Tredje AP fonden Has $22.82 Million Holdings in McDonald's Corporation (NYSE:MCD)

Key Points

• Tredje AP fonden has reduced its holdings in McDonald's Corporation by 36%, now owning 73,056 shares worth approximately $22.82 million.
• Insider sales include Joseph M. Erlinger selling 939 shares valued at over $281,000 and Edith Morgan Flatley selling 1,000 shares worth $300,000, reflecting a decrease in their ownership.
• McDonald's reported a net margin of 31.75% and a decrease in quarterly revenue by 3.5% year-over-year, leading to an earnings per share of $2.67, which met analysts' estimates.

Tredje AP fonden trimmed its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 36.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,056 shares of the fast-food giant's stock after selling 41,101 shares during the period. Tredje AP fonden's holdings in McDonald's were worth $22,821,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in McDonald's by 39,039.7% in the first quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock valued at $1,092,645,000 after buying an additional 3,488,982 shares during the period. Castlekeep Investment Advisors LLC acquired a new stake in McDonald's during the fourth quarter worth approximately $350,935,000. Northern Trust Corp boosted its holdings in shares of McDonald's by 11.2% during the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock worth $2,570,511,000 after acquiring an additional 895,896 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in McDonald's in the 4th quarter valued at $211,824,000. Finally, APG Asset Management N.V. boosted its stake in McDonald's by 1,547.1% in the 4th quarter. APG Asset Management N.V. now owns 641,950 shares of the fast-food giant's stock valued at $179,715,000 after purchasing an additional 602,976 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insider Activity at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction on Wednesday, July 23rd. The stock was 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 $2,780,165.67. The trade was a 9.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald's stock in a transaction on 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 directly owned 8,858 shares of the company's stock, valued at approximately $2,657,400. The trade was 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 worth $1,147,992. Company insiders own 0.25% of the company's stock.

McDonald's Stock Performance

NYSE MCD traded down $3.31 on Thursday, reaching $300.30. The stock had a trading volume of 3,619,632 shares, compared to its average volume of 3,222,961. The stock has a market cap of $214.72 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 3.18 and a beta of 0.53. The business's 50-day moving average price is $299.68 and its 200 day moving average price is $303.37. McDonald's Corporation has a 12-month low of $262.40 and a 12-month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting 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 business had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the prior year, the business earned $2.70 earnings per share. The business's revenue was down 3.5% on a year-over-year basis. On average, sell-side analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.4%. McDonald's's dividend payout ratio (DPR) is 62.49%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group raised McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price target on the stock in a research note on Thursday, July 10th. KeyCorp reduced their price target on McDonald's from $340.00 to $325.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. Bank of America dropped their price target on McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a research note on Friday, July 18th. Northcoast Research downgraded McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Finally, Argus cut McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, McDonald's has an average rating of "Hold" and an average price target of $323.39.

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.