268,899 Shares in McDonald's Corporation $MCD Bought by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio bought 268,899 McDonald’s shares during the second quarter, valued at approximately $72.7 million. Institutional investors collectively own 70.29% of the company.
• McDonald’s reported quarterly EPS of $3.38, beating estimates of $3.32, while revenue rose 3.7% year over year to $7.10 billion but fell slightly short of expectations.
• The stock opened at $259.94, near its one-year low, while analysts maintained a consensus “Moderate Buy” rating with an average price target of $322.96. The company also declared a quarterly dividend of $1.86 per share, yielding about 2.9%.

Public Employees Retirement System of Ohio bought a new stake in McDonald's Corporation (NYSE:MCD - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 268,899 shares of the fast-food giant's stock, valued at approximately $72,686,000.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings 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 buying an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in McDonald's by 2.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock worth $563,000 after acquiring an additional 52 shares in the last quarter. Sivia Capital Partners LLC raised its stake in McDonald's by 11.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,017 shares of the fast-food giant's stock worth $589,000 after acquiring an additional 206 shares in the last quarter. United Bank lifted its position in McDonald's by 6.0% in the second quarter. United Bank now owns 8,102 shares of the fast-food giant's stock valued at $2,367,000 after acquiring an additional 459 shares during the last quarter. Finally, Schnieders Capital Management LLC. lifted its position in McDonald's by 2.5% in the second quarter. Schnieders Capital Management LLC. now owns 12,938 shares of the fast-food giant's stock valued at $3,780,000 after acquiring an additional 312 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting McDonald's

Here are the key news stories impacting McDonald's this week:

• Positive Sentiment: A temporary waiver of tariffs on imported beef could reduce input costs for McDonald’s and other restaurant operators, potentially supporting margins. ETFs to Gain as Trump Waives Off Tariffs on Beef Imports Temporarily
• Positive Sentiment: McDonald’s is bringing back Spicy McNuggets after a two-year hiatus, supported by Mighty Hot Sauce and limited-time availability. The promotion could boost traffic, customer engagement and digital-order activity, although its financial effect is likely modest. McDonald's to bring back Spicy McNuggets
• Positive Sentiment: Argus maintained a “buy” rating while reducing its price target to $310 from $320, still implying substantial potential upside based on the referenced price. The target cut, however, signals more cautious expectations. McDonald's price-target update

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 5,252 shares of the business's stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total value of $1,493,248.64. Following the transaction, the insider owned 7,734 shares of the company's stock, valued at approximately $2,198,930.88. The trade was a 40.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.26% of the company's stock.

McDonald's Stock Performance

Shares of NYSE:MCD opened at $259.94 on Friday. The company has a 50-day simple moving average of $270.95 and a 200-day simple moving average of $291.90. McDonald's Corporation has a one year low of $259.85 and a one year high of $341.75. The stock has a market capitalization of $183.94 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 2.99 and a beta of 0.41.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.32 by $0.06. The firm had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.13 billion. McDonald's had a negative return on equity of 572.06% and a net margin of 31.72%.The business's revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company posted $3.19 earnings per share. As a group, research analysts forecast that McDonald's Corporation will post 12.87 EPS for the current fiscal year.

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 1st will be paid a $1.86 dividend. This represents a $7.44 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, September 1st. McDonald's's dividend payout ratio (DPR) is 60.44%.

Analysts Set New Price Targets

Several equities analysts have issued reports on MCD shares. Barclays dropped their price objective on McDonald's from $380.00 to $350.00 and set an "overweight" rating on the stock in a report on Friday, May 8th. Evercore set a $320.00 target price on McDonald's in a report on Thursday, July 23rd. Mizuho dropped their price target on McDonald's from $300.00 to $290.00 and set a "neutral" rating on the stock in a research note on Friday, July 31st. UBS Group set a $305.00 price target on McDonald's in a research report on Wednesday, August 5th. Finally, TD Cowen reiterated a "hold" rating on shares of McDonald's in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $322.96.

About McDonald's

McDonald's Corporation NYSE: MCD is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald's serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand's national and international expansion.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source