McDonald’s Corporation $MCD Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in McDonald’s Corporation (NYSE:MCD) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,882 shares of the fast-food giant’s stock after purchasing an additional 4,058 shares during the period. Teacher Retirement System of Texas’ holdings in McDonald’s were worth $61,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. HFM Investment Advisors LLC acquired a new stake in McDonald’s in the 1st quarter valued at about $26,000. Nova Wealth Management Inc. acquired a new stake in McDonald’s in the 1st quarter valued at about $26,000. GFG Capital LLC acquired a new stake in McDonald’s in the 2nd quarter valued at about $29,000. Abound Financial LLC purchased a new position in shares of McDonald’s in the 1st quarter valued at about $30,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of McDonald’s in the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the transaction, the chief marketing officer directly owned 6,858 shares in the company, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the transaction, the executive vice president owned 99 shares in the company, valued at $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,463 shares of company stock worth $1,692,186 in the last quarter. 0.25% of the stock is owned by insiders.

Analyst Ratings Changes

MCD has been the topic of a number of recent analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $325.00 price objective on shares of McDonald’s in a report on Wednesday. Guggenheim dropped their price objective on McDonald’s from $310.00 to $295.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Truist Financial dropped their price objective on McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. KeyCorp reiterated an “overweight” rating and issued a $335.00 price objective on shares of McDonald’s in a report on Monday, October 20th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of McDonald’s in a report on Wednesday, October 8th. Eleven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, McDonald’s currently has a consensus rating of “Hold” and a consensus price target of $324.50.

McDonald’s Stock Down 0.3%

NYSE:MCD opened at $306.05 on Monday. The stock’s 50 day moving average price is $306.49 and its 200 day moving average price is $305.67. The company has a market capitalization of $218.39 billion, a PE ratio of 26.23, a P/E/G ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.04. The firm had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.97 EPS. As a group, sell-side analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $1.86 per share. The ex-dividend date is Monday, December 1st. This represents a $7.44 dividend on an annualized basis and a yield of 2.4%. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio (DPR) is 60.67%.

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.