New Mexico Educational Retirement Board Has $11.79 Million Holdings in McDonald's Co. (MCD)

New Mexico Educational Retirement Board lowered its position in McDonald's Co. (NYSE:MCD) by 0.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 75,269 shares of the fast-food giant’s stock after selling 500 shares during the period. New Mexico Educational Retirement Board’s holdings in McDonald's were worth $11,793,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of MCD. Horan Capital Advisors LLC. acquired a new position in shares of McDonald's in the third quarter worth about $104,000. Phocas Financial Corp. acquired a new position in shares of McDonald's in the second quarter worth about $107,000. Proficio Capital Partners LLC raised its position in shares of McDonald's by 0.7% in the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after acquiring an additional 5 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of McDonald's by 219.2% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock worth $130,000 after acquiring an additional 570 shares during the period. Finally, Howe & Rusling Inc. raised its position in shares of McDonald's by 75.0% in the third quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock worth $132,000 after acquiring an additional 360 shares during the period. Institutional investors and hedge funds own 67.43% of the company’s stock.

In other news, VP Catherine A. Hoovel sold 1,398 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total value of $238,414.92. Following the completion of the sale, the vice president now owns 1,398 shares of the company’s stock, valued at approximately $238,414.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Stephen Easterbrook sold 171,577 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the completion of the sale, the insider now directly owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The disclosure for this sale can be found here. In the last three months, insiders sold 207,550 shares of company stock valued at $35,118,055. Corporate insiders own 0.24% of the company’s stock.

Shares of McDonald's Co. (NYSE MCD) opened at $157.79 on Friday. McDonald's Co. has a one year low of $126.40 and a one year high of $178.70. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. The firm has a market cap of $125,790.00, a P/E ratio of 24.81, a PEG ratio of 2.34 and a beta of 0.59.

McDonald's (NYSE:MCD) last posted its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.12. McDonald's had a net margin of 22.75% and a negative return on equity of 217.17%. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the prior year, the company posted $1.44 EPS. The business’s revenue for the quarter was down 11.4% on a year-over-year basis. sell-side analysts forecast that McDonald's Co. will post 7.65 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $1.01 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $4.04 annualized dividend and a dividend yield of 2.56%. McDonald's’s dividend payout ratio (DPR) is 63.52%.

A number of analysts have recently commented on MCD shares. Bank of America set a $200.00 target price on shares of McDonald's and gave the stock a “buy” rating in a research note on Monday, January 29th. Nomura reissued a “buy” rating and set a $198.00 target price (up previously from $190.00) on shares of McDonald's in a research note on Tuesday, January 23rd. Credit Suisse Group reissued an “outperform” rating and set a $191.00 target price (up previously from $185.00) on shares of McDonald's in a research note on Tuesday, January 23rd. Zacks Investment Research raised shares of McDonald's from a “hold” rating to a “buy” rating and set a $196.00 target price for the company in a research note on Thursday, January 18th. Finally, Goldman Sachs Group set a $200.00 target price on shares of McDonald's and gave the stock a “buy” rating in a research note on Friday, January 19th. Nine equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $184.95.

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McDonald's 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.

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

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