IFP Advisors Inc Sells 2,017 Shares of McDonald’s Corporation $MCD

IFP Advisors Inc lessened its position in McDonald’s Corporation (NYSE:MCD) by 5.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,263 shares of the fast-food giant’s stock after selling 2,017 shares during the period. IFP Advisors Inc’s holdings in McDonald’s were worth $8,721,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of MCD. IFC & Insurance Marketing Inc. bought a new stake in McDonald’s during the 4th quarter worth approximately $29,000. Abound Financial LLC bought a new position in shares of McDonald’s in the fourth quarter valued at about $30,000. Purpose Unlimited Inc. bought a new position in shares of McDonald’s in the fourth quarter worth about $31,000. Entrust Financial LLC acquired a new position in McDonald’s during the 4th quarter worth $31,000. Finally, GKV Capital Management Co. Inc. acquired a new position in shares of McDonald’s during the first quarter valued at $33,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD opened at $253.59 on Thursday. McDonald’s Corporation has a twelve month low of $253.35 and a twelve month high of $341.75. The firm’s 50 day moving average price is $268.81 and its two-hundred day moving average price is $287.58. The firm has a market cap of $179.45 billion, a P/E ratio of 20.60, a PEG ratio of 2.76 and a beta of 0.41.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.06. McDonald’s had a net margin of 31.72% and a negative return on equity of 572.06%. The company had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $7.13 billion. During the same quarter in the prior year, the firm earned $3.19 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts anticipate that McDonald’s Corporation will post 12.88 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Tuesday, September 1st. McDonald’s’s dividend payout ratio is 60.44%.

Analyst Ratings Changes

Several brokerages recently weighed in on MCD. Guggenheim cut their price objective on shares of McDonald’s from $320.00 to $290.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Citigroup raised their price target on McDonald’s from $335.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Morgan Stanley decreased their price objective on McDonald’s from $322.00 to $319.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 5th. TD Cowen reiterated a “hold” rating on shares of McDonald’s in a report on Tuesday, August 4th. Finally, Piper Sandler set a $286.00 target price on McDonald’s in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $321.35.

Key McDonald’s News

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: McDonald’s is launching several traffic-driving initiatives, including a one-day $1 cheeseburger promotion, new SpongeBob and One Piece Happy Meal toys, and a first-of-its-kind fall flavor in Canada replacing the company’s traditional pumpkin-spice offering. These campaigns could support customer visits and seasonal sales, although their financial impact is likely limited. McDonald’s Is Offering $1 Cheeseburgers
• Positive Sentiment: Analysts continue to view McDonald’s as a relatively defensive consumer stock amid uncertainty around inflation and Federal Reserve policy. Its franchise-heavy model, global scale and dividend profile may provide support if market volatility increases. Defensive Stocks to Watch
• Neutral Sentiment: McDonald’s is slowing its restaurant expansion pace to protect returns as development costs rise and consumers remain price-sensitive. The strategy may improve the economics of new locations, but it also implies a more measured growth outlook. McDonald’s Slower Expansion Pace
• Negative Sentiment: McDonald’s reportedly faces potentially significant fines related to the use of disposable cups. If confirmed, the penalties could increase costs and add to environmental-compliance risk. McDonald’s Faces Millions in Fines
• Negative Sentiment: Some consumer coverage criticizes new menu items and reduced children’s amenities, potentially highlighting affordability, value and customer-experience concerns. These stories are primarily reputational and are unlikely to materially affect near-term financial results on their own.

McDonald’s Profile

McDonald’s Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald’s brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald’s mobile app.

The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.