Synergy Asset Management LLC Acquires 1,312 Shares of McDonald’s Corporation $MCD

Synergy Asset Management LLC boosted its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 40.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,573 shares of the fast-food giant’s stock after buying an additional 1,312 shares during the quarter. Synergy Asset Management LLC’s holdings in McDonald’s were worth $1,336,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MCD. Brighton Jones LLC grew its position in McDonald’s by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after buying an additional 1,649 shares during the period. Revolve Wealth Partners LLC lifted its holdings in McDonald’s by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after purchasing an additional 52 shares in the last quarter. Quotient Wealth Partners LLC lifted its holdings in McDonald’s by 10.9% during the first quarter. Quotient Wealth Partners LLC now owns 2,616 shares of the fast-food giant’s stock valued at $817,000 after purchasing an additional 258 shares in the last quarter. Clare Market Investments LLC lifted its holdings in McDonald’s by 14.8% during the first quarter. Clare Market Investments LLC now owns 1,987 shares of the fast-food giant’s stock valued at $621,000 after purchasing an additional 256 shares in the last quarter. Finally, Matrix Trust Co lifted its holdings in McDonald’s by 1.1% during the first quarter. Matrix Trust Co now owns 7,571 shares of the fast-food giant’s stock valued at $2,365,000 after purchasing an additional 86 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MCD has been the topic of several analyst reports. TD Cowen lifted their price target on shares of McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a report on Wednesday, August 6th. TD Securities reaffirmed a “hold” rating and set a $305.00 price target on shares of McDonald’s in a report on Thursday, June 5th. KeyCorp reaffirmed an “overweight” rating and set a $335.00 price target (up previously from $325.00) on shares of McDonald’s in a report on Thursday, August 7th. Loop Capital downgraded shares of McDonald’s from a “buy” rating to a “hold” rating and lowered their price target for the company from $346.00 to $315.00 in a report on Friday, June 6th. Finally, The Goldman Sachs Group raised shares of McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price target on the stock in a report on Thursday, July 10th. Eleven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $325.86.

McDonald’s Stock Performance

MCD stock opened at $300.09 on Friday. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32. The company’s fifty day moving average price is $306.88 and its 200-day moving average price is $306.19. The company has a market capitalization of $214.15 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 3.06 and a beta of 0.50.

McDonald’s (NYSE:MCD) last released its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the previous year, the firm earned $2.97 earnings per share. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, research analysts predict that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald’s’s payout ratio is 60.67%.

Insider Buying and Selling at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the sale, the executive vice president owned 8,754 shares of the company’s stock, valued at $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were 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 in the company, valued at approximately $30,690. The trade was a 90.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,402 shares of company stock worth $2,273,407 in the last ninety days. Company insiders own 0.25% of the company’s stock.

McDonald’s Profile

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.