Securian Asset Management Inc. Has $10.92 Million Stake in McDonald’s Corporation $MCD

Securian Asset Management Inc. decreased its stake in McDonald’s Corporation (NYSE:MCD) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,375 shares of the fast-food giant’s stock after selling 604 shares during the quarter. Securian Asset Management Inc.’s holdings in McDonald’s were worth $10,920,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. HFM Investment Advisors LLC acquired a new stake in shares of McDonald’s during the first quarter worth about $26,000. Nova Wealth Management Inc. acquired a new stake in shares of McDonald’s during the first quarter worth about $26,000. GFG Capital LLC acquired a new stake in shares of McDonald’s during the second quarter worth about $29,000. Abound Financial LLC acquired a new stake in shares of McDonald’s during the first quarter worth about $30,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of McDonald’s during the first quarter worth about $31,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Down 0.0%

NYSE:MCD opened at $307.94 on Tuesday. The firm has a market capitalization of $219.75 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 3.25 and a beta of 0.50. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The stock’s 50 day moving average price is $306.36 and its two-hundred day moving average price is $305.47.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MCD shares. Piper Sandler raised their price target on McDonald’s from $314.00 to $325.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Melius began coverage on McDonald’s in a report on Monday, July 14th. They set a “sell” rating and a $250.00 price objective for the company. Guggenheim decreased their price objective on McDonald’s from $310.00 to $295.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Wells Fargo & Company decreased their price objective on McDonald’s from $350.00 to $340.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of McDonald’s in a report on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, McDonald’s currently has an average rating of “Hold” and an average price target of $324.68.

Insider Buying and Selling

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,487 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the transaction, the executive vice president owned 8,754 shares of the company’s stock, valued at $2,713,740. The trade was a 22.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jonathan Banner sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the transaction, the executive vice president directly owned 99 shares in the company, valued at $30,690. This trade represents a 90.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,402 shares of company stock worth $1,973,407 over the last 90 days. Company insiders own 0.25% of the company’s stock.

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.