McDonald’s Corporation (MCD) Shares Bought by Tredje AP fonden

Tredje AP fonden boosted its holdings in McDonald’s Corporation (NYSE:MCD) by 26.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 120,490 shares of the fast-food giant’s stock after acquiring an additional 25,380 shares during the quarter. McDonald’s comprises approximately 0.7% of Tredje AP fonden’s portfolio, making the stock its 23rd biggest holding. Tredje AP fonden’s holdings in McDonald’s were worth $18,454,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board increased its position in shares of McDonald’s by 1.0% in the second quarter. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant’s stock valued at $68,805,000 after buying an additional 4,300 shares in the last quarter. Legacy Capital Partners Inc. increased its position in shares of McDonald’s by 7.0% in the first quarter. Legacy Capital Partners Inc. now owns 26,154 shares of the fast-food giant’s stock valued at $3,390,000 after buying an additional 1,706 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of McDonald’s by 10.6% in the second quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock valued at $71,558,000 after buying an additional 44,899 shares in the last quarter. Buckingham Asset Management LLC increased its position in shares of McDonald’s by 157.5% in the second quarter. Buckingham Asset Management LLC now owns 18,973 shares of the fast-food giant’s stock valued at $2,906,000 after buying an additional 11,604 shares in the last quarter. Finally, Holderness Investments Co. increased its position in shares of McDonald’s by 323.7% in the first quarter. Holderness Investments Co. now owns 10,589 shares of the fast-food giant’s stock valued at $1,372,000 after buying an additional 8,090 shares in the last quarter. Hedge funds and other institutional investors own 67.40% of the company’s stock.

Shares of McDonald’s Corporation (MCD) opened at $172.87 on Friday. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. McDonald’s Corporation has a 52-week low of $117.71 and a 52-week high of $173.17. The company has a market capitalization of $137,809.53, a PE ratio of 27.01, a P/E/G ratio of 2.83 and a beta of 0.67.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.01. McDonald’s had a negative return on equity of 216.45% and a net margin of 24.19%. The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. During the same period last year, the company earned $1.62 EPS. The firm’s quarterly revenue was down 10.4% on a year-over-year basis. analysts expect that McDonald’s Corporation will post 6.52 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.34%. This is a positive change from McDonald’s’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, November 30th. McDonald’s’s dividend payout ratio (DPR) is presently 58.30%.

In other McDonald’s news, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total value of $1,327,590.00. Following the sale, the vice president now directly owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total value of $28,879,840.64. Following the completion of the sale, the insider now directly owns 49,778 shares in the company, valued at $8,378,632.96. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

A number of research analysts have recently weighed in on the company. ValuEngine cut McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday. Robert W. Baird restated an “outperform” rating and issued a $170.00 price target on shares of McDonald’s in a research report on Tuesday, October 3rd. Bank of America restated a “buy” rating and issued a $175.00 price target on shares of McDonald’s in a research report on Monday, August 14th. Royal Bank Of Canada raised their price target on McDonald’s from $175.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, October 13th. Finally, Longbow Research upgraded McDonald’s from a “neutral” rating to a “buy” rating and raised their price target for the company from $154.05 to $183.00 in a research report on Thursday, September 28th. Eleven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. McDonald’s presently has a consensus rating of “Buy” and a consensus target price of $171.95.

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McDonald’s Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

Institutional Ownership by Quarter for McDonald`s (NYSE:MCD)

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