Mutual of America Capital Management LLC Reduces Position in McDonald’s Co. (NYSE:MCD)

Mutual of America Capital Management LLC decreased its position in McDonald’s Co. (NYSE:MCD) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,898 shares of the fast-food giant’s stock after selling 2,484 shares during the period. Mutual of America Capital Management LLC’s holdings in McDonald’s were worth $24,901,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MCD. Baron Silver Stevens Financial Advisors LLC grew its stake in shares of McDonald’s by 4.1% in the 3rd quarter. Baron Silver Stevens Financial Advisors LLC now owns 1,941 shares of the fast-food giant’s stock valued at $591,000 after buying an additional 76 shares during the period. Reston Wealth Management LLC purchased a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $194,000. LCM Capital Management Inc grew its stake in shares of McDonald’s by 1.3% in the 3rd quarter. LCM Capital Management Inc now owns 2,887 shares of the fast-food giant’s stock valued at $879,000 after buying an additional 36 shares during the period. Summit Wealth Partners LLC purchased a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $213,000. Finally, Stephens Inc. AR lifted its holdings in shares of McDonald’s by 2.8% in the 3rd quarter. Stephens Inc. AR now owns 98,748 shares of the fast-food giant’s stock worth $30,070,000 after acquiring an additional 2,690 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Tiffanie L. Boyd sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. This trade represents a 15.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the transaction, the chief executive officer now directly owns 32,756 shares in the company, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,504 shares of company stock valued at $10,206,575 in the last ninety days. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

MCD has been the topic of several recent analyst reports. Citigroup upped their price objective on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Barclays upped their price objective on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Robert W. Baird upped their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. KeyCorp upped their price objective on shares of McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, Bank of America upped their price objective 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. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Trading Down 0.6 %

Shares of MCD opened at $308.17 on Friday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The firm’s fifty day simple moving average is $294.06 and its 200-day simple moving average is $295.09. The firm has a market capitalization of $220.84 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 3.10 and a beta of 0.74.

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

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

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.