Intact Investment Management Inc. Sells 13,500 Shares of McDonald’s Co. (NYSE:MCD)

Intact Investment Management Inc. cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 34.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,000 shares of the fast-food giant’s stock after selling 13,500 shares during the quarter. Intact Investment Management Inc.’s holdings in McDonald’s were worth $7,709,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Independent Wealth Network Inc. increased its holdings in shares of McDonald’s by 4.2% during the 4th quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock worth $256,000 after acquiring an additional 35 shares during the last quarter. Paragon Capital Management Ltd increased its holdings in shares of McDonald’s by 2.7% during the 4th quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock worth $407,000 after acquiring an additional 36 shares during the last quarter. Unique Wealth LLC increased its holdings in shares of McDonald’s by 1.2% during the 4th quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock worth $963,000 after acquiring an additional 38 shares during the last quarter. Patron Partners LLC increased its holdings in shares of McDonald’s by 0.7% during the 4th quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock worth $1,529,000 after acquiring an additional 38 shares during the last quarter. Finally, Wagner Wealth Management LLC increased its holdings in shares of McDonald’s by 4.4% during the 4th quarter. Wagner Wealth Management LLC now owns 906 shares of the fast-food giant’s stock worth $269,000 after acquiring an additional 38 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Performance

Shares of MCD stock traded down $2.51 on Friday, hitting $273.09. The company had a trading volume of 3,636,458 shares, compared to its average volume of 3,338,426. The stock’s 50-day moving average is $281.68 and its two-hundred day moving average is $281.53. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The firm has a market cap of $196.90 billion, a P/E ratio of 23.61, a P/E/G ratio of 3.01 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter last year, the firm posted $2.59 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. Equities research analysts predict that McDonald’s Co. will post 12.34 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $1.67 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a yield of 2.45%. McDonald’s’s dividend payout ratio is currently 57.74%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of research reports. Erste Group Bank reaffirmed a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Stifel Nicolaus decreased their price objective on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a report on Thursday, April 11th. Oppenheimer reaffirmed a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. StockNews.com lowered McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Finally, Morgan Stanley decreased their price objective on McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Nine analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $318.41.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.