TPG Advisors LLC Takes Position in McDonald’s Co. (NYSE:MCD)

TPG Advisors LLC purchased a new position in McDonald’s Co. (NYSE:MCD) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,227 shares of the fast-food giant’s stock, valued at approximately $313,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Concentric Wealth Management LLC boosted its stake in shares of McDonald’s by 1.4% during the fourth quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock valued at $756,000 after purchasing an additional 35 shares during the period. FinTrust Capital Advisors LLC raised its stake in shares of McDonald’s by 2.9% during the fourth quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant’s stock valued at $376,000 after acquiring an additional 36 shares in the last quarter. 9258 Wealth Management LLC boosted its holdings in shares of McDonald’s by 1.3% in the first quarter. 9258 Wealth Management LLC now owns 2,833 shares of the fast-food giant’s stock valued at $799,000 after purchasing an additional 37 shares during the period. Independence Bank of Kentucky grew its stake in McDonald’s by 1.3% in the first quarter. Independence Bank of Kentucky now owns 2,913 shares of the fast-food giant’s stock worth $821,000 after purchasing an additional 38 shares in the last quarter. Finally, MTM Investment Management LLC increased its holdings in McDonald’s by 3.3% during the 1st quarter. MTM Investment Management LLC now owns 1,174 shares of the fast-food giant’s stock worth $331,000 after purchasing an additional 38 shares during the period. 70.29% of the stock is owned by institutional investors.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total transaction of $285,740.00. Following the completion of the transaction, the insider now owns 13,681 shares of the company’s stock, valued at $3,557,060. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total transaction of $285,740.00. Following the completion of the transaction, the insider now owns 13,681 shares of the company’s stock, valued at $3,557,060. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The disclosure for this sale can be found here. Insiders sold 5,193 shares of company stock valued at $1,403,593 in the last ninety days. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group increased their price target on McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Morgan Stanley reduced their price target on shares of McDonald’s from $312.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. Truist Financial cut their price objective on shares of McDonald’s from $300.00 to $295.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Evercore ISI boosted their price target on McDonald’s from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Finally, Bank of America decreased their price objective on McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $306.11.

McDonald’s Price Performance

McDonald’s stock opened at $296.77 on Friday. The stock’s 50 day moving average price is $277.30 and its 200 day moving average price is $270.88. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $302.39. The company has a market cap of $213.88 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 3.88 and a beta of 0.72.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The firm had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same period last year, the firm earned $3.17 EPS. McDonald’s’s revenue was down .1% compared to the same quarter last year. On average, equities research analysts anticipate that McDonald’s Co. will post 11.67 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Tuesday, September 3rd. McDonald’s’s payout ratio is currently 56.71%.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.