Amica Retiree Medical Trust Has $729,000 Position in McDonald’s Co. (NYSE:MCD)

Amica Retiree Medical Trust decreased its stake in McDonald’s Co. (NYSE:MCD) by 20.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,516 shares of the fast-food giant’s stock after selling 658 shares during the period. Amica Retiree Medical Trust’s holdings in McDonald’s were worth $729,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s during the 3rd quarter worth approximately $25,000. Atala Financial Inc bought a new stake in shares of McDonald’s during the fourth quarter worth about $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald’s in the 4th quarter worth about $27,000. Collier Financial bought a new stake in shares of McDonald’s in the 4th quarter worth $29,000. Finally, Fairway Wealth LLC increased its stake in McDonald’s by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after buying an additional 55 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the sale, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the sale, the executive vice president now owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,405 shares of company stock worth $9,886,656. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Price Performance

NYSE MCD opened at $313.39 on Thursday. The firm has a market cap of $223.91 billion, a P/E ratio of 27.51, a P/E/G ratio of 3.10 and a beta of 0.71. The stock’s 50-day moving average is $300.34 and its 200-day moving average is $297.89. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32.

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

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Monday, March 3rd. McDonald’s’s payout ratio is currently 62.16%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MCD. JPMorgan Chase & Co. boosted their target price on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Piper Sandler lowered their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Robert W. Baird upped their price objective on 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 target price on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Finally, Truist Financial lowered their price objective on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $323.39.

McDonald’s Company 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.