Infusive Asset Management Inc. Lowers Position in McDonald’s Co. (NYSE:MCD)

Infusive Asset Management Inc. reduced its stake in shares of McDonald’s Co. (NYSE:MCD) by 53.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 24,936 shares of the fast-food giant’s stock after selling 28,200 shares during the period. McDonald’s makes up approximately 3.2% of Infusive Asset Management Inc.’s portfolio, making the stock its 13th largest position. Infusive Asset Management Inc.’s holdings in McDonald’s were worth $7,229,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in MCD. Goodman Advisory Group LLC lifted its holdings in shares of McDonald’s by 0.4% during the 4th quarter. Goodman Advisory Group LLC now owns 9,553 shares of the fast-food giant’s stock worth $2,769,000 after acquiring an additional 42 shares during the period. Capital International Ltd. CA lifted its stake in shares of McDonald’s by 0.7% during the fourth quarter. Capital International Ltd. CA now owns 36,065 shares of the fast-food giant’s stock worth $10,455,000 after purchasing an additional 264 shares in the last quarter. Cadence Bank boosted its holdings in McDonald’s by 65.9% in the 4th quarter. Cadence Bank now owns 35,154 shares of the fast-food giant’s stock worth $10,191,000 after acquiring an additional 13,962 shares during the period. Capital International Sarl grew its holdings in McDonald’s by 8.7% during the 4th quarter. Capital International Sarl now owns 43,398 shares of the fast-food giant’s stock valued at $12,581,000 after purchasing an additional 3,469 shares in the last quarter. Finally, Alpha DNA Investment Management LLC lifted its holdings in McDonald’s by 269.1% in the 4th quarter. Alpha DNA Investment Management LLC now owns 14,124 shares of the fast-food giant’s stock worth $4,094,000 after buying an additional 10,297 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of recent analyst reports. Barclays upped 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. Citigroup decreased their price target on McDonald’s from $360.00 to $353.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Bank of America raised their price objective on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. TD Securities restated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research report on Monday, February 10th. Finally, Loop Capital reissued a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Nine analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $322.87.

Insider Buying and Selling

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the sale, the executive vice president now owns 5,564 shares in the company, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,497 shares of company stock worth $8,461,400. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.6 %

MCD stock opened at $310.82 on Friday. The firm has a market capitalization of $222.07 billion, a PE ratio of 27.29, a P/E/G ratio of 3.10 and a beta of 0.62. The stock’s 50 day moving average is $307.36 and its 200-day moving average is $299.30. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32.

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

McDonald’s Announces Dividend

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

McDonald’s 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.