Handelsbanken Fonder AB Has $80.28 Million Stake in McDonald’s Corporation $MCD

Handelsbanken Fonder AB lifted its stake in shares of McDonald’s Corporation (NYSE:MCD) by 12.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 274,783 shares of the fast-food giant’s stock after acquiring an additional 30,149 shares during the period. Handelsbanken Fonder AB’s holdings in McDonald’s were worth $80,283,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MCD. Decker Retirement Planning Inc. increased its stake in McDonald’s by 142.9% in the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after purchasing an additional 50 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s during the 2nd quarter worth about $25,000. HFM Investment Advisors LLC acquired a new stake in shares of McDonald’s in the 1st quarter valued at about $26,000. Nova Wealth Management Inc. bought a new stake in McDonald’s in the 1st quarter valued at about $26,000. Finally, GFG Capital LLC bought a new stake in McDonald’s in the 2nd quarter valued at about $29,000. 70.29% of the stock is owned by institutional investors.

McDonald’s Trading Up 0.4%

Shares of NYSE:MCD opened at $303.99 on Friday. The stock has a market cap of $216.49 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50. The stock’s fifty day simple moving average is $302.89 and its two-hundred day simple moving average is $304.41. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32.

McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.11). McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The firm had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.10 billion. During the same quarter in the prior year, the company earned $3.23 EPS. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, sell-side analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $1.86 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $7.44 annualized dividend and a dividend yield of 2.4%. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s payout ratio is 63.48%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Truist Financial cut their price target on McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of McDonald’s in a report on Friday, October 31st. BTIG Research reissued a “neutral” rating on shares of McDonald’s in a research report on Friday, October 24th. KeyCorp restated an “overweight” rating and set a $335.00 price objective on shares of McDonald’s in a report on Monday, October 20th. Finally, Stifel Nicolaus raised their price objective on shares of McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a research note on Friday, August 22nd. Eleven investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, McDonald’s currently has an average rating of “Hold” and a consensus price target of $324.57.

Insiders Place Their Bets

In other news, EVP Manuel Jm Steijaert sold 13,134 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $300.42, for a total value of $3,945,716.28. Following the transaction, the executive vice president owned 4,606 shares in the company, valued at $1,383,734.52. The trade was a 74.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 17,329 shares of company stock valued at $5,237,811 in the last 90 days. 0.25% of the stock is currently owned by corporate insiders.

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.