Employees Retirement System of Texas Purchases 44,000 Shares of McDonald's Co. (MCD)

Employees Retirement System of Texas boosted its position in shares of McDonald's Co. (NYSE:MCD) by 31.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 183,000 shares of the fast-food giant’s stock after buying an additional 44,000 shares during the period. Employees Retirement System of Texas’ holdings in McDonald's Co. were worth $22,275,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Aviance Capital Management LLC boosted its stake in McDonald's Co. by 11.1% in the third quarter. Aviance Capital Management LLC now owns 224,022 shares of the fast-food giant’s stock worth $25,843,000 after buying an additional 22,358 shares in the last quarter. Franklin Street Advisors Inc. NC boosted its stake in McDonald's Co. by 16.1% in the third quarter. Franklin Street Advisors Inc. NC now owns 47,634 shares of the fast-food giant’s stock worth $5,495,000 after buying an additional 6,606 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in McDonald's Co. by 1.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 23,925,310 shares of the fast-food giant’s stock worth $2,760,024,000 after buying an additional 260,354 shares in the last quarter. Douglass Winthrop Advisors LLC boosted its stake in McDonald's Co. by 1.6% in the third quarter. Douglass Winthrop Advisors LLC now owns 50,037 shares of the fast-food giant’s stock worth $5,772,000 after buying an additional 800 shares in the last quarter. Finally, PGGM Investments boosted its stake in McDonald's Co. by 4.7% in the third quarter. PGGM Investments now owns 791,203 shares of the fast-food giant’s stock worth $91,273,000 after buying an additional 35,468 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Institutional Ownership by Quarter for McDonald's Co. (NYSE:MCD)

Shares of McDonald's Co. (NYSE:MCD) opened at 128.78 on Tuesday. McDonald's Co. has a 12-month low of $110.33 and a 12-month high of $131.96. The company has a market cap of $105.47 billion, a P/E ratio of 23.67 and a beta of 0.69. The company has a 50-day moving average price of $126.50 and a 200-day moving average price of $119.87.

McDonald's Co. (NYSE:MCD) last posted its quarterly earnings data on Monday, January 23rd. The fast-food giant reported $1.44 EPS for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.03. McDonald's Co. had a return on equity of 514.39% and a net margin of 18.93%. The firm had revenue of $6.03 billion for the quarter, compared to analyst estimates of $5.99 billion. During the same quarter last year, the company earned $1.31 EPS. The company’s revenue was down 4.9% on a year-over-year basis. On average, analysts predict that McDonald's Co. will post $6.15 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st were paid a $0.94 dividend. The ex-dividend date of this dividend was Monday, February 27th. This represents a $3.76 annualized dividend and a dividend yield of 2.92%. McDonald's Co.’s payout ratio is 69.37%.

var userip;Your IP Address: document.write(userip);

A number of analysts have recently issued reports on MCD shares. Credit Suisse Group AG restated an “outperform” rating and set a $128.00 price objective on shares of McDonald's Co. in a research report on Tuesday, November 29th. Barclays PLC set a $139.00 price objective on McDonald's Co. and gave the company a “buy” rating in a research report on Friday, January 6th. Vetr cut McDonald's Co. from a “hold” rating to a “sell” rating and set a $116.22 price target on the stock. in a research report on Monday, January 9th. Stifel Nicolaus set a $120.00 price target on McDonald's Co. and gave the company a “neutral” rating in a research report on Thursday, February 2nd. Finally, Instinet lowered their price target on McDonald's Co. from $139.00 to $137.00 and set a “buy” rating on the stock in a research report on Wednesday, January 4th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $128.60.

McDonald's Co. Company Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality 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.

5 Day Chart for NYSE:MCD

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald's Co. (NYSE:MCD).

Receive News & Ratings for McDonald's Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's Co. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.