AMF Tjanstepension AB Trims Stock Holdings in McDonald’s Co. (NYSE:MCD)

AMF Tjanstepension AB lessened its stake in shares of McDonald’s Co. (NYSE:MCD) by 65.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 345,158 shares of the fast-food giant’s stock after selling 664,395 shares during the quarter. AMF Tjanstepension AB’s holdings in McDonald’s were worth $97,363,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in MCD. Independent Wealth Network Inc. increased its position in McDonald’s by 4.2% in the 4th quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock worth $256,000 after purchasing an additional 35 shares during the last quarter. Concentric Wealth Management LLC raised its position in McDonald’s by 1.4% during the fourth quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock valued at $756,000 after acquiring an additional 35 shares in the last quarter. Paragon Capital Management Ltd grew its position in McDonald’s by 2.7% in the fourth quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock worth $407,000 after acquiring an additional 36 shares in the last quarter. Mechanics Financial Corp lifted its stake in shares of McDonald’s by 0.7% in the 4th quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock valued at $1,581,000 after purchasing an additional 36 shares during the last quarter. Finally, FinTrust Capital Advisors LLC boosted its holdings in McDonald’s by 2.9% in the fourth quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant’s stock worth $376,000 after purchasing an additional 36 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Down 1.3 %

NYSE MCD traded down $3.38 during trading on Friday, reaching $254.79. 8,958,154 shares of the stock traded hands, compared to its average volume of 3,430,142. The stock’s 50-day moving average price is $263.31 and its 200 day moving average price is $279.28. The firm has a market cap of $183.62 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 2.90 and a beta of 0.71. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter last year, the company earned $2.63 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. Analysts anticipate that McDonald’s Co. will post 12.19 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.62%. The ex-dividend date was Monday, June 3rd. McDonald’s’s dividend payout ratio is currently 56.71%.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the sale, the executive vice president now owns 19 shares of the company’s stock, valued at approximately $5,225.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the sale, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total transaction of $291,377.87. Following the completion of the sale, the insider now owns 15,878 shares in the company, valued at approximately $4,209,734.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,095 shares of company stock valued at $1,100,625. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

MCD has been the subject of a number of analyst reports. Wedbush reduced their price objective on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Robert W. Baird decreased their target price on McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price target on McDonald’s from $290.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, June 3rd. Truist Financial reduced their price objective on McDonald’s from $337.00 to $320.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Finally, Stifel Nicolaus dropped their target price on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research report on Thursday, April 11th. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $315.14.

About McDonald’s

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.