Mutual of America Capital Management LLC Has $23.18 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Mutual of America Capital Management LLC trimmed its position in McDonald’s Co. (NYSE:MCD) by 4.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,949 shares of the fast-food giant’s stock after selling 4,212 shares during the quarter. Mutual of America Capital Management LLC’s holdings in McDonald’s were worth $23,177,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Hantz Financial Services Inc. acquired a new position in shares of McDonald’s during the 2nd quarter worth about $6,612,000. California State Teachers Retirement System raised its stake in shares of McDonald’s by 1.4% during the 4th quarter. California State Teachers Retirement System now owns 1,180,928 shares of the fast-food giant’s stock worth $350,157,000 after purchasing an additional 15,863 shares in the last quarter. Brevan Howard Capital Management LP raised its stake in shares of McDonald’s by 411.4% during the 4th quarter. Brevan Howard Capital Management LP now owns 7,497 shares of the fast-food giant’s stock worth $2,223,000 after purchasing an additional 6,031 shares in the last quarter. SageView Advisory Group LLC increased its holdings in shares of McDonald’s by 51.2% during the 4th quarter. SageView Advisory Group LLC now owns 19,032 shares of the fast-food giant’s stock worth $5,608,000 after acquiring an additional 6,447 shares during the last quarter. Finally, BNP Paribas acquired a new position in shares of McDonald’s during the 1st quarter worth approximately $7,898,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the sale, the insider now owns 14,780 shares of the company’s stock, valued at $3,842,800. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $260.00, for a total transaction of $285,480.00. Following the completion of the sale, the insider now owns 14,780 shares of the company’s stock, valued at $3,842,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total value of $285,740.00. Following the sale, the insider now directly owns 13,681 shares of the company’s stock, valued at approximately $3,557,060. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,291 shares of company stock valued at $1,689,073. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on MCD. Jefferies Financial Group boosted their target price on McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Morgan Stanley reduced their target price on McDonald’s from $312.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. Loop Capital reissued a “buy” rating and set a $342.00 target price on shares of McDonald’s in a report on Tuesday, September 10th. TD Cowen lowered McDonald’s from a “buy” rating to a “hold” rating and reduced their target price for the stock from $285.00 to $280.00 in a report on Wednesday, July 31st. Finally, The Goldman Sachs Group began coverage on McDonald’s in a report on Thursday, June 13th. They set a “neutral” rating and a $288.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $306.11.

McDonald’s Trading Down 1.0 %

Shares of MCD stock opened at $293.73 on Wednesday. The stock has a market cap of $211.69 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 3.88 and a beta of 0.72. The stock has a 50-day moving average of $274.83 and a 200-day moving average of $270.53. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $302.39.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.10). The company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company posted $3.17 EPS. Sell-side analysts forecast that McDonald’s Co. will post 11.67 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a $1.67 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.27%. McDonald’s’s payout ratio is 56.71%.

About McDonald’s

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.