Nykredit A S Takes Position in McDonald's Corporation $MCD

Key Points

• Nykredit A/S acquired 239,500 McDonald’s shares during the second quarter, valued at approximately $64.7 million. Institutional investors and hedge funds collectively own 70.29% of the stock.
• McDonald’s raised its quarterly dividend 3.8% to $1.93 per share, marking 50 consecutive years of dividend increases and an annualized yield of about 3.1%.
• The stock opened at $248.69, near its 52-week low, while analysts maintain a “Moderate Buy” consensus with an average price target of $316.39. Recent quarterly earnings exceeded estimates, though revenue fell slightly short of expectations.

Nykredit A S bought a new position in shares of McDonald's Corporation (NYSE:MCD - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 239,500 shares of the fast-food giant's stock, valued at approximately $64,739,000.

Other large investors have also recently bought and sold shares of the company. State Street Corp raised its position in shares of McDonald's by 2.7% during the fourth quarter. State Street Corp now owns 35,983,997 shares of the fast-food giant's stock valued at $10,997,789,000 after buying an additional 959,140 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of McDonald's by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 17,038,519 shares of the fast-food giant's stock worth $5,195,965,000 after acquiring an additional 76,090 shares during the period. Norges Bank bought a new stake in shares of McDonald's in the 4th quarter worth approximately $2,890,438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of McDonald's by 7.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,560,037 shares of the fast-food giant's stock worth $1,699,314,000 after purchasing an additional 384,762 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of McDonald's by 0.8% during the 4th quarter. Bank of New York Mellon Corp now owns 5,283,655 shares of the fast-food giant's stock worth $1,614,843,000 after purchasing an additional 40,506 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting McDonald's

Here are the key news stories impacting McDonald's this week:

• Positive Sentiment: McDonald’s raised its quarterly dividend 3.8% to $1.93 per share, or $7.72 annualized, marking 50 consecutive years of increases and officially placing the company among the Dividend Kings. The increase supports the stock’s income appeal, with a yield of approximately 3.1%. McDonald’s marks 50 consecutive years of dividend increases
• Positive Sentiment: BTIG initiated or reiterated a “Buy” rating, while Citigroup maintained a Buy rating despite reducing its price target from $345 to $310. The revised target still implies substantial potential upside from current levels. McDonald’s earns Buy rating from BTIG Research
• Positive Sentiment: One Wall Street analyst argues that the selloff has created a possible 45% recovery opportunity if McDonald’s can restore sales momentum and close its valuation gap with the broader market. McDonald’s potential 45% gain

McDonald's Price Performance

MCD stock opened at $248.69 on Friday. The business has a fifty day moving average price of $264.98 and a 200 day moving average price of $283.86. McDonald's Corporation has a fifty-two week low of $247.65 and a fifty-two week high of $341.75. The stock has a market capitalization of $175.98 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 2.69 and a beta of 0.41.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The fast-food giant reported $3.38 EPS for the quarter, topping analysts' consensus estimates of $3.32 by $0.06. McDonald's had a negative return on equity of 572.06% and a net margin of 31.72%.The company had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.13 billion. During the same quarter in the previous year, the firm earned $3.19 earnings per share. The business's revenue was up 3.7% on a year-over-year basis. On average, equities analysts expect that McDonald's Corporation will post 12.88 earnings per share for the current fiscal year.

McDonald's Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a $1.93 dividend. This is a boost from McDonald's's previous quarterly dividend of $1.86. This represents a $7.72 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, December 1st. McDonald's's payout ratio is presently 60.44%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Morgan Stanley cut their target price on McDonald's from $319.00 to $308.00 and set an "equal weight" rating for the company in a research note on Monday. Mizuho decreased their price target on shares of McDonald's from $300.00 to $290.00 and set a "neutral" rating on the stock in a research note on Friday, July 31st. KeyCorp lowered their price target on shares of McDonald's from $315.00 to $305.00 and set an "overweight" rating on the stock in a report on Wednesday, August 5th. Freedom Capital upgraded shares of McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 5th. Finally, UBS Group set a $305.00 price objective on shares of McDonald's in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $316.39.

McDonald's Company Profile

McDonald's Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald's brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald's mobile app.

The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.

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