Aigen Investment Management LP Sells 4,829 Shares of McDonald’s Co. (NYSE:MCD)

Aigen Investment Management LP trimmed its stake in shares of McDonald’s Co. (NYSE:MCD) by 77.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,370 shares of the fast-food giant’s stock after selling 4,829 shares during the quarter. Aigen Investment Management LP’s holdings in McDonald’s were worth $397,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MCD. Van ECK Associates Corp lifted its position in shares of McDonald’s by 8.9% during the 3rd quarter. Van ECK Associates Corp now owns 17,809 shares of the fast-food giant’s stock valued at $5,317,000 after acquiring an additional 1,451 shares during the period. Keudell Morrison Wealth Management bought a new stake in shares of McDonald’s during the 3rd quarter valued at $209,000. Hara Capital LLC bought a new stake in shares of McDonald’s during the 3rd quarter valued at $44,000. Western Pacific Wealth Management LP lifted its position in shares of McDonald’s by 31.8% during the 3rd quarter. Western Pacific Wealth Management LP now owns 626 shares of the fast-food giant’s stock worth $191,000 after buying an additional 151 shares during the last quarter. Finally, Mainstream Capital Management LLC bought a new stake in shares of McDonald’s during the 3rd quarter worth $386,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Price Performance

Shares of MCD opened at $321.52 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $323.17. The company has a market capitalization of $229.71 billion, a price-to-earnings ratio of 28.23, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The business has a 50-day moving average of $295.69 and a 200-day moving average of $296.25.

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 negative return on equity of 181.63% and a net margin of 31.73%. As a group, sell-side analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.20%. McDonald’s’s payout ratio is currently 62.16%.

Insiders Place Their Bets

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. The trade was a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the sale, the insider now owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. The trade was a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,504 shares of company stock worth $10,206,575. 0.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MCD. Truist Financial dropped their price objective on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Loop Capital restated a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. Citigroup upped their price objective on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Robert W. Baird upped their price objective on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. upped their price objective on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s has a consensus 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.