Handelsbanken Fonder AB Buys 4,887 Shares of McDonald’s Co. (NYSE:MCD)

Handelsbanken Fonder AB lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 248,747 shares of the fast-food giant’s stock after acquiring an additional 4,887 shares during the quarter. Handelsbanken Fonder AB’s holdings in McDonald’s were worth $72,109,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Clear Creek Financial Management LLC lifted its holdings in McDonald’s by 2.8% during the 3rd quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock worth $396,000 after purchasing an additional 35 shares in the last quarter. GDS Wealth Management raised its position in McDonald’s by 1.4% in the 3rd quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock worth $762,000 after purchasing an additional 35 shares during the period. Boltwood Capital Management grew its position in McDonald’s by 1.9% during the 4th quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock worth $546,000 after acquiring an additional 35 shares during the last quarter. McAdam LLC boosted its holdings in shares of McDonald’s by 1.7% during the third quarter. McAdam LLC now owns 2,176 shares of the fast-food giant’s stock worth $663,000 after purchasing an additional 36 shares during the period. Finally, LCM Capital Management Inc raised its holdings in McDonald’s by 1.3% in the 3rd quarter. LCM Capital Management Inc now owns 2,887 shares of the fast-food giant’s stock worth $879,000 after purchasing an additional 36 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Activity at McDonald’s

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the transaction, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the transaction, the insider now owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,106 shares of company stock valued at $6,368,814 in the last three months. 0.23% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Truist Financial dropped their target price on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. KeyCorp raised their price objective on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, TD Securities reaffirmed a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a report on Monday, February 10th. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

McDonald’s Stock Down 1.0 %

Shares of NYSE:MCD opened at $301.71 on Thursday. The business’s 50 day moving average is $292.32 and its 200 day moving average is $293.44. The stock has a market cap of $216.21 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 3.16 and a beta of 0.74. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. On average, sell-side analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.35%. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

About McDonald’s

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.