McDonald’s Corporation $MCD Shares Bought by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System raised its position in shares of McDonald’s Corporation (NYSE:MCD) by 13.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,717 shares of the fast-food giant’s stock after buying an additional 5,347 shares during the quarter. Maryland State Retirement & Pension System’s holdings in McDonald’s were worth $10,096,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. GKV Capital Management Co. Inc. purchased a new stake in shares of McDonald’s during the 1st quarter worth approximately $33,000. Valued Wealth Advisors LLC grew its holdings in shares of McDonald’s by 121.1% in the third quarter. Valued Wealth Advisors LLC now owns 168 shares of the fast-food giant’s stock valued at $39,000 after purchasing an additional 92 shares in the last quarter. Burkett Financial Services LLC grew its holdings in shares of McDonald’s by 2,312.5% in the third quarter. Burkett Financial Services LLC now owns 193 shares of the fast-food giant’s stock valued at $45,000 after purchasing an additional 185 shares in the last quarter. POM Investment Strategies LLC grew its holdings in shares of McDonald’s by 46.2% in the second quarter. POM Investment Strategies LLC now owns 174 shares of the fast-food giant’s stock valued at $47,000 after purchasing an additional 55 shares in the last quarter. Finally, Westfuller Advisors LLC increased its position in McDonald’s by 140.0% in the second quarter. Westfuller Advisors LLC now owns 180 shares of the fast-food giant’s stock worth $49,000 after purchasing an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Top McDonald’s Stories

Investors following MCD have been watching these stories:

• Positive Sentiment: An analyst upgrade was reported overnight, providing a potential positive signal on the stock, though the headline does not identify the analyst’s rationale or price target. McDonald’s Stock Price Up 1.8% on Analyst Upgrade
• Neutral Sentiment: In Japan, new chicken sandwiches reportedly sold so well that the company pulled them. Strong demand is encouraging, but the item’s unavailability could limit sales until supply catches up. McDonald’s Japan pulls new chicken sandwiches after they sell too well
• Negative Sentiment: A market commentary says Treasury yields near 5% are pressuring valuations across stocks. Higher yields can make dividend-paying shares like MCD less attractive relative to bonds and weigh on valuation multiples. Bonds Are Paying 5% Again

McDonald’s Trading Down 2.4%

MCD opened at $275.30 on Thursday. The firm has a market cap of $194.30 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 3.26 and a beta of 0.42. McDonald’s Corporation has a 12 month low of $229.20 and a 12 month high of $341.75. The stock has a fifty day moving average price of $249.73 and a 200-day moving average price of $282.16.

McDonald’s (NYSE:MCD) last posted its earnings results on Wednesday, November 4th. The fast-food giant reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.19. The company had revenue of $7.16 billion for the quarter, compared to analyst estimates of $7.28 billion. McDonald’s had a negative return on equity of 826.29% and a net margin of 32.38%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.22 earnings per share. On average, equities research analysts forecast that McDonald’s Corporation will post 12.91 EPS for the current year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a $1.93 dividend. This represents a $7.72 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, December 1st. This is an increase from McDonald’s’s previous quarterly dividend of $1.86. McDonald’s’s payout ratio is presently 61.08%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MCD shares. Freedom Capital upgraded McDonald’s from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Mizuho dropped their target price on McDonald’s from $290.00 to $260.00 and set a “neutral” rating for the company in a report on Friday, October 30th. HC Wainwright set a $250.00 target price on McDonald’s in a report on Friday, September 25th. Daiwa Securities Group cut their target price on McDonald’s from $309.00 to $293.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Finally, BTIG Research increased their price target on McDonald’s from $295.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $297.82.

McDonald’s Profile

McDonald’s Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald’s brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald’s mobile app. The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.