Interchange Capital Partners LLC Takes Position in McDonald’s Co. (NYSE:MCD)

Interchange Capital Partners LLC purchased a new stake in McDonald’s Co. (NYSE:MCD) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,129 shares of the fast-food giant’s stock, valued at approximately $288,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MCD. Aigen Investment Management LP purchased a new stake in McDonald’s during the 4th quarter worth approximately $4,286,000. Strait & Sound Wealth Management LLC acquired a new position in McDonald’s during the 4th quarter worth approximately $211,000. Hantz Financial Services Inc. acquired a new position in McDonald’s during the 2nd quarter worth approximately $6,612,000. Vestor Capital LLC grew its holdings in McDonald’s by 40.4% during the 4th quarter. Vestor Capital LLC now owns 74,427 shares of the fast-food giant’s stock worth $22,068,000 after acquiring an additional 21,413 shares in the last quarter. Finally, California State Teachers Retirement System grew its holdings in McDonald’s by 1.4% during the 4th quarter. California State Teachers Retirement System now owns 1,180,928 shares of the fast-food giant’s stock worth $350,157,000 after acquiring an additional 15,863 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on MCD. Barclays lowered their price target on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Wedbush restated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a report on Monday, July 29th. JPMorgan Chase & Co. lowered their target price on shares of McDonald’s from $290.00 to $270.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. The Goldman Sachs Group began coverage on shares of McDonald’s in a report on Thursday, June 13th. They issued a “neutral” rating and a $288.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Eleven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $303.71.

Insiders Place Their Bets

In other news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were 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 approximately $387,285.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the transaction, the insider now owns 12,583 shares in the company, valued at approximately $3,632,712.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,793 shares of company stock worth $1,260,106. 0.23% of the stock is owned by insiders.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $288.66 on Monday. The company has a market cap of $207.07 billion, a P/E ratio of 24.50, a PEG ratio of 3.86 and a beta of 0.71. McDonald’s Co. has a one year low of $243.53 and a one year high of $302.39. The firm has a fifty day moving average of $265.62 and a two-hundred day moving average of $270.76.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The firm had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.17 EPS. As a group, equities analysts predict that McDonald’s Co. will post 11.67 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $1.67 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.31%. 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.