Livforsakringsbolaget Skandia Omsesidigt Has $5.05 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Livforsakringsbolaget Skandia Omsesidigt cut its position in shares of McDonald’s Co. (NYSE:MCD) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,420 shares of the fast-food giant’s stock after selling 600 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in McDonald’s were worth $5,050,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hoxton Planning & Management LLC acquired a new stake in shares of McDonald’s during the 3rd quarter worth about $297,000. CWM LLC lifted its stake in McDonald’s by 6.7% in the third quarter. CWM LLC now owns 79,253 shares of the fast-food giant’s stock valued at $24,133,000 after buying an additional 4,987 shares during the period. Wedmont Private Capital lifted its holdings in McDonald’s by 8.5% during the third quarter. Wedmont Private Capital now owns 5,615 shares of the fast-food giant’s stock worth $1,689,000 after acquiring an additional 442 shares in the last quarter. Enterprise Bank & Trust Co lifted its holdings in shares of McDonald’s by 73.4% during the 3rd quarter. Enterprise Bank & Trust Co now owns 7,276 shares of the fast-food giant’s stock valued at $2,216,000 after purchasing an additional 3,080 shares in the last quarter. Finally, Bruce G. Allen Investments LLC boosted its holdings in shares of McDonald’s by 5.0% in the third quarter. Bruce G. Allen Investments LLC now owns 1,139 shares of the fast-food giant’s stock valued at $347,000 after buying an additional 54 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the transaction, the insider now owns 9,286 shares in the company, valued at $2,716,155. The trade was a 10.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 7,406 shares of company stock valued at $2,150,857. 0.23% of the stock is owned by insiders.

McDonald’s Trading Up 1.9 %

MCD opened at $294.37 on Friday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The company has a market cap of $210.95 billion, a P/E ratio of 25.84, a price-to-earnings-growth ratio of 3.83 and a beta of 0.74. The company has a fifty day moving average price of $290.75 and a two-hundred day moving average price of $290.37.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.41%. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Loop Capital reiterated a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a report on Friday, January 3rd. Barclays increased their price target on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Robert W. Baird cut McDonald’s from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. TD Cowen reissued a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Tuesday, October 29th. Finally, Wedbush reaffirmed an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a research report on Wednesday, October 23rd. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $318.86.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.