AMF Tjanstepension AB Trims Position in McDonald's Co. (NYSE:MCD)

AMF Tjanstepension AB lessened its stake in McDonald's Co. (NYSE:MCD - Free Report) by 70.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,643 shares of the fast-food giant's stock after selling 98,086 shares during the period. AMF Tjanstepension AB's holdings in McDonald's were worth $12,083,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MCD. Legacy Investment Solutions LLC acquired a new stake in McDonald's during the third quarter valued at $25,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of McDonald's during the 4th quarter worth about $27,000. Collier Financial acquired a new stake in shares of McDonald's during the 4th quarter valued at about $29,000. RPg Family Wealth Advisory LLC purchased a new position in shares of McDonald's in the 3rd quarter valued at about $31,000. Finally, Marshall Investment Management LLC acquired a new position in McDonald's in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Buying and Selling

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the transaction, the executive vice president now owns 5,564 shares of the company's stock, valued at $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the transaction, the chief executive officer now directly owns 32,756 shares of the company's stock, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,504 shares of company stock worth $10,206,575. Company insiders own 0.23% of the company's stock.

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McDonald's Trading Up 3.6 %

McDonald's stock traded up $11.15 during midday trading on Friday, reaching $321.52. 7,606,559 shares of the stock traded hands, compared to its average volume of 3,341,679. The firm has a market cap of $229.71 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The company has a 50-day simple moving average of $295.69 and a two-hundred day simple moving average of $296.37. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $323.17.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. Equities research analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald's's dividend payout ratio is presently 62.16%.

Analyst Ratings Changes

A number of analysts have recently commented on MCD shares. Citigroup boosted their price objective on McDonald's from $336.00 to $360.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Loop Capital reissued a "buy" rating and issued a $342.00 price target on shares of McDonald's in a report on Friday, January 3rd. BMO Capital Markets upped their price objective on shares of McDonald's from $335.00 to $340.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. KeyCorp lifted their target price on shares of McDonald's from $320.00 to $335.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, McDonald's presently has a consensus rating of "Moderate Buy" and a consensus target price of $323.61.

About McDonald's

McDonald's Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.