PensionDanmark Pensionsforsikringsaktieselskab Has $33.61 Million Stock Holdings in McDonald's Corporation $MCD

Key Points

• PensionDanmark reduced its McDonald’s stake by 9.5% in the second quarter, selling 13,039 shares and retaining 124,355 shares valued at approximately $33.61 million. Institutional investors collectively own 70.29% of the company.
• Analysts maintain a generally positive outlook, with McDonald’s carrying a “Moderate Buy” consensus rating and an average price target of $325.44, above its recent $276.05 share price.
• McDonald’s exceeded quarterly earnings expectations with EPS of $3.38, though revenue slightly missed forecasts; the company also declared a quarterly dividend of $1.86, representing a 2.7% annualized yield.

PensionDanmark Pensionsforsikringsaktieselskab decreased its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 9.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,355 shares of the fast-food giant's stock after selling 13,039 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab's holdings in McDonald's were worth $33,614,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Your Advocates Ltd. LLP bought a new position in shares of McDonald's in the 4th quarter valued at about $27,000. IFC & Insurance Marketing Inc. acquired a new position in shares of McDonald's during the 4th quarter worth about $29,000. Abound Financial LLC bought a new stake in shares of McDonald's in the 4th quarter valued at about $30,000. DecisionPoint Financial LLC lifted its stake in McDonald's by 1,616.7% in the 4th quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant's stock valued at $31,000 after purchasing an additional 97 shares during the last quarter. Finally, Entrust Financial LLC acquired a new stake in McDonald's in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MCD shares. Piper Sandler set a $286.00 price target on McDonald's in a research report on Tuesday. TD Cowen reaffirmed a "hold" rating on shares of McDonald's in a research report on Tuesday. Rothschild & Co Redburn upgraded McDonald's from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $260.00 to $306.00 in a research note on Thursday, April 23rd. Sanford C. Bernstein reissued a "market perform" rating and set a $295.00 target price on shares of McDonald's in a report on Wednesday. Finally, Erste Group Bank downgraded McDonald's from a "buy" rating to a "hold" rating in a report on Monday, April 27th. Sixteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, McDonald's presently has an average rating of "Moderate Buy" and an average price target of $325.44.

Insider Transactions at McDonald's

In other McDonald's news, EVP Desiree Ralls-Morrison sold 2,763 shares of the business's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $278.36, for a total value of $769,108.68. Following the completion of the sale, the executive vice president owned 6,268 shares of the company's stock, valued at $1,744,760.48. The trade was a 30.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 5,252 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the transaction, the insider owned 7,734 shares in the company, valued at approximately $2,198,930.88. The trade was a 40.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 8,348 shares of company stock worth $2,355,634. 0.26% of the stock is owned by insiders.

McDonald's Price Performance

MCD opened at $276.05 on Friday. The business has a fifty day simple moving average of $274.14 and a 200 day simple moving average of $296.58. McDonald's Corporation has a 1 year low of $260.96 and a 1 year high of $341.75. The company has a market capitalization of $196.13 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 2.94 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 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.06. McDonald's had a negative return on equity of 512.80% and a net margin of 31.72%.The firm had revenue of $7.10 billion for the quarter, compared to analysts' expectations of $7.13 billion. During the same quarter last year, the business earned $3.19 EPS. The company's quarterly revenue was up 3.7% compared to the same quarter last year. Equities analysts anticipate that McDonald's Corporation will post 12.86 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Tuesday, September 1st will be paid a $1.86 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $7.44 annualized dividend and a dividend yield of 2.7%. McDonald's's dividend payout ratio is 60.44%.

More McDonald's News

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

• Positive Sentiment: Quarterly profit exceeded expectations. McDonald’s reported adjusted earnings of $3.38 per share, above the $3.32 consensus estimate, while revenue rose 3.7% year over year to $7.10 billion. The earnings beat and 31.7% net margin provide support for the stock. McDonald’s posts strong second quarter profit, names new leader for US market
• Positive Sentiment: Analyst support and income appeal remain intact. BTIG reaffirmed its Buy rating with a $350 price target, while the stock’s dividend and consensus Moderate Buy view may attract investors after the recent weakness. BTIG rating reaffirmed
• Positive Sentiment: Management is taking corrective action. McDonald’s appointed a new U.S. leader and is reviewing value offers, digital promotions, restaurant workloads and marketing execution. Stronger international performance could help offset domestic softness. MCD Q2 Earnings Call Flags U.S. Execution Gaps
• Neutral Sentiment: Price targets were reduced but remain above the current level. Morgan Stanley, RBC and Baird lowered their targets to $319, $295 and $285, respectively, citing a more cautious near-term outlook. Their ratings range from Equal Weight to Neutral. Analyst price-target changes
• Negative Sentiment: U.S. growth remains the central concern. Domestic comparable sales rose only 0.8% in the second quarter, and management acknowledged that the current value menu is too complicated and that reduced digital discounts have hurt traffic. Lower-income customers are also spending less at McDonald’s. McDonald’s Looks to Fix a Value Misfire
• Negative Sentiment: Competitive pressure is increasing. Burger King is gaining U.S. sales momentum after revamping its Whopper, while McDonald’s expansion toward 50,000 restaurants is taking longer than planned because of economic conditions. Burger King’s US sales surge while McDonald’s growth flails

McDonald's Profile

McDonald's Corporation NYSE: MCD is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald's serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand's national and international expansion.

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