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

Key Points

• Synergy Asset Management LLC boosted its stake in McDonald's Corporation by 40.2% during Q2, acquiring an additional 1,312 shares, bringing its total holdings to 4,573 shares valued at approximately $1.34 million.
• McDonald's reported $3.19 EPS for the last quarter, exceeding analysts' expectations of $3.15, with a revenue of $6.84 billion, up 5.4% year-over-year.
• McDonald's declared a quarterly dividend of $1.77, reflecting an annualized yield of 2.4% and a payout ratio of 60.67% as of September 16th.

Synergy Asset Management LLC increased its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 40.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,573 shares of the fast-food giant's stock after acquiring an additional 1,312 shares during the quarter. Synergy Asset Management LLC's holdings in McDonald's were worth $1,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of MCD. Brighton Jones LLC increased its stake in shares of McDonald's by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock worth $2,692,000 after acquiring an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of McDonald's by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock worth $563,000 after acquiring an additional 52 shares in the last quarter. Quotient Wealth Partners LLC increased its stake in shares of McDonald's by 10.9% in the 1st quarter. Quotient Wealth Partners LLC now owns 2,616 shares of the fast-food giant's stock worth $817,000 after acquiring an additional 258 shares in the last quarter. Clare Market Investments LLC increased its stake in shares of McDonald's by 14.8% in the 1st quarter. Clare Market Investments LLC now owns 1,987 shares of the fast-food giant's stock worth $621,000 after acquiring an additional 256 shares in the last quarter. Finally, Matrix Trust Co increased its stake in shares of McDonald's by 1.1% in the 1st quarter. Matrix Trust Co now owns 7,571 shares of the fast-food giant's stock worth $2,365,000 after acquiring an additional 86 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald's Stock Down 0.1%

Shares of MCD stock opened at $300.09 on Friday. The company has a 50 day moving average price of $306.88 and a 200-day moving average price of $306.19. McDonald's Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The firm has a market capitalization of $214.15 billion, a PE ratio of 25.71, a P/E/G ratio of 3.06 and a beta of 0.50.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $6.68 billion. During the same period in the previous year, the business posted $2.97 earnings per share. The business's revenue for the quarter was up 5.4% on a year-over-year basis. Analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

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

Wall Street Analyst Weigh In

MCD has been the subject of a number of analyst reports. Bank of America reduced their price objective on shares of McDonald's from $327.00 to $322.00 and set a "neutral" rating for the company in a research note on Friday, July 18th. BMO Capital Markets raised their price objective on shares of McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a research note on Thursday, September 4th. Evercore ISI raised their price objective on shares of McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Citigroup raised their price objective on shares of McDonald's from $373.00 to $381.00 and gave the company a "buy" rating in a research note on Wednesday, September 17th. Finally, Redburn Atlantic restated a "sell" rating and set a $260.00 price objective (down from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. Eleven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $325.86.

Insider Activity at McDonald's

In other news, 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 value of $315,000.00. Following the completion of the sale, the chief marketing officer directly owned 6,858 shares in the company, valued at $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through 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 stock was 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,402 shares of company stock valued at $2,273,407. Insiders own 0.25% of the company's stock.

About McDonald's

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.

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