Amica Mutual Insurance Co. Increases Stock Position in McDonald’s Co. (NYSE:MCD)

Amica Mutual Insurance Co. increased its holdings in McDonald’s Co. (NYSE:MCD) by 97.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,964 shares of the fast-food giant’s stock after acquiring an additional 13,279 shares during the quarter. Amica Mutual Insurance Co.’s holdings in McDonald’s were worth $7,995,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lodestone Wealth Management LLC increased its position in McDonald’s by 13.8% in the 3rd quarter. Lodestone Wealth Management LLC now owns 1,464 shares of the fast-food giant’s stock valued at $386,000 after acquiring an additional 178 shares during the period. Brookstone Capital Management raised its stake in shares of McDonald’s by 25.0% during the third quarter. Brookstone Capital Management now owns 48,627 shares of the fast-food giant’s stock worth $12,564,000 after purchasing an additional 9,737 shares during the last quarter. Sumitomo Life Insurance Co. lifted its holdings in shares of McDonald’s by 4.1% during the third quarter. Sumitomo Life Insurance Co. now owns 17,539 shares of the fast-food giant’s stock worth $4,620,000 after purchasing an additional 686 shares during the period. Cavalier Investments LLC grew its position in McDonald’s by 3.4% in the 3rd quarter. Cavalier Investments LLC now owns 7,341 shares of the fast-food giant’s stock valued at $1,934,000 after buying an additional 244 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA increased its stake in McDonald’s by 109.6% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 92,615 shares of the fast-food giant’s stock valued at $24,398,000 after buying an additional 48,428 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

MCD stock traded up $0.48 during trading on Monday, hitting $273.57. The stock had a trading volume of 3,184,201 shares, compared to its average volume of 3,269,845. The stock has a market cap of $197.25 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 2.98 and a beta of 0.71. The company’s 50 day moving average price is $281.31 and its two-hundred day moving average price is $282.15. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the previous year, the business posted $2.59 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. As a group, sell-side analysts forecast that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is 57.74%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MCD shares. Citigroup lowered their target price on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a report on Tuesday, April 16th. Bank of America boosted their target price on McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. UBS Group reduced their price target on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a report on Friday, April 5th. Oppenheimer reaffirmed a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. Finally, Stephens reiterated an “overweight” rating and issued a $320.00 price objective on shares of McDonald’s in a research report on Monday, February 5th. Nine equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $318.41.

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.