McDonald’s Corporation $MCD Stock Position Lifted by Danske Bank A S

Danske Bank A S increased its stake in McDonald’s Corporation (NYSE:MCD) by 6.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 394,900 shares of the fast-food giant’s stock after purchasing an additional 25,581 shares during the period. Danske Bank A S owned 0.06% of McDonald’s worth $91,198,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new stake in McDonald’s in the second quarter worth about $1,359,276,000. State Street Corp grew its position in shares of McDonald’s by 1.8% during the 2nd quarter. State Street Corp now owns 36,080,505 shares of the fast-food giant’s stock worth $9,752,921,000 after buying an additional 646,675 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of McDonald’s by 17.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,637,785 shares of the fast-food giant’s stock valued at $1,130,587,000 after acquiring an additional 533,448 shares during the last quarter. Ascentis Wealth Management LLC lifted its stake in shares of McDonald’s by 23,222.1% in the 2nd quarter. Ascentis Wealth Management LLC now owns 478,103 shares of the fast-food giant’s stock valued at $129,236,000 after purchasing an additional 476,053 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of McDonald’s by 493.6% in the 1st quarter. Renaissance Technologies LLC now owns 542,764 shares of the fast-food giant’s stock valued at $168,686,000 after purchasing an additional 451,327 shares during the period. Institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Down 0.6%

Shares of MCD stock traded down $1.51 on Friday, hitting $272.12. The stock had a trading volume of 4,669,394 shares, compared to its average volume of 5,643,074. McDonald’s Corporation has a twelve month low of $229.20 and a twelve month high of $341.75. The company has a fifty day moving average price of $250.24 and a two-hundred day moving average price of $281.75. The firm has a market cap of $192.06 billion, a P/E ratio of 21.53, a PEG ratio of 3.16 and a beta of 0.42.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Wednesday, November 4th. The fast-food giant reported $3.57 EPS for the quarter, topping the consensus estimate of $3.38 by $0.19. The business had revenue of $7.16 billion for the quarter, compared to the consensus estimate of $7.28 billion. McDonald’s had a negative return on equity of 826.29% and a net margin of 32.38%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.22 EPS. On average, analysts expect that McDonald’s Corporation will post 12.91 earnings per share for the current year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a $1.93 dividend. This represents a $7.72 annualized dividend and a dividend yield of 2.8%. This is an increase from McDonald’s’s previous quarterly dividend of $1.86. The ex-dividend date is Tuesday, December 1st. McDonald’s’s dividend payout ratio is currently 58.86%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MCD shares. Rothschild & Co Redburn reduced their price target on McDonald’s from $306.00 to $285.00 in a research report on Wednesday, August 26th. Melius Research dropped their price objective on McDonald’s from $250.00 to $230.00 and set a “sell” rating for the company in a report on Monday, September 28th. Mizuho cut their target price on McDonald’s from $290.00 to $260.00 and set a “neutral” rating on the stock in a research note on Friday, October 30th. Wells Fargo & Company upped their price target on McDonald’s from $270.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, November 5th. Finally, Freedom Capital upgraded shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $297.82.

Latest McDonald’s News

Investors following MCD have been watching these news items:

• Positive Sentiment: McDonald’s has raised its dividend for 50 consecutive years and yields about 2.74%. Its franchise-heavy rent-and-royalty model is described as providing steady cash flow to support future payouts. McDonald’s Is a Dividend King With 50 Years of Raises
• Positive Sentiment: Uber is expanding its McDonald’s delivery partnership across 14 markets, which could increase delivery orders and customer engagement. Is Uber’s Expansion of Delivery Tie-Up With MCD a Growth Catalyst?
• Negative Sentiment: The rally also faces risks from rising costs and execution challenges. Separately, technical commentary notes resistance near $285, which could make it harder for shares to sustain upward momentum. Stock of the Day: Is McDonald’s Reversing?

McDonald’s Profile

McDonald’s Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald’s brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald’s mobile app. The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.