McDonald's Co. (NYSE:MCD) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its stake in McDonald's Co. (NYSE:MCD - Free Report) by 70.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,797 shares of the fast-food giant's stock after purchasing an additional 80,467 shares during the quarter. Teacher Retirement System of Texas' holdings in McDonald's were worth $56,470,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MCD. Mattern Capital Management LLC boosted its holdings in McDonald's by 2.0% during the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock worth $8,729,000 after acquiring an additional 579 shares during the last quarter. Bell Bank boosted its holdings in McDonald's by 3.0% during the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock worth $3,681,000 after purchasing an additional 371 shares during the last quarter. YANKCOM Partnership bought a new stake in McDonald's in the 4th quarter worth about $1,628,000. Charles Schwab Investment Management Inc. increased its stake in McDonald's by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant's stock valued at $1,694,403,000 after buying an additional 49,106 shares during the last quarter. Finally, Integral Investment Advisors Inc. lifted its position in shares of McDonald's by 2.6% during the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock worth $1,888,000 after buying an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

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McDonald's Price Performance

McDonald's stock traded up $1.34 during trading hours on Tuesday, reaching $307.01. The company had a trading volume of 2,657,031 shares, compared to its average volume of 3,336,565. The company has a 50-day moving average price of $299.21 and a 200 day moving average price of $297.65. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The firm has a market cap of $219.35 billion, a price-to-earnings ratio of 26.95, a P/E/G ratio of 3.10 and a beta of 0.71.

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

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's dividend payout ratio is 62.16%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MCD shares. BMO Capital Markets upped their target price on McDonald's from $335.00 to $340.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. TD Securities restated a "hold" rating and issued a $300.00 price objective on shares of McDonald's in a research note on Monday, February 10th. JPMorgan Chase & Co. lifted their target price on McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Truist Financial cut their price target on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Finally, Robert W. Baird raised their price objective on shares of McDonald's from $305.00 to $310.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $323.39.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 300 shares of McDonald's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the sale, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the sale, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,405 shares of company stock valued at $9,886,656. 0.23% of the stock is owned by insiders.

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.