McDonald’s Corporation $MCD Shares Purchased by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC increased its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 17.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,139 shares of the fast-food giant’s stock after buying an additional 9,455 shares during the period. McDonald’s comprises 0.9% of Turtle Creek Wealth Advisors LLC’s investment portfolio, making the stock its 27th largest holding. Turtle Creek Wealth Advisors LLC’s holdings in McDonald’s were worth $17,066,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MCD. Your Advocates Ltd. LLP acquired a new position in shares of McDonald’s in the fourth quarter worth $27,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of McDonald’s in the fourth quarter valued at $29,000. Abound Financial LLC purchased a new position in McDonald’s in the fourth quarter valued at $30,000. DecisionPoint Financial LLC grew its stake in McDonald’s by 1,616.7% during the 4th quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock worth $31,000 after purchasing an additional 97 shares in the last quarter. Finally, Entrust Financial LLC acquired a new position in McDonald’s during the 4th quarter worth $31,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Price Performance

McDonald’s stock opened at $272.28 on Friday. McDonald’s Corporation has a 1-year low of $260.96 and a 1-year high of $341.75. The stock has a market cap of $192.68 billion, a PE ratio of 22.12, a P/E/G ratio of 3.09 and a beta of 0.41. The stock’s fifty day moving average is $273.95 and its two-hundred day moving average is $295.44.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.06. The company had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $7.13 billion. McDonald’s had a negative return on equity of 512.80% and a net margin of 31.72%.McDonald’s’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.19 EPS. On average, research analysts expect that McDonald’s Corporation will post 12.88 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Tuesday, September 1st will be paid a dividend of $1.86 per share. The ex-dividend date is Tuesday, September 1st. This represents a $7.44 annualized dividend and a yield of 2.7%. McDonald’s’s payout ratio is presently 60.44%.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 5,252 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the sale, the insider owned 7,734 shares of the company’s stock, valued at approximately $2,198,930.88. This trade represents a 40.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $278.36, for a total transaction of $769,108.68. Following the sale, the executive vice president owned 6,268 shares of the company’s stock, valued at $1,744,760.48. This represents a 30.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,348 shares of company stock valued at $2,355,634 over the last ninety days. 0.26% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MCD. JPMorgan Chase & Co. reduced their price target on McDonald’s from $325.00 to $305.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Royal Bank Of Canada lowered their price objective on McDonald’s from $305.00 to $295.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 5th. Sanford C. Bernstein restated a “market perform” rating and set a $295.00 target price on shares of McDonald’s in a research note on Wednesday, August 5th. Freedom Capital raised shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Finally, Morgan Stanley decreased their price target on shares of McDonald’s from $322.00 to $319.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus price target of $325.44.

Key Stories Impacting McDonald’s

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: Nationwide menu initiatives, including new energy-focused beverages, seven menu additions, and the limited-time Hello Kitty and Godzilla Happy Meal promotion, could support traffic, customer engagement, and comparable-sales growth. McDonald’s serving up new kind of energy boost on menus nationwide
• Positive Sentiment: Some analysts see potential upside toward the mid-$300s if McDonald’s improves U.S. same-store sales and executes its McDonald’s NEXT strategy effectively. The company also continues to benefit from its large franchise and real-estate platform. McDonald’s stock gets fair value trim as analysts split on U.S. execution

McDonald’s Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.