Impax Asset Management Group plc Has $3.64 Million Position in McDonald’s Co. (NYSE:MCD)

Impax Asset Management Group plc lowered its stake in shares of McDonald’s Co. (NYSE:MCD) by 3.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 12,561 shares of the fast-food giant’s stock after selling 471 shares during the period. Impax Asset Management Group plc’s holdings in McDonald’s were worth $3,641,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Quartz Partners LLC raised its position in McDonald’s by 2.3% in the fourth quarter. Quartz Partners LLC now owns 2,361 shares of the fast-food giant’s stock worth $684,000 after purchasing an additional 52 shares in the last quarter. Edge Capital Group LLC raised its position in McDonald’s by 25.6% in the fourth quarter. Edge Capital Group LLC now owns 4,388 shares of the fast-food giant’s stock worth $1,272,000 after purchasing an additional 894 shares in the last quarter. GHE LLC raised its position in McDonald’s by 0.9% in the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant’s stock worth $4,469,000 after purchasing an additional 136 shares in the last quarter. Holistic Financial Partners raised its position in McDonald’s by 11.5% in the fourth quarter. Holistic Financial Partners now owns 1,378 shares of the fast-food giant’s stock worth $399,000 after purchasing an additional 142 shares in the last quarter. Finally, IFP Advisors Inc raised its position in McDonald’s by 26.6% in the fourth quarter. IFP Advisors Inc now owns 28,923 shares of the fast-food giant’s stock worth $8,385,000 after purchasing an additional 6,078 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the transaction, the chief executive officer now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total transaction of $319,918.90. Following the transaction, the insider now directly owns 8,187 shares in the company, valued at approximately $2,383,235.70. This represents a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,106 shares of company stock valued at $6,382,112 over the last three months. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Stock Performance

Shares of MCD stock opened at $307.34 on Tuesday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The stock has a market cap of $220.24 billion, a PE ratio of 26.98, a PEG ratio of 3.10 and a beta of 0.74. The firm’s 50 day moving average price is $292.80 and its two-hundred day moving average price is $294.35.

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

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.30%. McDonald’s’s payout ratio is presently 62.16%.

Analyst Ratings Changes

Several research firms recently issued reports on MCD. Truist Financial dropped their price target on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. KeyCorp raised their price objective on shares of McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. TD Cowen reaffirmed a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a report on Tuesday, October 29th. TD Securities reaffirmed a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a report on Monday, February 10th. Finally, Citigroup raised their price objective on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $323.61.

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.