Mutual of America Capital Management LLC Sells 4,909 Shares of McDonald’s Co. (NYSE:MCD)

Mutual of America Capital Management LLC trimmed its holdings in shares of McDonald’s Co. (NYSE:MCDFree Report) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,128 shares of the fast-food giant’s stock after selling 4,909 shares during the period. Mutual of America Capital Management LLC’s holdings in McDonald’s were worth $28,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Blue Bell Private Wealth Management LLC increased its holdings in shares of McDonald’s by 51.9% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after acquiring an additional 42 shares during the period. Spartan Planning & Wealth Management purchased a new position in McDonald’s in the third quarter valued at about $33,000. Keener Financial Planning LLC bought a new position in McDonald’s in the fourth quarter worth about $39,000. Retirement Group LLC purchased a new stake in shares of McDonald’s during the fourth quarter valued at about $37,000. Finally, VisionPoint Advisory Group LLC purchased a new position in shares of McDonald’s in the 2nd quarter worth approximately $46,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Bank of America raised their target price on shares of McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. Royal Bank of Canada decreased their price target on McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research note on Tuesday, February 6th. Robert W. Baird restated an “outperform” rating and set a $315.00 price target on shares of McDonald’s in a research note on Tuesday, February 6th. Argus reiterated a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Finally, StockNews.com downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and a consensus price target of $320.00.

View Our Latest Research Report on MCD

McDonald’s Price Performance

Shares of NYSE MCD opened at $268.62 on Friday. The firm’s 50 day simple moving average is $285.59 and its 200-day simple moving average is $280.55. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39. The stock has a market capitalization of $193.68 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 2.90 and a beta of 0.71.

McDonald’s (NYSE:MCDGet Free Report) last released its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.83 by $0.12. The company had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business earned $2.59 earnings per share. Analysts anticipate that McDonald’s Co. will post 12.38 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.49%. McDonald’s’s dividend payout ratio is presently 57.74%.

About McDonald’s

(Free Report)

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.

See Also

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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