Andra AP fonden Buys 79,211 Shares of McDonald’s Corporation $MCD

Andra AP fonden lifted its stake in McDonald’s Corporation (NYSE:MCDFree Report) by 995.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,171 shares of the fast-food giant’s stock after purchasing an additional 79,211 shares during the period. Andra AP fonden’s holdings in McDonald’s were worth $27,092,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Peterson Wealth Services boosted its position in McDonald’s by 3,294.5% during the 4th quarter. Peterson Wealth Services now owns 11,779 shares of the fast-food giant’s stock valued at $3,600,000 after purchasing an additional 11,432 shares during the period. Harbour Investments Inc. increased its position in McDonald’s by 84.4% in the fourth quarter. Harbour Investments Inc. now owns 35,510 shares of the fast-food giant’s stock worth $10,853,000 after buying an additional 16,252 shares during the period. Capital International Sarl lifted its stake in McDonald’s by 10.4% in the fourth quarter. Capital International Sarl now owns 64,256 shares of the fast-food giant’s stock valued at $19,639,000 after buying an additional 6,079 shares during the last quarter. North Dakota State Investment Board bought a new stake in McDonald’s in the fourth quarter valued at $7,493,000. Finally, Pittenger & Anderson Inc. boosted its holdings in shares of McDonald’s by 21.9% during the fourth quarter. Pittenger & Anderson Inc. now owns 21,487 shares of the fast-food giant’s stock valued at $6,567,000 after acquiring an additional 3,866 shares during the period. Institutional investors own 70.29% of the company’s stock.

More McDonald’s News

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

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 5,252 shares of McDonald’s stock in a transaction dated 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 sale, the insider directly owned 7,734 shares of the company’s stock, valued at $2,198,930.88. This trade represents a 40.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $278.36, for a total transaction of $769,108.68. Following the completion of the sale, the executive vice president directly owned 6,268 shares in the company, valued at approximately $1,744,760.48. The trade was a 30.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 8,681 shares of company stock worth $2,456,440 in the last ninety days. 0.26% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on MCD shares. Cfra raised shares of McDonald’s to a “buy” rating in a report on Friday, May 8th. Rothschild & Co Redburn raised shares of McDonald’s from a “sell” rating to a “neutral” rating and boosted their target price for the company from $260.00 to $306.00 in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft set a $325.00 target price on shares of McDonald’s in a research report on Thursday, July 9th. Citigroup dropped their price target on shares of McDonald’s from $375.00 to $335.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Finally, Erste Group Bank downgraded McDonald’s from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Fifteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $336.32.

View Our Latest Stock Analysis on MCD

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $267.50 on Tuesday. The company has a market cap of $190.06 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 2.78 and a beta of 0.41. McDonald’s Corporation has a 52 week low of $264.09 and a 52 week high of $341.75. The firm has a 50 day simple moving average of $276.94 and a 200 day simple moving average of $299.99.

McDonald’s (NYSE:MCDGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.09. McDonald’s had a net margin of 31.62% and a negative return on equity of 442.10%. The firm had revenue of $6.52 billion for the quarter, compared to the consensus estimate of $6.47 billion. During the same period in the previous year, the firm posted $2.67 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. On average, equities analysts predict that McDonald’s Corporation will post 12.86 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were given a dividend of $1.86 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $7.44 dividend on an annualized basis and a yield of 2.8%. McDonald’s’s payout ratio is 61.34%.

McDonald’s Company Profile

(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.

Recommended Stories

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Corporation (NYSE:MCDFree Report).

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

Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.