Teacher Retirement System of Texas Grows Holdings in McDonald's Corporation (NYSE:MCD)

Teacher Retirement System of Texas lifted its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 5.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 204,824 shares of the fast-food giant's stock after buying an additional 10,027 shares during the quarter. Teacher Retirement System of Texas' holdings in McDonald's were worth $63,981,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Granite Bay Wealth Management LLC raised its holdings in McDonald's by 3.5% in the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock valued at $309,000 after acquiring an additional 33 shares during the last quarter. CVA Family Office LLC grew its holdings in McDonald's by 1.9% during the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after acquiring an additional 33 shares in the last quarter. Consilium Wealth Advisory LLC boosted its holdings in McDonald's by 2.5% in the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock worth $417,000 after purchasing an additional 33 shares during the period. Northeast Financial Consultants Inc boosted its stake in McDonald's by 0.5% in the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock valued at $2,170,000 after acquiring an additional 34 shares during the period. Finally, Tealwood Asset Management Inc. boosted its holdings in shares of McDonald's by 0.4% during the first quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant's stock valued at $2,535,000 after acquiring an additional 34 shares during the period. Institutional investors own 70.29% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays raised their price objective on McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Loop Capital lowered McDonald's from a "buy" rating to a "hold" rating and cut their price target for the stock from $346.00 to $315.00 in a report on Friday, June 6th. TD Securities restated a "hold" rating and issued a $305.00 price objective on shares of McDonald's in a research note on Thursday, June 5th. KeyCorp dropped their price objective on shares of McDonald's from $340.00 to $325.00 and set an "overweight" rating for the company in a report on Monday. Finally, Northcoast Research lowered shares of McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $321.17.

Insider Buying and Selling

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the transaction, the insider directly owned 10,222 shares in the company, valued at $2,949,251.44. This represents a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 2,817 shares of company stock valued at $865,843 over the last 90 days. Corporate insiders own 0.25% of the company's stock.

McDonald's Stock Performance

NYSE MCD traded down $0.83 during trading on Thursday, hitting $293.80. The stock had a trading volume of 1,678,645 shares, compared to its average volume of 3,536,052. The stock has a 50 day simple moving average of $307.01 and a 200 day simple moving average of $302.40. The stock has a market capitalization of $210.08 billion, a price-to-earnings ratio of 25.93, a P/E/G ratio of 3.08 and a beta of 0.53. McDonald's Corporation has a one year low of $243.53 and a one year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The firm's revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.70 EPS. On average, sell-side analysts predict that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $1.77 dividend. The ex-dividend date was Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.41%. McDonald's's payout ratio is 62.49%.

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.