McDonald's Corporation $MCD Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System boosted its position in McDonald's Corporation (NYSE:MCD - Free Report) by 27,036.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 302,891,546 shares of the fast-food giant's stock after acquiring an additional 301,775,375 shares during the period. California State Teachers Retirement System owned about 42.80% of McDonald's worth $81,874,614,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. IFC & Insurance Marketing Inc. acquired a new stake in shares of McDonald's during the fourth quarter worth $29,000. Abound Financial LLC acquired a new position in McDonald's in the fourth quarter valued at $30,000. Purpose Unlimited Inc. acquired a new position in McDonald's in the fourth quarter valued at $31,000. Entrust Financial LLC purchased a new position in McDonald's during the fourth quarter worth about $31,000. Finally, GKV Capital Management Co. Inc. purchased a new position in McDonald's during the first quarter worth about $33,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about McDonald's

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

• Positive Sentiment: Valuation may attract contrarian buyers: McDonald’s is trading at roughly 19.15 times earnings, below the restaurant industry’s average multiple. Analysts point to global expansion, digital initiatives and new product efforts as possible catalysts for a recovery. McDonald's Trades at 19.15X P/E: Is This a Discounted Opportunity?
• Positive Sentiment: Promotional activity could support traffic: McDonald’s is bringing back popular menu items, launching a Texas-themed meal with collectible cups and promoting limited-time products. These campaigns may encourage visits and improve near-term sales, though their financial impact is unproven. McDonald's launches exclusive state-themed meal
• Neutral Sentiment: Brand visibility remains high: Coverage of McDonald’s breakfast offerings, Grimace appearances, collectible merchandise and Warren Buffett’s long-standing affinity for the brand reinforces consumer awareness but is unlikely to materially change earnings expectations. The best McDonald’s breakfast sandwich isn’t on the menu
• Negative Sentiment: U.S. consumer weakness is the main concern: Reports describe consumer-focused stocks, including McDonald’s, as signaling softer spending in middle America. Articles also highlight customers shifting to competing fast-food chains, increasing pressure on traffic and comparable sales. Wall Street worried about consumer stocks
• Negative Sentiment: Value positioning remains problematic: Coverage says McDonald’s $3 value offering has not fully delivered for customers or the company, raising concerns about affordability, franchisee economics and the effectiveness of discounting. Why you can't find McDonald's $3 value menu

McDonald's Stock Performance

MCD stock opened at $255.69 on Monday. McDonald's Corporation has a 1 year low of $255.49 and a 1 year high of $341.75. The firm has a market cap of $180.94 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 2.76 and a beta of 0.41. The stock has a 50-day simple moving average of $269.67 and a 200-day simple moving average of $289.12.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 EPS for the quarter, topping the consensus estimate 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%.McDonald's's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.19 EPS. On average, equities research analysts predict that McDonald's Corporation will post 12.87 EPS for the current year.

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Tuesday, September 1st will be given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, September 1st. McDonald's's payout ratio is presently 60.44%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. UBS Group set a $305.00 price target on McDonald's in a research note on Wednesday, August 5th. Piper Sandler set a $286.00 price objective on shares of McDonald's in a report on Tuesday, August 4th. BTIG Research reiterated a "buy" rating and set a $350.00 price objective on shares of McDonald's in a report on Wednesday, August 5th. TD Cowen reissued a "hold" rating on shares of McDonald's in a research report on Tuesday, August 4th. Finally, Evercore set a $320.00 target price on shares of McDonald's in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $321.35.

Insider Buying and Selling at McDonald's

In other news, insider Joseph Erlinger sold 5,252 shares of the company's stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total value of $1,493,248.64. Following the completion of the transaction, the insider directly owned 7,734 shares in the company, valued at approximately $2,198,930.88. This represents a 40.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.26% of the company's stock.

McDonald's Profile

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.

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