Fjarde AP Fonden Fourth Swedish National Pension Fund Has $51.53 Million Stake in McDonald’s Corporation (NYSE:MCD)

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its position in McDonald’s Corporation (NYSE:MCD) by 25.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 164,970 shares of the fast-food giant’s stock after selling 55,400 shares during the period. McDonald’s makes up approximately 0.6% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings, making the stock its 28th biggest position. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in McDonald’s were worth $51,532,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First American Trust FSB increased its stake in McDonald’s by 55.9% in the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant’s stock valued at $11,532,000 after purchasing an additional 13,234 shares in the last quarter. Red Door Wealth Management LLC increased its stake in McDonald’s by 1.9% in the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant’s stock valued at $1,788,000 after purchasing an additional 109 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of McDonald’s by 5.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant’s stock worth $107,867,000 after acquiring an additional 18,393 shares in the last quarter. Sagespring Wealth Partners LLC increased its position in shares of McDonald’s by 22.9% during the first quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant’s stock worth $5,381,000 after acquiring an additional 3,212 shares in the last quarter. Finally, Segment Wealth Management LLC increased its position in shares of McDonald’s by 1.7% during the first quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant’s stock worth $17,078,000 after acquiring an additional 937 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the sale, the insider owned 9,283 shares of the company’s stock, valued at approximately $2,780,165.67. This represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Edith Morgan Flatley sold 976 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $303.50, for a total transaction of $296,216.00. Following the sale, the chief marketing officer directly owned 7,882 shares in the company, valued at $2,392,187. This trade represents a 11.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,280 shares of company stock valued at $2,215,178. Company insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the subject of several recent research reports. BMO Capital Markets reissued an “outperform” rating and set a $350.00 target price (up from $345.00) on shares of McDonald’s in a research report on Thursday, August 7th. Evercore ISI boosted their target price on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Guggenheim reissued a “neutral” rating on shares of McDonald’s in a research report on Friday, August 8th. BTIG Research reissued a “neutral” rating on shares of McDonald’s in a research report on Tuesday, April 22nd. Finally, Redburn Atlantic reissued a “sell” rating and set a $260.00 target price (down from $319.00) on shares of McDonald’s in a research report on Tuesday, June 10th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s presently has an average rating of “Hold” and an average target price of $326.87.

McDonald’s Trading Up 1.1%

Shares of MCD stock opened at $304.82 on Thursday. The stock has a market capitalization of $217.52 billion, a P/E ratio of 26.12, a PEG ratio of 3.08 and a beta of 0.52. The firm’s 50 day moving average is $298.03 and its 200 day moving average is $304.74. McDonald’s Corporation has a 12 month low of $268.50 and a 12 month high of $326.32.

McDonald’s (NYSE:MCD) last posted its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.04. The business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. McDonald’s’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.97 EPS. On average, equities analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald’s’s dividend payout ratio is 60.67%.

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.