Teachers Retirement System of The State of Kentucky Has $26.46 Million Stake in McDonald's Corporation (NYSE:MCD)

Teachers Retirement System of The State of Kentucky increased its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 5.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Red Door Wealth Management LLC grew its stake in shares of 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 worth $1,788,000 after purchasing an additional 109 shares in the last quarter. Aviva PLC lifted its holdings in shares of McDonald's by 5.6% in the fourth quarter. Aviva PLC now owns 432,406 shares of the fast-food giant's stock valued at $125,350,000 after buying an additional 23,024 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of McDonald's by 5.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock valued at $107,867,000 after buying an additional 18,393 shares during the period. Sagespring Wealth Partners LLC lifted its holdings in shares of McDonald's by 22.9% in the first quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant's stock valued at $5,381,000 after buying an additional 3,212 shares during the period. Finally, Segment Wealth Management LLC lifted its holdings in shares of McDonald's by 1.7% in the first quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant's stock valued at $17,078,000 after buying an additional 937 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 939 shares of McDonald'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 completion of the sale, the insider directly owned 10,222 shares of the company's stock, valued at $2,949,251.44. The trade was a 8.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the transaction, the chief marketing officer owned 8,858 shares in the company, valued at approximately $2,657,400. This represents a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,878 shares of company stock valued at $866,771. 0.25% of the stock is owned by insiders.

McDonald's Trading Down 0.5%

NYSE:MCD traded down $1.47 during mid-day trading on Wednesday, hitting $297.71. 846,384 shares of the company's stock traded hands, compared to its average volume of 3,515,412. The firm has a 50 day moving average of $302.50 and a two-hundred day moving average of $302.88. McDonald's Corporation has a 12 month low of $246.12 and a 12 month high of $326.32. The firm has a market capitalization of $212.87 billion, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 3.10 and a beta of 0.53.

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

McDonald's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.38%. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MCD. Erste Group Bank downgraded McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Argus downgraded McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Piper Sandler upped their target price on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. BMO Capital Markets reaffirmed an "outperform" rating and set a $345.00 target price (up from $340.00) on shares of McDonald's in a report on Monday, May 5th. Finally, Redburn Atlantic reissued a "sell" rating and set a $260.00 price target (down from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $322.00.

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.