TPG Advisors LLC Purchases Shares of 1,227 McDonald’s Co. (NYSE:MCD)

TPG Advisors LLC purchased a new stake in McDonald’s Co. (NYSE:MCD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,227 shares of the fast-food giant’s stock, valued at approximately $313,000.

Other hedge funds also recently made changes to their positions in the company. Dixon Mitchell Investment Counsel Inc. acquired a new stake in McDonald’s during the 1st quarter worth about $28,000. Clear Investment Research LLC bought a new position in shares of McDonald’s during the 4th quarter worth about $38,000. Kings Path Partners LLC acquired a new stake in shares of McDonald’s in the 2nd quarter valued at about $38,000. Accent Capital Management LLC bought a new stake in McDonald’s in the 4th quarter valued at about $44,000. Finally, Transcendent Capital Group LLC acquired a new position in McDonald’s during the 4th quarter worth approximately $45,000. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at McDonald’s

In other news, EVP Marion K. Gross sold 1,498 shares of the business’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 completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at $387,285.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total value of $285,740.00. Following the sale, the insider now owns 13,681 shares in the company, valued at $3,557,060. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction on Wednesday, July 3rd. The shares were 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 in the company, valued at $387,285.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,193 shares of company stock worth $1,403,593. Insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $296.77 on Friday. The stock’s 50-day moving average is $277.30 and its 200 day moving average 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 P/E/G ratio of 3.88 and a beta of 0.72.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data 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 company had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter last year, the business earned $3.17 earnings per share. The business’s quarterly revenue was down .1% on a year-over-year basis. Analysts expect that McDonald’s Co. will post 11.67 EPS for the current fiscal year.

McDonald’s Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MCD. Wedbush reaffirmed an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a research note on Monday, July 29th. The Goldman Sachs Group assumed coverage on McDonald’s in a research note on Thursday, June 13th. They issued a “neutral” rating and a $288.00 price objective for the company. Deutsche Bank Aktiengesellschaft cut their target price on McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Barclays lowered their price target on McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Finally, Jefferies Financial Group upped their target price on shares of McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Eleven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $306.11.

McDonald’s 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.