant's stock worth $178,138,000 after acquiring an additional 73,897 shares during the period. Stevens Capital Management LP acquired a new position in McDonald's during the 1st quarter worth about $1,813,000. Equitable Trust Co. lifted its position in McDonald's by 2.4% during the 1st quarter. Equitable Trust Co. now owns 20,372 shares of the fast-food giant's stock worth $6,364,000 after buying an additional 468 shares in the last quarter. Drive Wealth Management LLC lifted its position in McDonald's by 167.8% during the 1st quarter. Drive Wealth Management LLC now owns 5,425 shares of the fast-food giant's stock valued at $1,695,000 after purchasing an additional 3,399 shares during the period. Finally, Caliber Wealth Management LLC KS acquired a new position in McDonald's during the 1st quarter valued at about $641,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on MCD. Argus cut McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Piper Sandler lifted their target price on McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Northcoast Research downgraded McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Robert W. Baird boosted their price target on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group upgraded McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price target on the stock in a report on Thursday, July 10th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $322.00.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the transaction, the insider owned 9,283 shares of the company's stock, valued at $2,780,165.67. The trade was a 9.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business'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 completion of the transaction, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 3,817 shares of company stock valued at $1,147,992. Insiders own 0.25% of the company's stock.

McDonald's Trading Up 0.7%

Shares of MCD stock traded up $2.21 on Tuesday, reaching $301.43. 1,121,682 shares of the company's stock were exchanged, compared to its average volume of 3,589,077. The company's fifty day simple moving average is $300.56 and its 200 day simple moving average is $303.25. The stock has a market capitalization of $215.53 billion, a PE ratio of 26.60, a P/E/G ratio of 3.12 and a beta of 0.53. McDonald's Corporation has a 52 week low of $260.31 and a 52 week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting the consensus estimate of $2.67. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The firm had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same period in the previous year, the company posted $2.70 EPS. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $1.77 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.35%. McDonald's's payout ratio is presently 62.49%.

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.