Public Employees Retirement System of Ohio Acquires New Position in McDonald’s Corporation $MCD

Public Employees Retirement System of Ohio acquired a new stake in McDonald’s Corporation (NYSE:MCD) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 268,899 shares of the fast-food giant’s stock, valued at approximately $72,686,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State Street Corp grew its holdings in McDonald’s by 2.7% during the fourth quarter. State Street Corp now owns 35,983,997 shares of the fast-food giant’s stock worth $10,997,789,000 after acquiring an additional 959,140 shares during the period. Geode Capital Management LLC lifted its holdings in McDonald’s by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 17,038,519 shares of the fast-food giant’s stock valued at $5,195,965,000 after acquiring an additional 76,090 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in McDonald’s by 3.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,474,749 shares of the fast-food giant’s stock valued at $2,895,768,000 after acquiring an additional 277,617 shares during the period. Norges Bank purchased a new stake in shares of McDonald’s during the 4th quarter worth $2,890,438,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of McDonald’s by 7.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,560,037 shares of the fast-food giant’s stock worth $1,699,314,000 after purchasing an additional 384,762 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Evercore set a $320.00 price target on shares of McDonald’s in a research note on Thursday, July 23rd. Cfra raised shares of McDonald’s to a “buy” rating in a report on Friday, May 8th. Barclays decreased their price objective on shares of McDonald’s from $380.00 to $350.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Freedom Capital raised shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Finally, UBS Group set a $305.00 price target on shares of McDonald’s in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $322.96.

McDonald’s News Summary

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: A temporary waiver of tariffs on imported beef could reduce input costs for McDonald’s and other restaurant operators, potentially supporting margins. ETFs to Gain as Trump Waives Off Tariffs on Beef Imports Temporarily
• Positive Sentiment: McDonald’s is bringing back Spicy McNuggets after a two-year hiatus, supported by Mighty Hot Sauce and limited-time availability. The promotion could boost traffic, customer engagement and digital-order activity, although its financial effect is likely modest. McDonald’s to bring back Spicy McNuggets
• Positive Sentiment: Argus maintained a “buy” rating while reducing its price target to $310 from $320, still implying substantial potential upside based on the referenced price. The target cut, however, signals more cautious expectations. McDonald’s price-target update

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 5,252 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the completion of the transaction, the insider owned 7,734 shares of the company’s stock, valued at approximately $2,198,930.88. This trade represents a 40.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.26% of the company’s stock.

McDonald’s Trading Down 2.6%

Shares of MCD opened at $259.94 on Friday. McDonald’s Corporation has a 12-month low of $259.85 and a 12-month high of $341.75. The stock has a market cap of $183.94 billion, a P/E ratio of 21.12, a PEG ratio of 2.99 and a beta of 0.41. The company has a 50-day moving average of $270.95 and a two-hundred day moving average of $291.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 EPS for the quarter, beating the consensus estimate of $3.32 by $0.06. McDonald’s had a net margin of 31.72% and a negative return on equity of 572.06%. The business had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.13 billion. During the same period in the prior year, the business earned $3.19 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, analysts forecast that McDonald’s Corporation will post 12.87 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Tuesday, September 1st. McDonald’s’s dividend payout ratio is 60.44%.

McDonald’s Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.