McDonald’s Co. (NYSE:MCD) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in McDonald’s Co. (NYSE:MCDGet Rating) by 2.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 295,417 shares of the fast-food giant’s stock after selling 8,830 shares during the quarter. Teacher Retirement System of Texas’ holdings in McDonald’s were worth $73,051,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Blue Square Asset Management LLC raised its stake in McDonald’s by 0.8% in the 4th quarter. Blue Square Asset Management LLC now owns 4,743 shares of the fast-food giant’s stock valued at $1,271,000 after purchasing an additional 39 shares during the last quarter. Red Wave Investments LLC raised its stake in McDonald’s by 4.2% in the 4th quarter. Red Wave Investments LLC now owns 984 shares of the fast-food giant’s stock valued at $264,000 after purchasing an additional 40 shares during the last quarter. Jag Capital Management LLC raised its stake in McDonald’s by 1.1% in the 4th quarter. Jag Capital Management LLC now owns 3,600 shares of the fast-food giant’s stock valued at $965,000 after purchasing an additional 40 shares during the last quarter. Wagner Wealth Management LLC increased its stake in shares of McDonald’s by 11.2% in the 4th quarter. Wagner Wealth Management LLC now owns 408 shares of the fast-food giant’s stock worth $109,000 after acquiring an additional 41 shares during the last quarter. Finally, CAPROCK Group Inc. increased its stake in shares of McDonald’s by 0.8% in the 1st quarter. CAPROCK Group Inc. now owns 5,159 shares of the fast-food giant’s stock worth $1,276,000 after acquiring an additional 42 shares during the last quarter. 68.44% of the stock is owned by institutional investors and hedge funds.

McDonald’s Trading Down 0.5 %

Shares of MCD stock opened at $259.23 on Friday. The business’s 50 day moving average is $250.10 and its two-hundred day moving average is $247.83. McDonald’s Co. has a twelve month low of $217.68 and a twelve month high of $271.15. The company has a market capitalization of $191.71 billion, a P/E ratio of 31.92, a price-to-earnings-growth ratio of 3.18 and a beta of 0.56.

McDonald’s (NYSE:MCDGet Rating) last announced its earnings results on Tuesday, July 26th. The fast-food giant reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.08. McDonald’s had a negative return on equity of 135.58% and a net margin of 25.77%. The company had revenue of $5.72 billion for the quarter, compared to the consensus estimate of $5.82 billion. During the same period last year, the business posted $2.37 EPS. The company’s revenue was down 2.9% on a year-over-year basis. As a group, equities analysts predict that McDonald’s Co. will post 9.8 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Thursday, September 1st will be paid a $1.38 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $5.52 annualized dividend and a dividend yield of 2.13%. McDonald’s’s dividend payout ratio (DPR) is currently 67.98%.

Insider Buying and Selling at McDonald’s

In related news, SVP Catherine A. Hoovel sold 2,371 shares of McDonald’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $255.62, for a total value of $606,075.02. Following the sale, the senior vice president now directly owns 1,184 shares in the company, valued at $302,654.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, SVP Catherine A. Hoovel sold 2,371 shares of McDonald’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $255.62, for a total value of $606,075.02. Following the sale, the senior vice president now directly owns 1,184 shares in the company, valued at $302,654.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Enrique Hernandez, Jr. sold 4,500 shares of McDonald’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $264.02, for a total value of $1,188,090.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,191 shares of company stock worth $5,250,365. 0.25% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MCD shares. JPMorgan Chase & Co. raised their target price on McDonald’s from $260.00 to $275.00 in a research note on Tuesday, May 3rd. Robert W. Baird set a $285.00 target price on McDonald’s in a research note on Tuesday, July 19th. KeyCorp increased their price target on McDonald’s from $285.00 to $290.00 and gave the stock an “overweight” rating in a report on Wednesday, July 27th. Guggenheim increased their price target on McDonald’s to $290.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Finally, Morgan Stanley lowered their target price on McDonald’s from $287.00 to $285.00 and set an “overweight” rating for the company in a report on Monday, July 18th. Seven analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $284.19.

McDonald’s Profile

(Get Rating)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

Further Reading

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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