Nordea Investment Management AB Lowers Stock Position in McDonald’s Corporation $MCD

Nordea Investment Management AB decreased its holdings in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 8.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 497,212 shares of the fast-food giant’s stock after selling 43,878 shares during the period. Nordea Investment Management AB’s holdings in McDonald’s were worth $151,948,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MCD. WD Rutherford LLC boosted its stake in shares of McDonald’s by 1.0% in the third quarter. WD Rutherford LLC now owns 3,261 shares of the fast-food giant’s stock valued at $991,000 after buying an additional 33 shares in the last quarter. Redhawk Wealth Advisors Inc. raised its position in McDonald’s by 1.4% in the third quarter. Redhawk Wealth Advisors Inc. now owns 2,423 shares of the fast-food giant’s stock worth $736,000 after acquiring an additional 34 shares in the last quarter. Symmetry Partners LLC lifted its holdings in McDonald’s by 2.0% in the third quarter. Symmetry Partners LLC now owns 1,771 shares of the fast-food giant’s stock valued at $538,000 after acquiring an additional 34 shares during the period. Jackson Hole Capital Partners LLC lifted its holdings in McDonald’s by 0.3% in the third quarter. Jackson Hole Capital Partners LLC now owns 11,032 shares of the fast-food giant’s stock valued at $3,352,000 after acquiring an additional 34 shares during the period. Finally, CFO4Life Group LLC boosted its position in shares of McDonald’s by 2.1% during the 3rd quarter. CFO4Life Group LLC now owns 1,669 shares of the fast-food giant’s stock worth $507,000 after purchasing an additional 34 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting McDonald’s

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

Insider Buying and Selling

In related news, EVP Jonathan Banner sold 6,201 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $333.29, for a total value of $2,066,731.29. Following the sale, the executive vice president owned 2,291 shares of the company’s stock, valued at approximately $763,567.39. This represents a 73.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher J. Kempczinski sold 26,277 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $331.35, for a total value of $8,706,883.95. Following the sale, the chief executive officer owned 22,900 shares in the company, valued at approximately $7,587,915. This trade represents a 53.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 71,657 shares of company stock valued at $23,722,204. 0.25% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MCD shares. Barclays increased their price target on shares of McDonald’s from $372.00 to $380.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Royal Bank Of Canada boosted their price objective on shares of McDonald’s from $320.00 to $330.00 and gave the stock a “sector perform” rating in a report on Thursday, February 12th. Guggenheim lowered their target price on shares of McDonald’s from $325.00 to $320.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Citigroup increased their target price on shares of McDonald’s from $371.00 to $375.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Finally, KeyCorp lifted their price target on shares of McDonald’s from $340.00 to $354.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $339.69.

View Our Latest Report on MCD

McDonald’s Stock Down 0.1%

McDonald’s stock opened at $309.42 on Monday. The firm has a market capitalization of $219.81 billion, a PE ratio of 25.89, a P/E/G ratio of 2.75 and a beta of 0.51. McDonald’s Corporation has a 52 week low of $283.47 and a 52 week high of $341.75. The firm’s 50-day simple moving average is $321.59 and its 200 day simple moving average is $311.63.

McDonald’s (NYSE:MCDGet Free Report) last posted its earnings results on Wednesday, February 11th. The fast-food giant reported $3.12 earnings per share for the quarter, beating the consensus estimate of $3.05 by $0.07. The firm had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.81 billion. McDonald’s had a net margin of 31.85% and a negative return on equity of 343.90%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the firm posted $2.83 EPS. On average, research analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd were paid a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is 62.26%.

About McDonald’s

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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