Xact Kapitalforvaltning AB Buys 5,928 Shares of McDonald’s Co. (MCD)

Xact Kapitalforvaltning AB lifted its stake in McDonald’s Co. (NYSE:MCD) by 4.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 148,494 shares of the fast-food giant’s stock after buying an additional 5,928 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in McDonald’s were worth $23,221,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rainier Group Investment Advisory LLC purchased a new position in McDonald’s during the first quarter worth approximately $102,000. Elmwood Wealth Management Inc. purchased a new position in McDonald’s during the first quarter worth approximately $104,000. Pinnacle Wealth Planning Services Inc. purchased a new position in McDonald’s during the fourth quarter worth approximately $109,000. Tarbox Family Office Inc. boosted its position in McDonald’s by 105.8% during the fourth quarter. Tarbox Family Office Inc. now owns 638 shares of the fast-food giant’s stock worth $110,000 after purchasing an additional 328 shares in the last quarter. Finally, Horan Capital Management purchased a new position in McDonald’s during the fourth quarter worth approximately $110,000. Hedge funds and other institutional investors own 67.26% of the company’s stock.

In related news, insider Douglas M. Goare sold 13,255 shares of the stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $165.40, for a total value of $2,192,377.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kevin M. Ozan sold 18,636 shares of the stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $165.69, for a total value of $3,087,798.84. Following the completion of the sale, the executive vice president now directly owns 29,800 shares of the company’s stock, valued at approximately $4,937,562. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by company insiders.

NYSE MCD opened at $156.69 on Monday. The company has a market capitalization of $123.03 billion, a PE ratio of 23.53, a PEG ratio of 2.31 and a beta of 0.65. McDonald’s Co. has a 1-year low of $146.84 and a 1-year high of $178.70. The company has a current ratio of 1.74, a quick ratio of 1.72 and a debt-to-equity ratio of -6.54.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, April 30th. The fast-food giant reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.12. McDonald’s had a negative return on equity of 167.80% and a net margin of 24.02%. The business had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter last year, the business posted $1.47 earnings per share. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. research analysts predict that McDonald’s Co. will post 7.68 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 18th. Investors of record on Monday, June 4th were issued a $1.01 dividend. The ex-dividend date of this dividend was Friday, June 1st. This represents a $4.04 annualized dividend and a dividend yield of 2.58%. McDonald’s’s dividend payout ratio is presently 60.66%.

A number of brokerages have issued reports on MCD. BMO Capital Markets increased their price target on McDonald’s from $190.00 to $195.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 1st. Wells Fargo & Co reiterated a “buy” rating and set a $185.00 price target on shares of McDonald’s in a research report on Thursday, June 21st. Barclays reiterated a “buy” rating and set a $204.00 price target on shares of McDonald’s in a research report on Wednesday, May 2nd. Citigroup increased their price target on McDonald’s from $176.00 to $178.00 and gave the stock a “neutral” rating in a research report on Thursday, June 14th. Finally, ValuEngine upgraded McDonald’s from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Nine investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. McDonald’s has a consensus rating of “Buy” and a consensus target price of $184.00.

About McDonald’s

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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Institutional Ownership by Quarter for McDonald`s (NYSE:MCD)

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