Handelsbanken Fonder AB Buys 477 Shares of McDonald’s Co. (NYSE:MCD)

Handelsbanken Fonder AB lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 0.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 243,860 shares of the fast-food giant’s stock after purchasing an additional 477 shares during the quarter. Handelsbanken Fonder AB’s holdings in McDonald’s were worth $74,258,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cullen Investment Group LTD. boosted its holdings in shares of McDonald’s by 4.8% in the 3rd quarter. Cullen Investment Group LTD. now owns 2,175 shares of the fast-food giant’s stock worth $662,000 after buying an additional 99 shares during the last quarter. Quent Capital LLC raised its position in shares of McDonald’s by 19.8% in the third quarter. Quent Capital LLC now owns 3,068 shares of the fast-food giant’s stock valued at $934,000 after purchasing an additional 508 shares during the period. Inspirion Wealth Advisors LLC raised its holdings in McDonald’s by 4.5% during the 3rd quarter. Inspirion Wealth Advisors LLC now owns 3,361 shares of the fast-food giant’s stock valued at $1,023,000 after acquiring an additional 146 shares during the period. Harbor Investment Advisory LLC lifted its holdings in McDonald’s by 3.9% during the 3rd quarter. Harbor Investment Advisory LLC now owns 4,452 shares of the fast-food giant’s stock worth $1,356,000 after purchasing an additional 166 shares in the last quarter. Finally, Triton Wealth Management PLLC purchased a new stake in shares of McDonald’s in the third quarter worth about $219,000. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Performance

McDonald’s stock traded up $0.31 during midday trading on Friday, hitting $303.76. 2,432,634 shares of the company were exchanged, compared to its average volume of 3,415,004. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $306.96. The firm has a market capitalization of $218.91 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 3.99 and a beta of 0.73. The business has a fifty day simple moving average of $286.67 and a two-hundred day simple moving average of $271.81.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The firm had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. During the same period in the previous year, the firm posted $3.17 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. As a group, equities analysts expect that McDonald’s Co. will post 11.69 earnings per share for the current year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.33%. The ex-dividend date is Monday, December 2nd. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s payout ratio is 60.10%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 11,727 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the completion of the sale, the chief executive officer now owns 49,885 shares of the company’s stock, valued at $14,966,996.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Christopher J. Kempczinski sold 9,291 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the completion of the transaction, the chief executive officer now directly owns 43,256 shares of the company’s stock, valued at $13,193,080. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $300.03, for a total value of $3,518,451.81. Following the transaction, the chief executive officer now directly owns 49,885 shares of the company’s stock, valued at approximately $14,966,996.55. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,751 shares of company stock worth $9,493,973. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MCD. BMO Capital Markets lowered their price target on McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. Morgan Stanley decreased their price objective on shares of McDonald’s from $312.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. Wedbush reaffirmed an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a research note on Monday, July 29th. Stifel Nicolaus cut their price objective on McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Finally, Truist Financial decreased their price target on shares of McDonald’s from $300.00 to $295.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $309.15.

McDonald’s 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.