McDonald's Co. (NYSE:MCD) Holdings Cut by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 152,375 shares of the fast-food giant's stock after selling 3,784 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in McDonald's were worth $44,172,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Berkeley Capital Partners LLC grew its holdings in McDonald's by 4.2% in the fourth quarter. Berkeley Capital Partners LLC now owns 5,667 shares of the fast-food giant's stock valued at $1,643,000 after purchasing an additional 231 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of McDonald's by 70.4% in the 4th quarter. Teacher Retirement System of Texas now owns 194,797 shares of the fast-food giant's stock valued at $56,470,000 after purchasing an additional 80,467 shares during the last quarter. Strategic Financial Services Inc. grew its stake in shares of McDonald's by 119.6% during the 4th quarter. Strategic Financial Services Inc. now owns 1,790 shares of the fast-food giant's stock valued at $519,000 after buying an additional 975 shares during the period. Royal London Asset Management Ltd. increased its holdings in shares of McDonald's by 0.4% during the 4th quarter. Royal London Asset Management Ltd. now owns 318,805 shares of the fast-food giant's stock worth $92,418,000 after buying an additional 1,316 shares during the last quarter. Finally, Next Capital Management LLC raised its position in shares of McDonald's by 4.1% in the 4th quarter. Next Capital Management LLC now owns 4,472 shares of the fast-food giant's stock worth $1,296,000 after buying an additional 176 shares during the period. Hedge funds and other institutional investors own 70.29% of the company's stock.

Remove Ads

Analyst Ratings Changes

Several equities research analysts have commented on the company. Wedbush upped their price target on McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Robert W. Baird boosted their target price on McDonald's from $305.00 to $310.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Erste Group Bank upgraded shares of McDonald's from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. KeyCorp boosted their price objective on shares of McDonald's from $320.00 to $335.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Finally, TD Securities reissued a "hold" rating and issued a $300.00 target price on shares of McDonald's in a research note on Monday, February 10th. Nine analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, McDonald's currently has an average rating of "Moderate Buy" and an average price target of $323.39.

McDonald's Stock Performance

Shares of McDonald's stock traded up $0.41 during trading on Monday, reaching $305.85. The company had a trading volume of 3,443,389 shares, compared to its average volume of 3,337,257. The company has a market cap of $218.52 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The firm's fifty day moving average is $299.21 and its 200-day moving average is $297.65.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.83. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. On average, research analysts anticipate that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.31%. McDonald's's dividend payout ratio is currently 62.16%.

Insider Buying and Selling

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the transaction, the chief executive officer now directly owns 32,756 shares of the company's stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Manuel Jm Steijaert sold 10,459 shares of McDonald's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $308.71, for a total value of $3,228,797.89. Following the sale, the executive vice president now directly owns 4,606 shares in the company, valued at $1,421,918.26. The trade was a 69.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,405 shares of company stock valued at $9,886,656 in the last quarter. Company insiders own 0.23% 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.