Livforsakringsbolaget Skandia Omsesidigt Lowers Stock Position in McDonald’s Co. (NYSE:MCD)

Livforsakringsbolaget Skandia Omsesidigt reduced its stake in shares of McDonald’s Co. (NYSE:MCD) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The fund 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 reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC bought a new position in McDonald’s during the third quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC purchased a new position in shares of McDonald’s in the third quarter valued at about $31,000. Hara Capital LLC bought a new stake in shares of McDonald’s in the third quarter worth about $44,000. Financial Life Planners purchased a new position in McDonald’s during the 4th quarter valued at about $49,000. Finally, Peterson Financial Group Inc. bought a new position in McDonald’s during the 3rd quarter valued at approximately $58,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares in the company, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,406 shares of company stock worth $2,150,857 in the last three months. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MCD shares. Robert W. Baird cut McDonald’s from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Wedbush reaffirmed an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a research report on Wednesday, October 23rd. Evercore ISI increased their price target on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Wells Fargo & Company increased their target price on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $318.86.

McDonald’s Stock Performance

McDonald’s stock opened at $294.37 on Friday. The company has a market capitalization of $210.95 billion, a PE ratio of 25.84, a P/E/G ratio of 3.83 and a beta of 0.74. The company has a 50 day moving average price of $290.75 and a 200-day moving average price of $290.37. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90.

McDonald’s Announces Dividend

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

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.