Amica Mutual Insurance Co. Has $8 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Amica Mutual Insurance Co. grew its position in McDonald’s Co. (NYSE:MCD) by 97.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 26,964 shares of the fast-food giant’s stock after purchasing an additional 13,279 shares during the period. 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 also recently made changes to their positions in the company. Ledyard National Bank raised its stake in shares of McDonald’s by 20.9% during the fourth quarter. Ledyard National Bank now owns 4,562 shares of the fast-food giant’s stock worth $1,353,000 after buying an additional 789 shares during the last quarter. Steele Capital Management Inc. acquired a new position in shares of McDonald’s in the 4th quarter valued at $733,000. Fernwood Investment Management LLC lifted its stake in shares of McDonald’s by 2.9% in the 4th quarter. Fernwood Investment Management LLC now owns 6,342 shares of the fast-food giant’s stock valued at $1,880,000 after purchasing an additional 176 shares during the period. Altrius Capital Management Inc acquired a new position in shares of McDonald’s in the 4th quarter valued at $204,000. Finally, Anchor Capital Advisors LLC acquired a new stake in shares of McDonald’s during the fourth quarter worth $1,924,000. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on MCD. Oppenheimer reissued a “market perform” rating on shares of McDonald’s in a research note on Friday, January 5th. Wedbush decreased their price objective on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Friday. Barclays cut their target price on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a report on Tuesday, February 6th. Erste Group Bank reiterated a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Finally, Argus reiterated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. Nine research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $318.41.

McDonald’s Trading Up 0.2 %

Shares of NYSE:MCD traded up $0.48 during trading on Monday, hitting $273.57. 3,184,201 shares of the company were exchanged, 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 P/E/G ratio of 2.98 and a beta of 0.71. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The firm has a fifty day moving average price of $281.31 and a two-hundred day moving average price of $282.15.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. The business had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.59 earnings per share. As a group, research analysts predict that McDonald’s Co. will post 12.34 EPS for the current year.

McDonald’s Dividend Announcement

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

Insider Buying and Selling at McDonald’s

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 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 of the company’s stock, valued at approximately $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction 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 owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s 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 completion of the sale, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Company 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.