McDonald’s Co. (NYSE:MCD) Shares Purchased by TCG Advisory Services LLC

TCG Advisory Services LLC grew its stake in shares of McDonald’s Co. (NYSE:MCD) by 9.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,406 shares of the fast-food giant’s stock after purchasing an additional 3,189 shares during the quarter. TCG Advisory Services LLC’s holdings in McDonald’s were worth $11,388,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Red Cedar Investment Management LLC grew its stake in shares of McDonald’s by 1.8% in the 4th quarter. Red Cedar Investment Management LLC now owns 16,781 shares of the fast-food giant’s stock valued at $4,976,000 after purchasing an additional 291 shares during the last quarter. AJOVista LLC purchased a new position in shares of McDonald’s during the 4th quarter worth approximately $59,000. ARS Wealth Advisors Group LLC boosted its stake in shares of McDonald’s by 0.7% in the fourth quarter. ARS Wealth Advisors Group LLC now owns 7,686 shares of the fast-food giant’s stock valued at $2,279,000 after buying an additional 56 shares in the last quarter. Blue Fin Capital Inc. boosted its position in shares of McDonald’s by 19.6% during the 4th quarter. Blue Fin Capital Inc. now owns 4,536 shares of the fast-food giant’s stock worth $1,345,000 after purchasing an additional 743 shares in the last quarter. Finally, Legacy Financial Advisors Inc. increased its holdings in shares of McDonald’s by 4.7% in the 4th quarter. Legacy Financial Advisors Inc. now owns 4,626 shares of the fast-food giant’s stock valued at $1,372,000 after purchasing an additional 207 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MCD has been the topic of several recent research reports. Morgan Stanley decreased their price objective on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. TD Cowen reaffirmed a “buy” rating and issued a $305.00 price target on shares of McDonald’s in a report on Tuesday, April 30th. Wedbush dropped their price objective on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. BMO Capital Markets reduced their target price on McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, KeyCorp lowered their target price on McDonald’s from $315.00 to $310.00 and set an “overweight” rating on the stock in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $317.74.

McDonald’s Trading Down 1.1 %

NYSE MCD traded down $2.96 during mid-day trading on Friday, reaching $270.32. 2,642,344 shares of the company’s stock traded hands, compared to its average volume of 3,812,742. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39. The company has a fifty day simple moving average of $279.53 and a 200-day simple moving average of $282.35. The company has a market cap of $194.90 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 2.91 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. McDonald’s’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.63 EPS. Equities research analysts forecast that McDonald’s Co. will post 12.18 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio is presently 56.71%.

About McDonald’s

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.