Nisa Investment Advisors LLC Boosts Holdings in McDonald’s Corporation $MCD

Nisa Investment Advisors LLC boosted its position in shares of McDonald’s Corporation (NYSE:MCD) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 226,060 shares of the fast-food giant’s stock after purchasing an additional 4,549 shares during the quarter. Nisa Investment Advisors LLC’s holdings in McDonald’s were worth $66,048,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Resonant Capital Advisors LLC grew its holdings in shares of McDonald’s by 4.5% during the second quarter. Resonant Capital Advisors LLC now owns 12,525 shares of the fast-food giant’s stock valued at $3,659,000 after buying an additional 542 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in McDonald’s by 0.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 14,438 shares of the fast-food giant’s stock valued at $4,218,000 after acquiring an additional 46 shares in the last quarter. VestGen Investment Management increased its holdings in shares of McDonald’s by 5.0% in the 2nd quarter. VestGen Investment Management now owns 762 shares of the fast-food giant’s stock worth $223,000 after purchasing an additional 36 shares in the last quarter. Ballast Advisors LLC raised its stake in shares of McDonald’s by 11.7% in the second quarter. Ballast Advisors LLC now owns 907 shares of the fast-food giant’s stock worth $265,000 after purchasing an additional 95 shares during the last quarter. Finally, Ingalls & Snyder LLC boosted its position in shares of McDonald’s by 30.1% during the second quarter. Ingalls & Snyder LLC now owns 1,296 shares of the fast-food giant’s stock valued at $379,000 after buying an additional 300 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Truist Financial decreased their target price on McDonald’s from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. BTIG Research restated a “neutral” rating on shares of McDonald’s in a research report on Friday. Evercore ISI increased their price target on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 8th. BMO Capital Markets lifted their price objective on McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. Finally, Wells Fargo & Company lowered their target price on McDonald’s from $350.00 to $340.00 and set an “overweight” rating on the stock in a report on Thursday, October 16th. Eleven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, McDonald’s has an average rating of “Hold” and a consensus target price of $324.50.

Insider Buying and Selling at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the business’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 value of $770,970.00. Following the transaction, the executive vice president directly owned 8,754 shares of the company’s stock, valued at approximately $2,713,740. The trade was a 22.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the sale, the executive vice president directly owned 99 shares of the company’s stock, valued at approximately $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,463 shares of company stock valued at $1,692,186 over the last ninety days. 0.25% of the stock is currently owned by company insiders.

McDonald’s Stock Down 0.3%

Shares of MCD opened at $306.05 on Friday. The business has a 50-day simple moving average of $306.49 and a two-hundred day simple moving average of $305.65. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The stock has a market cap of $218.39 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 3.23 and a beta of 0.50.

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

McDonald’s Increases Dividend

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

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.