Frazier Financial Advisors LLC Acquires 106 Shares of McDonald’s Corporation $MCD

Frazier Financial Advisors LLC boosted its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 17.5% during the second quarter, HoldingsChannel reports. The fund owned 710 shares of the fast-food giant’s stock after purchasing an additional 106 shares during the quarter. Frazier Financial Advisors LLC’s holdings in McDonald’s were worth $207,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Morningstar Investment Management LLC bought a new stake in McDonald’s during the 2nd quarter worth approximately $323,000. RFG Advisory LLC lifted its position in shares of McDonald’s by 5.9% in the 2nd quarter. RFG Advisory LLC now owns 12,342 shares of the fast-food giant’s stock worth $3,606,000 after purchasing an additional 691 shares during the period. Perfromance Wealth Partners LLC lifted its position in shares of McDonald’s by 60.9% in the 2nd quarter. Perfromance Wealth Partners LLC now owns 1,646 shares of the fast-food giant’s stock worth $481,000 after purchasing an additional 623 shares during the period. Naviter Wealth LLC lifted its position in shares of McDonald’s by 0.8% in the 2nd quarter. Naviter Wealth LLC now owns 9,500 shares of the fast-food giant’s stock worth $2,776,000 after purchasing an additional 74 shares during the period. Finally, Jag Capital Management LLC lifted its position in shares of McDonald’s by 32.7% in the 2nd quarter. Jag Capital Management LLC now owns 1,428 shares of the fast-food giant’s stock worth $417,000 after purchasing an additional 352 shares during the period. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the sale, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at $2,160,270. This represents a 12.73% 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, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the sale, the insider directly owned 9,283 shares in the company, valued at approximately $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,402 shares of company stock valued at $1,973,407 in the last three months. 0.25% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Citigroup boosted their target price on shares of McDonald’s from $373.00 to $381.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. Barclays boosted their price target on shares of McDonald’s from $355.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Melius assumed coverage on shares of McDonald’s in a research note on Monday, July 14th. They set a “sell” rating and a $250.00 price target for the company. Finally, Truist Financial boosted their price target on shares of McDonald’s from $356.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Eleven research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $325.18.

McDonald’s Stock Performance

MCD opened at $300.10 on Tuesday. The firm has a market cap of $214.15 billion, a P/E ratio of 25.72, a PEG ratio of 3.12 and a beta of 0.50. The firm has a 50-day moving average of $306.23 and a 200 day moving average of $305.64. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.04. The company had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.97 earnings per share. Equities research analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

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

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.