Mutual of America Capital Management LLC Decreases Stake in McDonald's Co. (NYSE:MCD)

Mutual of America Capital Management LLC trimmed its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 2.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 88,382 shares of the fast-food giant's stock after selling 2,567 shares during the quarter. Mutual of America Capital Management LLC's holdings in McDonald's were worth $26,913,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Hara Capital LLC bought a new position in shares of McDonald's during the 3rd quarter valued at about $44,000. Kings Path Partners LLC purchased a new position in McDonald's during the 2nd quarter valued at $38,000. Opal Wealth Advisors LLC bought a new position in McDonald's in the second quarter worth about $59,000. Bbjs Financial Advisors LLC bought a new position in shares of McDonald's in the 2nd quarter worth approximately $65,000. Finally, Macroview Investment Management LLC raised its holdings in McDonald's by 433.3% in the second quarter. Macroview Investment Management LLC now owns 256 shares of the fast-food giant's stock worth $65,000 after purchasing an additional 208 shares in the last quarter. Institutional investors own 70.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MCD. KeyCorp boosted their target price on shares of McDonald's from $305.00 to $330.00 and gave the company an "overweight" rating in a report on Monday, October 7th. TD Cowen reaffirmed a "hold" rating and set a $300.00 target price on shares of McDonald's in a research note on Tuesday, October 29th. Stifel Nicolaus dropped their price target on McDonald's from $285.00 to $265.00 and set a "hold" rating on the stock in a research report on Monday, July 22nd. The Goldman Sachs Group raised their price objective on McDonald's from $284.00 to $325.00 and gave the company a "neutral" rating in a research report on Tuesday, September 24th. Finally, Jefferies Financial Group increased their target price on McDonald's from $310.00 to $330.00 and gave the stock a "buy" rating in a research note on Monday, September 9th. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $319.46.

McDonald's Price Performance

Shares of NYSE:MCD traded down $5.93 during trading on Friday, hitting $292.63. The company's stock had a trading volume of 4,039,432 shares, compared to its average volume of 4,976,190. The firm has a market cap of $209.70 billion, a price-to-earnings ratio of 25.69, a P/E/G ratio of 3.89 and a beta of 0.74. The company has a 50-day moving average of $300.06 and a 200-day moving average of $277.46. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.05. The business had revenue of $6.87 billion for the quarter, compared to analysts' expectations of $6.82 billion. McDonald's had a net margin of 31.79% and a negative return on equity of 175.42%. The company's revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $3.19 EPS. As a group, research analysts anticipate that McDonald's Co. will post 11.77 earnings per share for the current year.

McDonald's Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $1.77 dividend. This is a boost from McDonald's's previous quarterly dividend of $1.67. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.42%. McDonald's's dividend payout ratio is presently 58.65%.

Insider Activity

In other McDonald's news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the sale, the insider now owns 12,583 shares in the company, valued at approximately $3,632,712.10. This represents a 8.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the business's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $300.03, for a total value of $3,518,451.81. Following the completion of the transaction, the chief executive officer now owns 49,885 shares in the company, valued at $14,966,996.55. The trade was a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,596 shares of company stock valued at $10,698,289 in the last ninety days. Corporate insiders own 0.23% of the company's stock.

McDonald's Profile

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.