Korea Investment CORP Sells 34,946 Shares of McDonald’s Co. (NYSE:MCD)

Korea Investment CORP trimmed its holdings in shares of McDonald’s Co. (NYSE:MCD) by 6.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 525,359 shares of the fast-food giant’s stock after selling 34,946 shares during the quarter. Korea Investment CORP’s holdings in McDonald’s were worth $152,296,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new stake in shares of McDonald’s during the 3rd quarter worth $25,000. Atala Financial Inc purchased a new stake in shares of McDonald’s during the fourth quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald’s in the 4th quarter valued at about $27,000. Collier Financial purchased a new position in shares of McDonald’s in the 4th quarter worth approximately $29,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of McDonald’s during the 3rd quarter worth approximately $31,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Manuel Jm Steijaert sold 10,459 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the transaction, the executive vice president now owns 4,606 shares of the company’s stock, valued at approximately $1,421,918.26. This trade represents a 69.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,405 shares of company stock valued at $9,886,656. 0.23% of the stock is owned by company insiders.

McDonald’s Stock Performance

MCD opened at $313.39 on Thursday. The company has a fifty day moving average of $300.34 and a two-hundred day moving average of $297.89. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The stock has a market capitalization of $223.91 billion, a price-to-earnings ratio of 27.51, a PEG ratio of 3.10 and a beta of 0.71.

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

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.26%. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Analyst Ratings Changes

Several equities analysts have issued reports on MCD shares. Bank of America lifted their price target on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. TD Securities restated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research note on Monday, February 10th. Citigroup raised their price target on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Erste Group Bank upgraded shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Finally, KeyCorp lifted their target price on shares of McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Nine research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and an average target price of $323.39.

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.