Teachers Retirement System of The State of Kentucky Raises Holdings in McDonald's Corporation (NYSE:MCD)

Teachers Retirement System of The State of Kentucky boosted its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 5.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 84,709 shares of the fast-food giant's stock after buying an additional 4,180 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in McDonald's were worth $26,461,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of MCD. Granite Bay Wealth Management LLC increased its stake 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 worth $309,000 after acquiring an additional 33 shares during the last quarter. CVA Family Office LLC raised its stake in McDonald's by 1.9% during the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock valued at $560,000 after purchasing an additional 33 shares in the last quarter. Consilium Wealth Advisory LLC lifted its position in McDonald's by 2.5% during the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock valued at $417,000 after purchasing an additional 33 shares during the last quarter. Northeast Financial Consultants Inc grew its stake in shares of McDonald's by 0.5% in the 4th quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock worth $2,170,000 after buying an additional 34 shares in the last quarter. Finally, Tealwood Asset Management Inc. increased its holdings in shares of McDonald's by 0.4% in the 1st quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant's stock worth $2,535,000 after buying an additional 34 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the sale, the chief marketing officer owned 8,858 shares of the company's stock, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $270,920.28. Following the sale, the insider owned 10,222 shares of the company's stock, valued at $2,949,251.44. This trade represents a 8.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,817 shares of company stock valued at $1,165,843 in the last three months. 0.25% of the stock is currently owned by insiders.

McDonald's Trading Up 0.8%

Shares of MCD traded up $2.24 during midday trading on Tuesday, reaching $297.98. 1,423,201 shares of the stock were exchanged, compared to its average volume of 3,518,354. The company has a market capitalization of $213.06 billion, a P/E ratio of 26.29, a PEG ratio of 3.07 and a beta of 0.53. McDonald's Corporation has a 52 week low of $246.12 and a 52 week high of $326.32. The company's 50 day moving average is $302.50 and its two-hundred day moving average is $302.88.

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

McDonald's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald's's payout ratio is 62.49%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MCD. KeyCorp lowered their price target on shares of McDonald's from $340.00 to $325.00 and set an "overweight" rating for the company in a report on Monday, June 30th. Melius started coverage on McDonald's in a research note on Monday, July 14th. They issued a "sell" rating and a $250.00 price objective for the company. Bank of America dropped their target price on McDonald's from $327.00 to $322.00 and set a "neutral" rating for the company in a report on Friday. Piper Sandler increased their price target on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, BTIG Research restated a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, McDonald's has an average rating of "Hold" and an average price target of $319.72.

About McDonald's

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.