New York State Teachers Retirement System Has $164.81 Million Stock Holdings in McDonald's Corporation $MCD

Key Points

• The New York State Teachers Retirement System increased its stake in McDonald's Corporation by 0.3% during the second quarter, now owning approximately 564,097 shares valued at $164.81 million.
• McDonald's reported a quarterly EPS of $3.19, surpassing analysts' expectations, alongside a revenue of $6.84 billion, reflecting a 5.4% increase from the previous year.
• The company recently declared a quarterly dividend of $1.77 per share, with an annualized dividend yield of 2.3% and a payout ratio of 60.67%.

New York State Teachers Retirement System increased its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 564,097 shares of the fast-food giant's stock after acquiring an additional 1,827 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of McDonald's worth $164,812,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. First American Trust FSB lifted its stake in shares of McDonald's by 55.9% during the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant's stock valued at $11,532,000 after acquiring an additional 13,234 shares during the period. Banque Transatlantique SA increased its holdings in McDonald's by 58.0% in the first quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant's stock valued at $71,829,000 after purchasing an additional 91,313 shares during the last quarter. Hamilton Capital LLC increased its holdings in McDonald's by 35.2% in the first quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant's stock valued at $982,000 after purchasing an additional 819 shares during the last quarter. Red Door Wealth Management LLC increased its holdings in McDonald's by 1.9% in the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock valued at $1,788,000 after purchasing an additional 109 shares during the last quarter. Finally, Welch Group LLC increased its holdings in McDonald's by 1.1% in the second quarter. Welch Group LLC now owns 206,004 shares of the fast-food giant's stock valued at $60,188,000 after purchasing an additional 2,180 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Price Performance

NYSE MCD opened at $305.04 on Thursday. The firm has a market cap of $217.68 billion, a P/E ratio of 26.14, a P/E/G ratio of 3.21 and a beta of 0.50. The stock's 50-day moving average is $306.29 and its 200-day moving average is $305.63. McDonald's Corporation has a one year low of $276.53 and a one year high of $326.32.

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

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a dividend of $1.77 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. McDonald's's dividend payout ratio (DPR) is presently 60.67%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Piper Sandler upped their price objective on McDonald's from $314.00 to $325.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Weiss Ratings reiterated a "buy (b)" rating on shares of McDonald's in a report on Wednesday, October 8th. Royal Bank Of Canada assumed coverage on McDonald's in a report on Wednesday, October 8th. They issued a "sector perform" rating and a $320.00 price objective for the company. The Goldman Sachs Group upgraded McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price objective for the company in a report on Thursday, July 10th. Finally, Citigroup raised their price target on McDonald's from $373.00 to $381.00 and gave the stock a "buy" rating in a research report on Wednesday, September 17th. Eleven investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, McDonald's has an average rating of "Hold" and an average target price of $324.73.

Insider Transactions at McDonald's

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the transaction, the executive vice president owned 8,754 shares of the company's stock, valued at approximately $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,402 shares of company stock valued at $1,973,407 in the last ninety days. Corporate insiders own 0.25% of the company's stock.

McDonald's Company 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.

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