Texas Permanent School Fund decreased its position in McDonald’s Corporation (NYSE:MCD) by 3.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 239,295 shares of the fast-food giant’s stock after selling 9,475 shares during the period. Texas Permanent School Fund’s holdings in McDonald’s Corporation were worth $31,015,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the company. Swiss National Bank increased its position in shares of McDonald’s Corporation by 18.0% in the first quarter. Swiss National Bank now owns 3,653,548 shares of the fast-food giant’s stock worth $473,536,000 after buying an additional 558,300 shares during the period. Karp Capital Management Corp purchased a new position in shares of McDonald’s Corporation during the first quarter worth approximately $66,583,000. Canada Pension Plan Investment Board increased its position in shares of McDonald’s Corporation by 136.5% in the first quarter. Canada Pension Plan Investment Board now owns 444,937 shares of the fast-food giant’s stock worth $57,668,000 after buying an additional 256,785 shares during the period. ING Groep NV increased its position in shares of McDonald’s Corporation by 51.5% in the first quarter. ING Groep NV now owns 387,278 shares of the fast-food giant’s stock worth $50,195,000 after buying an additional 131,707 shares during the period. Finally, Pictet Asset Management Ltd. increased its position in shares of McDonald’s Corporation by 17.8% in the first quarter. Pictet Asset Management Ltd. now owns 601,229 shares of the fast-food giant’s stock worth $77,926,000 after buying an additional 90,948 shares during the period. 67.94% of the stock is currently owned by institutional investors.

Shares of McDonald’s Corporation (NYSE:MCD) traded up 0.066% during trading on Thursday, reaching $159.635. 567,774 shares of the company’s stock were exchanged. The company’s 50-day moving average is $156.16 and its 200 day moving average is $143.15. The stock has a market capitalization of $129.30 billion, a PE ratio of 26.131 and a beta of 0.70. McDonald’s Corporation has a 52 week low of $110.33 and a 52 week high of $159.98. McDonald’s Corporation also was the recipient of some unusual options trading on Tuesday. Investors acquired 24,117 call options on the company. This represents an increase of 418% compared to the average volume of 4,654 call options.

McDonald’s Corporation (NYSE:MCD) last announced its 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. The company had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.96 billion. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.45 earnings per share. On average, analysts forecast that McDonald’s Corporation will post $6.55 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Wednesday, August 30th. McDonald’s Corporation’s payout ratio is presently 61.54%.

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A number of equities analysts have commented on MCD shares. Royal Bank Of Canada set a $170.00 target price on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research raised 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 lifted their target price on shares of McDonald’s Corporation from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Barclays PLC set a $164.00 target price on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $165.00 target price (up from $157.00) on shares of McDonald’s Corporation in a research note on Thursday, June 8th. Twelve equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $162.16.

In other news, insider Douglas M. Goare sold 17,286 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total transaction of $2,739,831.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jerome N. Krulewitch sold 11,755 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $158.38, for a total value of $1,861,756.90. Following the sale, the executive vice president now owns 11,755 shares in the company, valued at approximately $1,861,756.90. The disclosure for this sale can be found here. Insiders have sold 69,938 shares of company stock worth $11,033,009 in the last 90 days. Company 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.

Institutional Ownership by Quarter for McDonald`s Corporation (NYSE:MCD)

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