BFI Infinity Ltd. Sells 560 Shares of McDonald’s Co. (NYSE:MCD)

BFI Infinity Ltd. lessened its holdings in McDonald’s Co. (NYSE:MCD) by 32.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,175 shares of the fast-food giant’s stock after selling 560 shares during the quarter. BFI Infinity Ltd.’s holdings in McDonald’s were worth $367,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. First National Bank of Mount Dora Trust Investment Services raised its stake in McDonald’s by 68.8% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 21,812 shares of the fast-food giant’s stock worth $6,813,000 after acquiring an additional 8,891 shares in the last quarter. Sonora Investment Management Group LLC grew its holdings in shares of McDonald’s by 6.4% during the 1st quarter. Sonora Investment Management Group LLC now owns 48,785 shares of the fast-food giant’s stock valued at $15,239,000 after purchasing an additional 2,924 shares during the last quarter. Accurate Wealth Management LLC increased its position in McDonald’s by 5.2% during the 1st quarter. Accurate Wealth Management LLC now owns 6,146 shares of the fast-food giant’s stock worth $1,903,000 after purchasing an additional 302 shares in the last quarter. Fiduciary Financial Group LLC lifted its stake in McDonald’s by 187.3% in the 1st quarter. Fiduciary Financial Group LLC now owns 5,175 shares of the fast-food giant’s stock valued at $1,588,000 after purchasing an additional 3,374 shares during the last quarter. Finally, Simplicity Wealth LLC lifted its stake in McDonald’s by 232.0% in the 1st quarter. Simplicity Wealth LLC now owns 6,693 shares of the fast-food giant’s stock valued at $2,091,000 after purchasing an additional 4,677 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the sale, the insider now directly owns 12,100 shares in the company, valued at approximately $3,853,850. The trade was a 7.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD stock opened at $304.84 on Tuesday. The company has a market capitalization of $217.97 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 3.10 and a beta of 0.56. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The company has a 50-day simple moving average of $312.15 and a two-hundred day simple moving average of $302.86.

McDonald’s (NYSE:MCD) last released its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The company had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same period in the prior year, the company posted $2.70 earnings per share. McDonald’s’s quarterly revenue was down 3.5% on a year-over-year basis. On average, sell-side analysts forecast that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Monday, June 2nd. McDonald’s’s dividend payout ratio is currently 62.49%.

Analyst Ratings Changes

A number of analysts have weighed in on MCD shares. Citigroup boosted their target price on shares of McDonald’s from $353.00 to $364.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Robert W. Baird upped their target price on McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Truist Financial set a $350.00 price target on McDonald’s in a research note on Friday, May 2nd. Bank of America upped their price objective on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Finally, Piper Sandler raised their price objective on shares of McDonald’s from $292.00 to $314.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, McDonald’s has a consensus rating of “Hold” and a consensus target price of $321.79.

About McDonald’s

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.