McDonald’s Corporation (MCD) Stake Lessened by Texas Permanent School Fund

Texas Permanent School Fund cut its stake in McDonald’s Corporation (NYSE:MCD) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,011 shares of the fast-food giant’s stock after selling 10,284 shares during the period. Texas Permanent School Fund’s holdings in McDonald’s Corporation were worth $35,075,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Orrstown Financial Services Inc. boosted its holdings in McDonald’s Corporation by 17.2% during the second quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock worth $108,000 after buying an additional 104 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in McDonald’s Corporation by 87.8% during the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after buying an additional 346 shares in the last quarter. Vigilant Capital Management LLC boosted its holdings in McDonald’s Corporation by 9.4% during the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock worth $127,000 after buying an additional 84 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in McDonald’s Corporation during the first quarter worth approximately $146,000. Finally, Acrospire Investment Management LLC bought a new stake in McDonald’s Corporation during the second quarter worth approximately $153,000. Institutional investors and hedge funds own 67.92% of the company’s stock.

In other McDonald’s Corporation news, EVP David Ogden Fairhurst sold 4,782 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $157.05, for a total transaction of $751,013.10. Following the completion of the transaction, the executive vice president now owns 6,954 shares in the company, valued at approximately $1,092,125.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Douglas M. Goare sold 17,286 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total transaction of $2,739,831.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,938 shares of company stock valued at $11,033,009. Company insiders own 0.24% of the company’s stock.

A number of brokerages recently weighed in on MCD. Robert W. Baird restated a “buy” rating and set a $170.00 target price on shares of McDonald’s Corporation in a report on Friday, September 1st. Royal Bank Of Canada restated a “buy” rating and set a $175.00 target price on shares of McDonald’s Corporation in a report on Friday, September 8th. Canaccord Genuity restated a “hold” rating and set a $170.00 target price on shares of McDonald’s Corporation in a report on Friday, October 6th. UBS AG set a $160.00 target price on shares of McDonald’s Corporation and gave the stock a “neutral” rating in a report on Wednesday, July 26th. Finally, Barclays PLC restated an “overweight” rating and set a $173.00 target price (up from $164.00) on shares of McDonald’s Corporation in a report on Wednesday, July 26th. Ten research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $166.41.

Shares of McDonald’s Corporation (NYSE:MCD) opened at 163.15 on Thursday. The company’s 50 day moving average is $158.38 and its 200-day moving average is $150.35. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $163.24. The company has a market capitalization of $132.15 billion, a P/E ratio of 26.71 and a beta of 0.69.

McDonald’s Corporation (NYSE:MCD) last issued its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.08. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the business earned $1.45 EPS. On average, equities research analysts forecast that McDonald’s Corporation will post $6.56 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $1.01 per share. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, November 30th. This represents a $4.04 annualized dividend and a yield of 2.48%. McDonald’s Corporation’s dividend payout ratio (DPR) is presently 61.54%.

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McDonald’s Corporation Company Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

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Institutional Ownership by Quarter for McDonald`s Corporation (NYSE:MCD)

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