Handelsbanken Fonder AB Acquires 4,887 Shares of McDonald's Co. (NYSE:MCD)

Handelsbanken Fonder AB increased its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 248,747 shares of the fast-food giant's stock after buying an additional 4,887 shares during the period. Handelsbanken Fonder AB's holdings in McDonald's were worth $72,109,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in McDonald's during the 3rd quarter worth about $25,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald's during the 4th quarter worth about $27,000. Collier Financial acquired a new position in McDonald's during the 4th quarter worth about $29,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald's during the 3rd quarter worth about $31,000. Finally, Hara Capital LLC acquired a new position in McDonald's during the 3rd quarter valued at about $44,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Buying and Selling

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald'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 completion of the sale, the chief executive officer now owns 32,756 shares of the company's stock, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of McDonald's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares of the company's stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,205 shares of company stock valued at $6,703,569. 0.23% of the stock is owned by insiders.

Analysts Set New Price Targets

MCD has been the topic of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. TD Cowen restated a "hold" rating and set a $300.00 target price on shares of McDonald's in a research report on Tuesday, October 29th. Piper Sandler cut their target price on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Morgan Stanley upped their target price on shares of McDonald's from $336.00 to $340.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Finally, Loop Capital restated a "buy" rating and set a $342.00 target price on shares of McDonald's in a research report on Friday, January 3rd. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $323.61.

McDonald's Stock Up 0.6 %

NYSE MCD traded up $1.71 on Friday, reaching $304.76. The company had a trading volume of 3,034,763 shares, compared to its average volume of 3,198,654. The stock has a market capitalization of $218.40 billion, a P/E ratio of 26.76, a P/E/G ratio of 3.09 and a beta of 0.74. The company's fifty day moving average is $292.45 and its 200 day moving average is $293.51. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

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

McDonald's Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald's's dividend payout ratio is presently 62.16%.

McDonald's Profile

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.