Securian Asset Management Inc. Sells 15,098 Shares of McDonald’s Corporation $MCD

Securian Asset Management Inc. lessened its holdings in McDonald’s Corporation (NYSE:MCD) by 43.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,365 shares of the fast-food giant’s stock after selling 15,098 shares during the quarter. Securian Asset Management Inc.’s holdings in McDonald’s were worth $5,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Encompass More Asset Management grew its stake in McDonald’s by 1.5% in the 4th quarter. Encompass More Asset Management now owns 2,120 shares of the fast-food giant’s stock valued at $648,000 after purchasing an additional 32 shares during the period. Physician Wealth Advisors Inc. grew its stake in McDonald’s by 1.6% in the 4th quarter. Physician Wealth Advisors Inc. now owns 2,102 shares of the fast-food giant’s stock valued at $642,000 after purchasing an additional 33 shares during the period. Jackson Hole Capital Partners LLC grew its stake in McDonald’s by 0.3% in the 3rd quarter. Jackson Hole Capital Partners LLC now owns 11,032 shares of the fast-food giant’s stock valued at $3,352,000 after purchasing an additional 34 shares during the period. CFO4Life Group LLC grew its stake in McDonald’s by 2.1% in the 3rd quarter. CFO4Life Group LLC now owns 1,669 shares of the fast-food giant’s stock valued at $507,000 after purchasing an additional 34 shares during the period. Finally, American National Bank of Texas lifted its position in shares of McDonald’s by 2.9% during the 4th quarter. American National Bank of Texas now owns 1,191 shares of the fast-food giant’s stock valued at $364,000 after buying an additional 34 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s News Summary

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

• Positive Sentiment: McDonald’s beat Q1 earnings and revenue estimates, with EPS of $2.83 and revenue of $6.52 billion, helping reassure investors that the brand is still executing well in a tougher consumer environment. Article Title
• Positive Sentiment: Global comparable sales rose 3.8%, supported by value meals, loyalty spending, and new menu items such as the Big Arch burger and specialty drinks, showing McDonald’s value push is driving traffic and sales growth. Article Title
• Positive Sentiment: Several analysts kept bullish ratings even as they trimmed price targets, reflecting confidence that McDonald’s can keep gaining share and recover if consumer demand stabilizes. Article Title

McDonald’s Stock Performance

Shares of MCD opened at $275.62 on Monday. The stock’s 50-day simple moving average is $311.40 and its 200 day simple moving average is $311.40. The stock has a market capitalization of $195.83 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 2.58 and a beta of 0.43. McDonald’s Corporation has a 52-week low of $274.83 and a 52-week high of $341.75.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.09. The business had revenue of $6.52 billion for the quarter, compared to analysts’ expectations of $6.47 billion. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.67 EPS. On average, research analysts forecast that McDonald’s Corporation will post 13.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Christopher J. Kempczinski sold 26,276 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $333.54, for a total transaction of $8,764,097.04. Following the sale, the chief executive officer owned 22,900 shares of the company’s stock, valued at approximately $7,638,066. This represents a 53.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Edith Morgan Flatley sold 4,692 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $331.00, for a total value of $1,553,052.00. Following the sale, the chief marketing officer directly owned 6,200 shares in the company, valued at $2,052,200. This trade represents a 43.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 71,990 shares of company stock worth $23,824,113. Company insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MCD. Rothschild & Co Redburn raised McDonald’s from a “sell” rating to a “neutral” rating and upped their price target for the company from $260.00 to $306.00 in a research report on Thursday, April 23rd. UBS Group upped their price target on McDonald’s from $350.00 to $365.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Guggenheim dropped their price target on McDonald’s from $325.00 to $320.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. KeyCorp dropped their price target on McDonald’s from $345.00 to $330.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Royal Bank Of Canada dropped their price target on McDonald’s from $330.00 to $305.00 and set a “sector perform” rating on the stock in a research report on Friday. Seventeen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $335.14.

McDonald’s Profile

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.