Resonant Capital Advisors LLC Acquires 542 Shares of McDonald’s Corporation $MCD

Resonant Capital Advisors LLC grew its stake in McDonald’s Corporation (NYSE:MCD) by 4.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,525 shares of the fast-food giant’s stock after purchasing an additional 542 shares during the period. Resonant Capital Advisors LLC’s holdings in McDonald’s were worth $3,659,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. WealthPlan Investment Management LLC raised its stake in McDonald’s by 0.9% during the first quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock worth $1,134,000 after acquiring an additional 32 shares in the last quarter. Security Financial Services INC. grew its holdings in shares of McDonald’s by 0.7% in the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock worth $1,575,000 after purchasing an additional 33 shares during the last quarter. Ascent Wealth Partners LLC increased its position in shares of McDonald’s by 0.3% during the 1st quarter. Ascent Wealth Partners LLC now owns 11,588 shares of the fast-food giant’s stock worth $3,620,000 after purchasing an additional 34 shares in the last quarter. Platform Technology Partners increased its position in shares of McDonald’s by 0.4% during the 1st quarter. Platform Technology Partners now owns 8,617 shares of the fast-food giant’s stock worth $2,692,000 after purchasing an additional 35 shares in the last quarter. Finally, Alexander Labrunerie & CO. Inc. lifted its holdings in McDonald’s by 3.4% during the 1st quarter. Alexander Labrunerie & CO. Inc. now owns 1,070 shares of the fast-food giant’s stock valued at $334,000 after purchasing an additional 35 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on MCD shares. Piper Sandler reaffirmed a “neutral” rating and set a $325.00 price objective on shares of McDonald’s in a report on Wednesday. Stifel Nicolaus raised their price target on McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a report on Friday, August 22nd. Citigroup cut their price objective on McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. Truist Financial decreased their target price on McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Finally, KeyCorp restated an “overweight” rating and issued a $335.00 target price on shares of McDonald’s in a research note on Monday, October 20th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $324.50.

McDonald’s Stock Performance

NYSE MCD opened at $306.05 on Friday. The stock has a market capitalization of $218.39 billion, a P/E ratio of 26.23, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The stock has a fifty day moving average of $306.49 and a 200-day moving average of $305.65.

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

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $1.86 dividend. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Monday, December 1st. This represents a $7.44 annualized dividend and a dividend yield of 2.4%. McDonald’s’s payout ratio is 60.67%.

Insider Transactions at McDonald’s

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the sale, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 8,754 shares in the company, valued at approximately $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,463 shares of company stock worth $1,692,186 in the last quarter. 0.25% of the stock is owned by company insiders.

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.