Insurance Companies Hold Nearly $2 Billion in Fast-Food Stock
Related: Fast Food, Insurance Companies, Stock
The fast-food industry has been under fire for a long time for selling high-fat, high-calorie meals that have been linked to weight gain and diabetes, but the industry continues to attract investors. What you may not know is that some of the leading insurance companies in the U.S. are investors.
According to Harvard Medical School researchers, 11 large companies that offer life, disability, or health insurance owned about $1.9 billion in stock in the five largest fast-food companies as of June 2009.
The fast-food companies include McDonald’s, Burger King, and Yum! Brands. Companies from North America and Europe were among the insurers, including U.S.-based Massachusetts Mutual, Northwestern Mutual, and Prudential Financial.
Many believe that insurance companies should sell their fast-food stock or use their influence as shareholders to make fast food healthier in general. Otherwise it makes no sense for insurance companies and unhealthy food companies like McDonald’s to be in bed together.
Last Updated on April 16th, 2010
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