Skandinaviska Enskilda Banken AB publ Sells 5,411 Shares of McDonald’s Corporation $MCD

Skandinaviska Enskilda Banken AB publ trimmed its position in shares of McDonald’s Corporation (NYSE:MCD) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 381,922 shares of the fast-food giant’s stock after selling 5,411 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.05% of McDonald’s worth $116,055,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MCD. Vanguard Group Inc. lifted its holdings in McDonald’s by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 71,647,669 shares of the fast-food giant’s stock worth $21,773,010,000 after buying an additional 316,638 shares during the period. State Street Corp boosted its holdings in McDonald’s by 0.8% in the second quarter. State Street Corp now owns 34,828,352 shares of the fast-food giant’s stock valued at $10,175,800,000 after acquiring an additional 272,139 shares in the last quarter. Geode Capital Management LLC increased its position in McDonald’s by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 16,828,420 shares of the fast-food giant’s stock valued at $4,901,595,000 after purchasing an additional 276,065 shares during the period. Norges Bank bought a new position in McDonald’s in the 2nd quarter worth $2,780,712,000. Finally, Laurel Wealth Advisors LLC lifted its position in shares of McDonald’s by 29,382.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 5,737,548 shares of the fast-food giant’s stock worth $1,676,339,000 after purchasing an additional 5,718,087 shares during the period. 70.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MCD has been the subject of a number of research reports. KeyCorp increased their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, January 9th. Oppenheimer upgraded McDonald’s from a “market perform” rating to an “outperform” rating and set a $355.00 target price for the company in a research note on Tuesday, January 6th. BTIG Research upped their price target on McDonald’s from $360.00 to $370.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of McDonald’s in a research report on Wednesday, January 28th. Finally, Guggenheim reduced their target price on shares of McDonald’s from $325.00 to $320.00 and set a “neutral” rating on the stock in a research report on Friday. Fifteen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $337.04.

Insider Activity at McDonald’s

In related news, CFO Ian Frederick Borden sold 17,134 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $310.00, for a total transaction of $5,311,540.00. Following the transaction, the chief financial officer owned 26,353 shares in the company, valued at $8,169,430. This represents a 39.40% 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 Manuel Jm Steijaert sold 6,567 shares of McDonald’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $305.50, for a total transaction of $2,006,218.50. Following the completion of the sale, the executive vice president directly owned 4,606 shares of the company’s stock, valued at approximately $1,407,133. This trade represents a 58.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 31,439 shares of company stock worth $9,772,464. 0.25% of the stock is owned by insiders.

McDonald’s Stock Down 1.4%

Shares of MCD opened at $327.58 on Tuesday. The company has a market capitalization of $233.29 billion, a P/E ratio of 27.41, a price-to-earnings-growth ratio of 3.32 and a beta of 0.52. McDonald’s Corporation has a twelve month low of $283.47 and a twelve month high of $335.67. The firm has a 50 day moving average of $313.38 and a 200 day moving average of $308.53.

McDonald’s (NYSE:MCD) last posted its earnings results on Wednesday, February 11th. The fast-food giant reported $3.12 EPS for the quarter, topping analysts’ consensus estimates of $3.05 by $0.07. The business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.81 billion. McDonald’s had a negative return on equity of 343.90% and a net margin of 31.85%.The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.83 EPS. On average, sell-side analysts expect that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd will be paid a dividend of $1.86 per share. The ex-dividend date is Tuesday, March 3rd. This represents a $7.44 annualized dividend and a yield of 2.3%. McDonald’s’s dividend payout ratio is currently 62.26%.

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.