Danske Bank A S Acquires New Stake in McDonald’s Corporation $MCD

Danske Bank A S acquired a new stake in McDonald’s Corporation (NYSE:MCD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 369,319 shares of the fast-food giant’s stock, valued at approximately $99,831,000. Danske Bank A S owned 0.05% of McDonald’s as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of MCD. Your Advocates Ltd. LLP purchased a new stake in shares of McDonald’s in the fourth quarter valued at about $27,000. IFC & Insurance Marketing Inc. purchased a new position in McDonald’s during the fourth quarter worth about $29,000. Abound Financial LLC purchased a new position in McDonald’s during the fourth quarter worth about $30,000. DecisionPoint Financial LLC lifted its position in McDonald’s by 1,616.7% in the fourth quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock valued at $31,000 after purchasing an additional 97 shares during the period. Finally, Entrust Financial LLC acquired a new stake in McDonald’s in the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

MCD stock opened at $266.88 on Thursday. The company’s 50 day simple moving average is $272.94 and its 200-day simple moving average is $294.15. The firm has a market capitalization of $188.86 billion, a PE ratio of 21.68, a P/E/G ratio of 2.99 and a beta of 0.41. McDonald’s Corporation has a 12 month low of $260.96 and a 12 month high of $341.75.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.06. McDonald’s had a negative return on equity of 572.06% and a net margin of 31.72%.The company had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $7.13 billion. During the same period in the previous year, the firm posted $3.19 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that McDonald’s Corporation will post 12.88 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 1st will be issued a $1.86 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $7.44 annualized dividend and a yield of 2.8%. McDonald’s’s payout ratio is 60.44%.

Wall Street Analyst Weigh In

Several research firms have issued reports on MCD. TD Cowen reiterated a “hold” rating on shares of McDonald’s in a research report on Tuesday, August 4th. Rothschild & Co Redburn raised McDonald’s from a “sell” rating to a “neutral” rating and raised their price target for the company from $260.00 to $306.00 in a report on Thursday, April 23rd. Weiss Ratings downgraded McDonald’s from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Barclays dropped their price objective on McDonald’s from $380.00 to $350.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Finally, UBS Group set a $305.00 price objective on McDonald’s in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and a consensus target price of $325.44.

More McDonald’s News

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: McDonald’s second-quarter earnings beat expectations, with EPS of $3.38 versus the $3.32 consensus. Franchise-related strength, international growth, beverage opportunities and a planned U.S. recovery could support a rebound if management improves traffic and execution. McDonald’s Q2 Earnings Beat Puts U.S. Traffic and Margins in Focus
• Positive Sentiment: New and returning menu offerings—including a fall coffee flavor, limited-time meals and the Hello Kitty x Godzilla Happy Meal—could generate customer engagement and incremental visits. A gas-savings promotion may also enhance value perceptions. McDonald’s Has 8 New Hello Kitty x Godzilla Happy Meal Toys

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 5,252 shares of McDonald’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total value of $1,493,248.64. Following the completion of the sale, the insider owned 7,734 shares of the company’s stock, valued at $2,198,930.88. The trade was a 40.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $278.36, for a total value of $769,108.68. Following the completion of the transaction, the executive vice president owned 6,268 shares of the company’s stock, valued at $1,744,760.48. The trade was a 30.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 8,348 shares of company stock valued at $2,355,634 over the last quarter. 0.26% of the stock is currently owned by insiders.

About McDonald’s

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.