Ballast Advisors LLC Acquires 95 Shares of McDonald’s Corporation $MCD

Ballast Advisors LLC raised its holdings in McDonald’s Corporation (NYSE:MCD) by 11.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 907 shares of the fast-food giant’s stock after acquiring an additional 95 shares during the quarter. Ballast Advisors LLC’s holdings in McDonald’s were worth $265,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ingalls & Snyder LLC boosted its stake in McDonald’s by 30.1% in the second quarter. Ingalls & Snyder LLC now owns 1,296 shares of the fast-food giant’s stock valued at $379,000 after acquiring an additional 300 shares during the last quarter. Strait & Sound Wealth Management LLC boosted its stake in McDonald’s by 160.1% in the second quarter. Strait & Sound Wealth Management LLC now owns 2,008 shares of the fast-food giant’s stock valued at $587,000 after acquiring an additional 1,236 shares during the last quarter. Interchange Capital Partners LLC boosted its stake in McDonald’s by 4.2% in the second quarter. Interchange Capital Partners LLC now owns 1,183 shares of the fast-food giant’s stock valued at $346,000 after acquiring an additional 48 shares during the last quarter. Cabot Wealth Management Inc. boosted its stake in McDonald’s by 7.7% in the second quarter. Cabot Wealth Management Inc. now owns 1,050 shares of the fast-food giant’s stock valued at $307,000 after acquiring an additional 75 shares during the last quarter. Finally, Brighton Jones LLC boosted its stake in McDonald’s by 3.2% in the second quarter. Brighton Jones LLC now owns 11,128 shares of the fast-food giant’s stock valued at $3,251,000 after acquiring an additional 350 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Performance

Shares of MCD stock opened at $306.05 on Friday. The company 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. The company’s 50 day moving average price is $306.49 and its two-hundred day moving average price is $305.65. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32.

McDonald’s (NYSE:MCD) last announced 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 period last year, the company posted $2.97 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

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

Insider Activity

In other news, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the sale, the executive vice president directly owned 99 shares in the company, valued at $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’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 owned 6,858 shares in the company, valued at $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,463 shares of company stock worth $1,692,186 over the last ninety days. Insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Piper Sandler reiterated a “neutral” rating and issued a $325.00 price target on shares of McDonald’s in a research report on Wednesday. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a research report on Friday. The Goldman Sachs Group upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price target on the stock in a research report on Thursday, July 10th. BMO Capital Markets 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 report on Thursday, September 4th. Finally, Stifel Nicolaus raised their target price on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a report on Friday, August 22nd. Eleven 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. Based on data from MarketBeat, McDonald’s has a consensus rating of “Hold” and an average target price of $324.50.

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.