McDonald’s Co. (NYSE:MCD) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its stake in McDonald’s Co. (NYSE:MCD) by 2.8% in the 4th quarter, Holdings Channel reports. The firm owned 85,898 shares of the fast-food giant’s stock after selling 2,484 shares during the quarter. Mutual of America Capital Management LLC’s holdings in McDonald’s were worth $24,901,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mattern Capital Management LLC raised its position in McDonald’s by 2.0% during the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock worth $8,729,000 after acquiring an additional 579 shares during the last quarter. Bell Bank raised its position in McDonald’s by 3.0% during the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock worth $3,681,000 after acquiring an additional 371 shares during the last quarter. Kennebec Savings Bank acquired a new position in McDonald’s during the third quarter worth about $1,394,000. YANKCOM Partnership acquired a new position in McDonald’s during the fourth quarter worth about $1,628,000. Finally, Charles Schwab Investment Management Inc. raised its position in McDonald’s by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after acquiring an additional 49,106 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MCD shares. Morgan Stanley lifted their target price on shares of McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. BMO Capital Markets lifted their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Robert W. Baird lifted their price target 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. Wedbush lifted their price target on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Finally, Truist Financial lowered their price target on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Stock Down 0.6 %

MCD opened at $308.17 on Friday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The company has a 50 day moving average of $294.06 and a two-hundred day moving average of $295.09. The company has a market cap of $220.84 billion, a P/E ratio of 27.06, a P/E/G ratio of 3.10 and a beta of 0.74.

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

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.30%. McDonald’s’s dividend payout ratio is currently 62.16%.

Insiders Place Their Bets

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were 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 of the company’s stock, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total transaction of $319,918.90. Following the transaction, the insider now directly owns 8,187 shares in the company, 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. Insiders sold a total of 33,504 shares of company stock worth $10,206,575 over the last ninety days. 0.23% of the stock is owned by company insiders.

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.