Teacher Retirement System of Texas Boosts Holdings in McDonald’s Corporation (NYSE:MCD)

Teacher Retirement System of Texas increased its position in shares of McDonald’s Corporation (NYSE:MCD) by 5.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 204,824 shares of the fast-food giant’s stock after purchasing an additional 10,027 shares during the quarter. Teacher Retirement System of Texas’ holdings in McDonald’s were worth $63,981,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its stake in shares of McDonald’s by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after purchasing an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in McDonald’s by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after buying an additional 52 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its stake in McDonald’s by 15.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant’s stock worth $60,722,000 after buying an additional 27,774 shares during the period. GHE LLC boosted its stake in McDonald’s by 0.9% during the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant’s stock worth $4,255,000 after buying an additional 136 shares during the period. Finally, Laffer Tengler Investments Inc. increased its position in shares of McDonald’s by 16.9% during the fourth quarter. Laffer Tengler Investments Inc. now owns 30,032 shares of the fast-food giant’s stock valued at $8,706,000 after acquiring an additional 4,352 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MCD has been the topic of several recent analyst reports. Morgan Stanley restated an “equal weight” rating and issued a $324.00 price objective (down from $329.00) on shares of McDonald’s in a report on Monday, June 9th. Northcoast Research cut McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 6th. Piper Sandler raised their price target on McDonald’s from $292.00 to $314.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Robert W. Baird boosted their price objective on McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Finally, Argus lowered McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $321.17.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the transaction, the insider owned 10,222 shares in the company, valued at $2,949,251.44. This trade represents a 8.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 2,817 shares of company stock valued at $865,843. 0.25% of the stock is currently owned by insiders.

McDonald’s Stock Down 1.0%

MCD stock opened at $294.61 on Thursday. The business has a 50 day moving average price of $307.01 and a 200 day moving average price of $302.40. The stock has a market cap of $210.65 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 3.11 and a beta of 0.53. McDonald’s Corporation has a fifty-two week low of $243.53 and a fifty-two week high of $326.32.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.67. McDonald’s had a net margin of 31.75% and a negative return on equity of 195.27%. The company had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.17 billion. During the same quarter last year, the company earned $2.70 earnings per share. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. As a group, sell-side analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Monday, June 2nd. McDonald’s’s payout ratio is currently 62.49%.

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.