McDonald's Co. (MCD) Shares Bought by Mandatum Life Insurance Co Ltd

Mandatum Life Insurance Co Ltd boosted its holdings in McDonald's Co. (NYSE:MCD) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,477 shares of the fast-food giant’s stock after purchasing an additional 638 shares during the quarter. Mandatum Life Insurance Co Ltd’s holdings in McDonald's were worth $1,955,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Horan Capital Advisors LLC. acquired a new position in shares of McDonald's during the 3rd quarter worth $104,000. Phocas Financial Corp. acquired a new position in shares of McDonald's during the 2nd quarter worth $107,000. Proficio Capital Partners LLC grew its stake in shares of McDonald's by 0.7% during the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after purchasing an additional 5 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of McDonald's by 219.2% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock worth $130,000 after purchasing an additional 570 shares during the period. Finally, Howe & Rusling Inc. grew its stake in shares of McDonald's by 75.0% during the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock worth $132,000 after purchasing an additional 360 shares during the period. Hedge funds and other institutional investors own 67.43% of the company’s stock.

MCD has been the topic of a number of recent analyst reports. Jefferies Group raised shares of McDonald's from a “hold” rating to a “buy” rating and upped their price target for the stock from $150.00 to $200.00 in a research note on Tuesday, December 5th. Goldman Sachs Group set a $173.00 price target on shares of McDonald's and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Deutsche Bank set a $185.00 price target on shares of McDonald's and gave the stock a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research raised shares of McDonald's from a “hold” rating to a “buy” rating and set a $196.00 price target on the stock in a research note on Thursday, January 18th. Finally, Credit Suisse Group boosted their price objective on shares of McDonald's from $170.00 to $178.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Nine analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. McDonald's presently has an average rating of “Buy” and an average price target of $184.95.

In other news, insider Douglas M. Goare sold 34,575 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total transaction of $5,999,799.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Catherine A. Hoovel sold 1,398 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total transaction of $238,414.92. Following the transaction, the vice president now owns 1,398 shares in the company, valued at $238,414.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 207,550 shares of company stock worth $35,118,055. Insiders own 0.24% of the company’s stock.

McDonald's Co. (NYSE MCD) opened at $160.83 on Thursday. The firm has a market cap of $128,260.00, a PE ratio of 25.30, a PEG ratio of 2.36 and a beta of 0.59. McDonald's Co. has a 1-year low of $126.31 and a 1-year high of $178.70. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17.

McDonald's (NYSE:MCD) last announced its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.12. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.22 billion. McDonald's had a net margin of 22.75% and a negative return on equity of 217.17%. The company’s revenue was down 11.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.44 EPS. research analysts anticipate that McDonald's Co. will post 7.65 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a dividend of $1.01 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $4.04 annualized dividend and a dividend yield of 2.51%. McDonald's’s payout ratio is currently 63.52%.

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McDonald's Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

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

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