BFI Infinity Ltd. Takes Position in McDonald’s Co. (NYSE:MCD)

BFI Infinity Ltd. acquired a new stake in McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,735 shares of the fast-food giant’s stock, valued at approximately $503,000. McDonald’s makes up about 0.5% of BFI Infinity Ltd.’s holdings, making the stock its 21st biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MCD. Legacy Investment Solutions LLC acquired a new position in McDonald’s in the 3rd quarter worth about $25,000. RPg Family Wealth Advisory LLC bought a new position in McDonald’s in the 3rd quarter valued at approximately $31,000. Hara Capital LLC bought a new position in McDonald’s in the 3rd quarter valued at approximately $44,000. Peterson Financial Group Inc. acquired a new stake in McDonald’s during the 3rd quarter worth approximately $58,000. Finally, FSA Wealth Management LLC acquired a new position in McDonald’s in the 3rd quarter valued at approximately $72,000. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the subject of several analyst reports. Citigroup upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and raised their price target for the stock from $311.00 to $334.00 in a report on Friday, January 10th. Wedbush reiterated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a report on Wednesday, October 23rd. TD Cowen restated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a report on Tuesday, October 29th. Evercore ISI raised their price objective on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Finally, BMO Capital Markets lifted their target price on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $321.39.

Insider Activity

In related news, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at $459,435.60. The trade was a 49.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the sale, the insider now directly owns 10,385 shares in the company, valued at $3,036,366.30. This represents a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,704 shares of company stock worth $2,829,428. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Down 1.4 %

NYSE:MCD opened at $278.37 on Thursday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The company’s 50 day moving average price is $293.43 and its 200-day moving average price is $286.83. The stock has a market cap of $199.49 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 3.67 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $3.19 earnings per share. As a group, sell-side analysts anticipate that McDonald’s Co. will post 11.73 earnings per share for the current year.

McDonald’s Company 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.