AMF Tjanstepension AB Boosts Stock Position in McDonald’s Corporation $MCD

AMF Tjanstepension AB grew its holdings in McDonald’s Corporation (NYSE:MCD) by 493.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 247,007 shares of the fast-food giant’s stock after purchasing an additional 205,364 shares during the period. AMF Tjanstepension AB’s holdings in McDonald’s were worth $72,201,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. HFM Investment Advisors LLC purchased a new position in McDonald’s in the 1st quarter worth about $26,000. Nova Wealth Management Inc. bought a new position in McDonald’s in the 1st quarter worth about $26,000. Abound Financial LLC purchased a new position in shares of McDonald’s during the first quarter worth approximately $30,000. Redmont Wealth Advisors LLC bought a new stake in shares of McDonald’s during the first quarter valued at approximately $31,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in shares of McDonald’s in the first quarter valued at approximately $31,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Jonathan Banner sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the transaction, the executive vice president directly owned 99 shares in the company, valued at $30,690. The trade was a 90.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the sale, the insider owned 9,283 shares of the company’s stock, valued at approximately $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,402 shares of company stock valued at $2,273,407. Company insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

MCD opened at $300.72 on Friday. The firm has a market capitalization of $214.59 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 3.05 and a beta of 0.50. The business’s 50-day moving average is $306.93 and its two-hundred day moving average is $306.17. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.04. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The business had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same period last year, the business earned $2.97 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts expect that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald’s’s payout ratio is currently 60.67%.

Wall Street Analyst Weigh In

MCD has been the topic of several research reports. Stifel Nicolaus raised their price objective on McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a report on Friday, August 22nd. JPMorgan Chase & Co. raised their price target on McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Morgan Stanley upped their price objective on shares of McDonald’s from $324.00 to $326.00 and gave the stock an “equal weight” rating in a research note on Monday, July 14th. Guggenheim reissued a “neutral” rating on shares of McDonald’s in a research report on Friday, August 8th. Finally, TD Cowen upped their price target on shares of McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a research report on Wednesday, August 6th. Twelve research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $325.86.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.