Frazier Financial Advisors LLC Buys 106 Shares of McDonald’s Corporation $MCD
by Jessica Moore · The Cerbat GemFrazier Financial Advisors LLC lifted its stake in shares of McDonald’s Corporation (NYSE:MCD – Free Report) by 17.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 710 shares of the fast-food giant’s stock after acquiring an additional 106 shares during the period. Frazier Financial Advisors LLC’s holdings in McDonald’s were worth $207,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. First American Trust FSB increased its position in shares of McDonald’s by 55.9% during the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant’s stock worth $11,532,000 after acquiring an additional 13,234 shares in the last quarter. Banque Transatlantique SA grew its position in McDonald’s by 58.0% in the first quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant’s stock valued at $71,829,000 after purchasing an additional 91,313 shares in the last quarter. Hamilton Capital LLC grew its position in McDonald’s by 35.2% in the first quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant’s stock valued at $982,000 after purchasing an additional 819 shares in the last quarter. Red Door Wealth Management LLC grew its position in McDonald’s by 1.9% in the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant’s stock valued at $1,788,000 after purchasing an additional 109 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in McDonald’s by 5.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant’s stock valued at $107,867,000 after purchasing an additional 18,393 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on MCD. Truist Financial raised their target price on shares of McDonald’s from $356.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Stifel Nicolaus increased their price target on shares of McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a research note on Friday, August 22nd. Evercore ISI increased their price target on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Bank of America cut their price target on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a research note on Friday, July 18th. Finally, Guggenheim cut their price target on shares of McDonald’s from $310.00 to $295.00 and set a “neutral” rating for the company in a research note on Friday. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $325.18.
Check Out Our Latest Stock Analysis on McDonald’s
McDonald’s Stock Performance
NYSE:MCD opened at $300.10 on Tuesday. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The firm has a market cap of $214.15 billion, a price-to-earnings ratio of 25.72, a P/E/G ratio of 3.12 and a beta of 0.50. The firm’s 50-day simple moving average is $306.23 and its 200 day simple moving average is $305.64.
McDonald’s (NYSE:MCD – Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.04. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same period last year, the firm earned $2.97 earnings per share. McDonald’s’s revenue for the quarter was up 5.4% compared to the same quarter last year. Sell-side analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current year.
McDonald’s Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald’s’s dividend payout ratio (DPR) is currently 60.67%.
Insider Buying and Selling at McDonald’s
In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total value of $770,970.00. Following the transaction, the executive vice president directly owned 8,754 shares of the company’s stock, valued at $2,713,740. This trade represents a 22.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the sale, the executive vice president directly owned 99 shares of the company’s stock, valued at approximately $30,690. This trade represents a 90.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,402 shares of company stock valued at $1,973,407 in the last three months. 0.25% of the stock is owned by insiders.
About McDonald’s
McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.
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