Securian Asset Management Inc. Has $10.92 Million Position in McDonald’s Corporation $MCD

Securian Asset Management Inc. cut its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 1.6% during the second quarter, Holdings Channel reports. The fund owned 37,375 shares of the fast-food giant’s stock after selling 604 shares during the quarter. Securian Asset Management Inc.’s holdings in McDonald’s were worth $10,920,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Avidian Wealth Enterprises LLC increased its holdings in shares of McDonald’s by 11.5% during the 2nd quarter. Avidian Wealth Enterprises LLC now owns 6,976 shares of the fast-food giant’s stock worth $2,038,000 after acquiring an additional 718 shares during the last quarter. Journey Advisory Group LLC boosted its stake in McDonald’s by 0.7% in the 2nd quarter. Journey Advisory Group LLC now owns 13,901 shares of the fast-food giant’s stock valued at $4,061,000 after purchasing an additional 92 shares during the period. Bogart Wealth LLC boosted its stake in McDonald’s by 4.3% in the 2nd quarter. Bogart Wealth LLC now owns 1,612 shares of the fast-food giant’s stock valued at $471,000 after purchasing an additional 67 shares during the period. Canvas Wealth Advisors LLC boosted its stake in McDonald’s by 37.1% in the 2nd quarter. Canvas Wealth Advisors LLC now owns 3,531 shares of the fast-food giant’s stock valued at $1,056,000 after purchasing an additional 956 shares during the period. Finally, Princeton Global Asset Management LLC boosted its stake in McDonald’s by 22.8% in the 2nd quarter. Princeton Global Asset Management LLC now owns 748 shares of the fast-food giant’s stock valued at $219,000 after purchasing an additional 139 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the transaction, the chief marketing officer owned 6,858 shares of the company’s stock, valued at approximately $2,160,270. The trade was a 12.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the business’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the transaction, the executive vice president directly owned 8,754 shares of the company’s stock, valued at $2,713,740. This trade represents a 22.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,402 shares of company stock worth $1,973,407 over the last 90 days. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Stock Performance

NYSE:MCD opened at $307.94 on Tuesday. The stock has a fifty day moving average price of $306.36 and a 200-day moving average price of $305.47. The company has a market cap of $219.75 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 3.25 and a beta of 0.50. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.04. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The company had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the previous year, the firm earned $2.97 EPS. McDonald’s’s revenue was up 5.4% on a year-over-year basis. Research analysts predict that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MCD. Morgan Stanley set a $335.00 price target on McDonald’s in a research note on Friday. Melius began coverage on McDonald’s in a research note on Monday, July 14th. They issued a “sell” rating and a $250.00 price target for the company. KeyCorp restated an “overweight” rating and issued a $335.00 price target on shares of McDonald’s in a research note on Monday. Bank of America reduced their price target on McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a research note on Friday, July 18th. Finally, Evercore ISI boosted their price target on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s currently has a consensus rating of “Hold” and a consensus price target of $324.68.

McDonald’s Company 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.