369,319 Shares in McDonald’s Corporation $MCD Acquired by Danske Bank A S

Danske Bank A S purchased a new position in shares of McDonald’s Corporation (NYSE:MCD – Free Report) in the 2nd quarter, Holdings Channel reports. The firm purchased 369,319 shares of the fast-food giant’s stock, valued at approximately $99,831,000.

A number of other large investors also recently bought and sold shares of the stock. Your Advocates Ltd. LLP purchased a new stake in shares of McDonald’s during the 4th quarter valued at $27,000. IFC & Insurance Marketing Inc. purchased a new position in shares of McDonald’s in the 4th quarter worth $29,000. Abound Financial LLC purchased a new position in shares of McDonald’s in the 4th quarter worth $30,000. Purpose Unlimited Inc. acquired a new position in McDonald’s in the fourth quarter valued at $31,000. Finally, DecisionPoint Financial LLC boosted its holdings in McDonald’s by 1,616.7% in the fourth quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock valued at $31,000 after acquiring an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

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Insider Activity at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 2,763 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $278.36, for a total transaction of $769,108.68. Following the transaction, the executive vice president directly owned 6,268 shares of the company’s stock, valued at approximately $1,744,760.48. The trade was a 30.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 5,252 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total value of $1,493,248.64. Following the completion of the transaction, the insider owned 7,734 shares of the company’s stock, valued at approximately $2,198,930.88. This represents a 40.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,348 shares of company stock worth $2,355,634 over the last three months. 0.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MCD shares. Mizuho dropped their price target on McDonald’s from $300.00 to $290.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. BTIG Research reaffirmed a “buy” rating and issued a $350.00 price objective on shares of McDonald’s in a research note on Wednesday, August 5th. Wells Fargo & Company decreased their target price on McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. KeyCorp dropped their target price on shares of McDonald’s from $315.00 to $305.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Finally, Citigroup raised their price target on shares of McDonald’s from $335.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $325.44.

Read Our Latest Analysis on McDonald’s

McDonald’s Trading Down 0.0%

Shares of NYSE MCD opened at $266.88 on Thursday. The stock has a fifty day moving average price of $272.94 and a 200 day moving average price of $294.15. McDonald’s Corporation has a 12-month low of $260.96 and a 12-month high of $341.75. The company has a market cap of $188.86 billion, a P/E ratio of 21.68, a P/E/G ratio of 2.99 and a beta of 0.41.

McDonald’s (NYSE:MCD – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The fast-food giant reported $3.38 EPS for the quarter, topping analysts’ consensus estimates of $3.32 by $0.06. McDonald’s had a negative return on equity of 572.06% and a net margin of 31.72%.The company had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $7.13 billion. During the same quarter in the previous year, the firm posted $3.19 earnings per share. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. On average, sell-side analysts forecast that McDonald’s Corporation will post 12.88 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Tuesday, September 1st will be issued a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 1st. McDonald’s’s dividend payout ratio (DPR) is presently 60.44%.

Key Stories Impacting McDonald’s

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: McDonald’s second-quarter earnings beat expectations, with EPS of $3.38 versus the $3.32 consensus. Franchise-related strength, international growth, beverage opportunities and a planned U.S. recovery could support a rebound if management improves traffic and execution. McDonald’s Q2 Earnings Beat Puts U.S. Traffic and Margins in Focus
• Positive Sentiment: New and returning menu offerings—including a fall coffee flavor, limited-time meals and the Hello Kitty x Godzilla Happy Meal—could generate customer engagement and incremental visits. A gas-savings promotion may also enhance value perceptions. McDonald’s Has 8 New Hello Kitty x Godzilla Happy Meal Toys

McDonald’s Company Profile

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

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