Swedbank AB Sells 42,125 Shares of McDonald’s Co. (NYSE:MCD)

Swedbank AB trimmed its holdings in shares of McDonald’s Co. (NYSE:MCD) by 3.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,192,866 shares of the fast-food giant’s stock after selling 42,125 shares during the quarter. Swedbank AB owned 0.17% of McDonald’s worth $303,990,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of McDonald’s by 0.3% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 120,015 shares of the fast-food giant’s stock worth $30,876,000 after purchasing an additional 409 shares during the last quarter. Atwater Malick LLC grew its position in shares of McDonald’s by 1.8% in the 2nd quarter. Atwater Malick LLC now owns 38,223 shares of the fast-food giant’s stock valued at $9,741,000 after buying an additional 683 shares during the last quarter. Comprehensive Financial Consultants Institutional Inc. grew its position in shares of McDonald’s by 9.1% in the 2nd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 4,891 shares of the fast-food giant’s stock valued at $1,246,000 after buying an additional 407 shares during the last quarter. Mcdonald Partners LLC increased its stake in shares of McDonald’s by 1.6% in the second quarter. Mcdonald Partners LLC now owns 5,794 shares of the fast-food giant’s stock valued at $1,477,000 after buying an additional 90 shares during the period. Finally, Community Trust & Investment Co. raised its position in shares of McDonald’s by 0.8% during the second quarter. Community Trust & Investment Co. now owns 11,421 shares of the fast-food giant’s stock worth $2,911,000 after acquiring an additional 90 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Up 1.3 %

NYSE MCD traded up $3.62 on Friday, reaching $278.49. The company had a trading volume of 3,200,367 shares, compared to its average volume of 3,568,595. The company’s fifty day moving average is $258.26 and its 200 day moving average is $271.29. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $302.39. The stock has a market capitalization of $200.70 billion, a P/E ratio of 23.62, a P/E/G ratio of 3.58 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.92% and a net margin of 32.25%. The firm had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the previous year, the company earned $3.17 EPS. The business’s revenue was down .1% compared to the same quarter last year. On average, research analysts expect that McDonald’s Co. will post 11.71 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a $1.67 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a yield of 2.40%. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

Analyst Ratings Changes

A number of research firms have weighed in on MCD. Deutsche Bank Aktiengesellschaft decreased their target price on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Loop Capital lowered their target price on shares of McDonald’s from $357.00 to $342.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Truist Financial cut their price target on shares of McDonald’s from $300.00 to $295.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Jefferies Financial Group lowered their price objective on McDonald’s from $320.00 to $310.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Finally, Evercore ISI dropped their price objective on McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 16th. Eleven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $303.00.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the completion of the transaction, the insider now directly owns 15,878 shares of the company’s stock, valued at $4,209,734.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the transaction, the insider now owns 15,878 shares of the company’s stock, valued at $4,209,734.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the transaction, the insider now owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The disclosure for this sale can be found here. Insiders have sold a total of 4,794 shares of company stock valued at $1,234,491 in the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.