Voya Investment Management LLC Sells 8,573 Shares of McDonald's Co. (NYSE:MCD)

Voya Investment Management LLC trimmed its position in McDonald's Co. (NYSE:MCD - Free Report) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 611,873 shares of the fast-food giant's stock after selling 8,573 shares during the period. Voya Investment Management LLC owned approximately 0.09% of McDonald's worth $177,376,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in McDonald's by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock valued at $20,341,391,000 after purchasing an additional 526,466 shares in the last quarter. Geode Capital Management LLC increased its stake in McDonald's by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock worth $4,652,768,000 after acquiring an additional 157,458 shares during the period. Capital Research Global Investors increased its stake in McDonald's by 5.2% in the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock valued at $3,088,037,000 after acquiring an additional 531,070 shares during the last quarter. Norges Bank acquired a new position in McDonald's during the fourth quarter worth about $2,725,190,000. Finally, Bank of New York Mellon Corp grew its stake in shares of McDonald's by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 5,803,833 shares of the fast-food giant's stock worth $1,682,473,000 after buying an additional 52,195 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at McDonald's

In other McDonald's news, CMO Edith Morgan Flatley sold 3,200 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total value of $962,432.00. Following the transaction, the chief marketing officer now directly owns 9,858 shares of the company's stock, valued at $2,964,892.08. This trade represents a 24.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $305.00, for a total transaction of $286,395.00. Following the sale, the insider now owns 13,978 shares in the company, valued at $4,263,290. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,136 shares of company stock worth $8,676,247. 0.23% of the stock is owned by insiders.

McDonald's Stock Down 0.2 %

McDonald's stock opened at $318.58 on Thursday. The stock has a 50-day moving average price of $307.79 and a 200 day moving average price of $299.60. The company has a market capitalization of $227.61 billion, a price-to-earnings ratio of 27.97, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS 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%. Research analysts anticipate that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date was Monday, March 3rd. McDonald's's dividend payout ratio is currently 62.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MCD shares. TD Securities reiterated a "hold" rating and issued a $300.00 price target on shares of McDonald's in a research report on Monday, February 10th. Loop Capital reaffirmed a "buy" rating and issued a $342.00 price objective on shares of McDonald's in a research report on Friday, January 3rd. Barclays dropped their target price on shares of McDonald's from $350.00 to $347.00 and set an "overweight" rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. increased their target price on shares of McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Finally, KeyCorp lifted their target price on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, McDonald's currently has a consensus rating of "Moderate Buy" and an average target price of $322.74.

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.

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