Public Employees Retirement Association of Colorado decreased its position in McDonald’s Corporation (NYSE:MCD) by 6.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 154,949 shares of the fast-food giant’s stock after selling 10,248 shares during the period. Public Employees Retirement Association of Colorado’s holdings in McDonald’s Corporation were worth $20,083,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vigilant Capital Management LLC increased its stake in McDonald’s Corporation by 9.4% in the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock valued at $127,000 after buying an additional 84 shares during the last quarter. Zions Bancorporation increased its stake in shares of McDonald’s Corporation by 0.6% in the fourth quarter. Zions Bancorporation now owns 1,069 shares of the fast-food giant’s stock worth $130,000 after buying an additional 6 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of McDonald’s Corporation during the fourth quarter worth about $131,000. D Orazio & Associates Inc. increased its stake in shares of McDonald’s Corporation by 0.7% in the fourth quarter. D Orazio & Associates Inc. now owns 1,090 shares of the fast-food giant’s stock worth $133,000 after buying an additional 8 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC purchased a new stake in shares of McDonald’s Corporation during the first quarter worth about $146,000. Institutional investors and hedge funds own 68.20% of the company’s stock.
Shares of McDonald’s Corporation (NYSE:MCD) traded down 0.03% during mid-day trading on Monday, hitting $157.26. 2,809,051 shares of the stock were exchanged. McDonald’s Corporation has a 52-week low of $110.33 and a 52-week high of $159.98. The stock has a 50-day moving average price of $154.92 and a 200 day moving average price of $141.15. The firm has a market cap of $127.38 billion, a price-to-earnings ratio of 25.74 and a beta of 0.70.
McDonald’s Corporation (NYSE:MCD) last posted its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, topping the consensus estimate of $1.62 by $0.08. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.96 billion. During the same quarter in the previous year, the firm earned $1.45 EPS. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, equities research analysts expect that McDonald’s Corporation will post $6.55 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Wednesday, August 30th. McDonald’s Corporation’s payout ratio is 61.54%.
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A number of equities research analysts have issued reports on MCD shares. Royal Bank Of Canada set a $170.00 price objective on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research upgraded shares of McDonald’s Corporation from a “hold” rating to a “buy” rating and set a $172.00 target price on the stock in a research note on Tuesday, June 27th. Deutsche Bank AG boosted their target price on shares of McDonald’s Corporation from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 10th. Vetr upgraded shares of McDonald’s Corporation from a “sell” rating to a “buy” rating and set a $145.38 target price on the stock in a research note on Tuesday, April 18th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $157.00 target price (up from $137.00) on shares of McDonald’s Corporation in a research note on Saturday, April 29th. Thirteen research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $162.16.
In other news, CFO Kevin M. Ozan sold 25,322 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the completion of the transaction, the chief financial officer now directly owns 24,039 shares of the company’s stock, valued at $3,810,181.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 10,793 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $154.44, for a total value of $1,666,870.92. Following the transaction, the insider now directly owns 7,318 shares of the company’s stock, valued at $1,130,191.92. The disclosure for this sale can be found here. Insiders have sold a total of 65,156 shares of company stock valued at $10,281,996 over the last three months. Corporate insiders own 0.24% of the company’s stock.
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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