New York State Teachers Retirement System Lowers Stock Holdings in McDonald’s Co. (NYSE:MCD)

New York State Teachers Retirement System lowered its holdings in McDonald’s Co. (NYSE:MCD) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 579,601 shares of the fast-food giant’s stock after selling 28,390 shares during the period. New York State Teachers Retirement System owned 0.08% of McDonald’s worth $168,021,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in McDonald’s during the third quarter valued at about $25,000. Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald’s during the fourth quarter valued at about $27,000. Collier Financial purchased a new stake in McDonald’s during the fourth quarter valued at about $29,000. RPg Family Wealth Advisory LLC purchased a new stake in McDonald’s during the third quarter valued at about $31,000. Finally, Hara Capital LLC purchased a new stake in McDonald’s during the third quarter valued at about $44,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the transaction, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,906 shares of company stock valued at $5,406,382 in the last three months. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MCD shares. Barclays upped their target price on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday. Wells Fargo & Company upped their target price on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Bank of America upped their target price on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research report on Tuesday. Truist Financial decreased their target price on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Loop Capital reaffirmed a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research report on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Trading Up 0.8 %

NYSE:MCD opened at $309.99 on Friday. The firm has a market capitalization of $222.15 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74. The stock has a 50 day moving average of $291.58 and a 200-day moving average of $292.08. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. As a group, analysts predict that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

McDonald’s 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, Russia, Spain, and the U.K.