Infusive Asset Management Inc. Sells 28,200 Shares of McDonald’s Co. (NYSE:MCD)

Infusive Asset Management Inc. trimmed its stake in shares of McDonald’s Co. (NYSE:MCD) by 53.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,936 shares of the fast-food giant’s stock after selling 28,200 shares during the period. McDonald’s makes up 3.2% of Infusive Asset Management Inc.’s investment portfolio, making the stock its 13th largest holding. Infusive Asset Management Inc.’s holdings in McDonald’s were worth $7,229,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atala Financial Inc purchased a new position in McDonald’s during the fourth quarter valued at $26,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of McDonald’s during the 4th quarter valued at approximately $27,000. Collier Financial bought a new stake in McDonald’s during the 4th quarter worth approximately $29,000. Fairway Wealth LLC increased its stake in shares of McDonald’s by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after purchasing an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new position in shares of McDonald’s during the 4th quarter valued at $30,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $310.82 on Friday. The firm’s 50-day moving average is $307.36 and its two-hundred day moving average is $299.30. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The stock has a market cap of $222.07 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 3.10 and a beta of 0.62.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. On average, equities analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. TD Securities restated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research report on Monday, February 10th. Bank of America lifted their target price on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Wedbush increased their price target on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lifted their price objective on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, Barclays increased their target price on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Nine equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $322.87.

Insider Activity at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,497 shares of company stock worth $8,461,400. 0.23% of the stock is owned by corporate insiders.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.