New York State Common Retirement Fund Sells 80,361 Shares of McDonald's Co. (NYSE:MCD)

New York State Common Retirement Fund reduced its stake in McDonald's Co. (NYSE:MCD - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,115,132 shares of the fast-food giant's stock after selling 80,361 shares during the period. New York State Common Retirement Fund owned 0.15% of McDonald's worth $330,648,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MCD. Independent Wealth Network Inc. boosted its position in McDonald's by 4.2% during the 4th quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant's stock valued at $256,000 after buying an additional 35 shares during the period. Paragon Capital Management Ltd increased its stake in McDonald's by 2.7% during the 4th quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant's stock valued at $407,000 after purchasing an additional 36 shares in the last quarter. Unique Wealth LLC increased its stake in McDonald's by 1.2% during the 4th quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant's stock valued at $963,000 after purchasing an additional 38 shares in the last quarter. Patron Partners LLC grew its stake in shares of McDonald's by 0.7% in the fourth quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant's stock worth $1,529,000 after acquiring an additional 38 shares during the period. Finally, Wagner Wealth Management LLC grew its stake in shares of McDonald's by 4.4% in the fourth quarter. Wagner Wealth Management LLC now owns 906 shares of the fast-food giant's stock worth $269,000 after acquiring an additional 38 shares during the period. 70.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MCD shares. Erste Group Bank reiterated a "hold" rating on shares of McDonald's in a research note on Wednesday, April 3rd. Royal Bank of Canada reduced their price target on shares of McDonald's from $340.00 to $335.00 and set an "outperform" rating for the company in a research note on Tuesday, February 6th. Stifel Nicolaus reduced their price target on shares of McDonald's from $315.00 to $300.00 and set a "hold" rating for the company in a research note on Thursday, April 11th. Bank of America lifted their price target on shares of McDonald's from $291.00 to $341.00 and gave the stock a "neutral" rating in a research note on Monday, January 29th. Finally, TD Cowen reissued a "buy" rating and issued a $325.00 price objective on shares of McDonald's in a report on Wednesday, April 10th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, McDonald's currently has an average rating of "Moderate Buy" and a consensus target price of $319.72.

Insider Buying and Selling at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 1,099 shares of the business's stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now 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 available at this hyperlink. Company insiders own 0.23% of the company's stock.

McDonald's Trading Up 1.3 %

MCD traded up $3.62 during trading hours on Monday, hitting $275.61. The company's stock had a trading volume of 3,129,279 shares, compared to its average volume of 3,244,315. The business's 50-day moving average price is $282.82 and its 200-day moving average price is $281.24. McDonald's Co. has a 12 month low of $245.73 and a 12 month high of $302.39. The stock has a market cap of $198.72 billion, a price-to-earnings ratio of 23.82, a P/E/G ratio of 2.99 and a beta of 0.71.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $6.41 billion for the quarter, compared to analysts' expectations of $6.45 billion. During the same quarter in the previous year, the business posted $2.59 earnings per share. McDonald's's quarterly revenue was up 8.1% on a year-over-year basis. On average, analysts forecast that McDonald's Co. will post 12.33 earnings per share for the current year.

McDonald's Announces Dividend

The company also recently disclosed 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 2.42%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald's's dividend payout ratio (DPR) is 57.74%.

About McDonald's

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.

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