McDonald’s Corporation $MCD Shares Bought by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. grew its stake in McDonald’s Corporation (NYSE:MCD) by 27.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 16,890 shares of the fast-food giant’s stock after buying an additional 3,684 shares during the quarter. Geneos Wealth Management Inc.’s holdings in McDonald’s were worth $4,935,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Decker Retirement Planning Inc. raised its holdings in shares of McDonald’s by 142.9% in the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after purchasing an additional 50 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in McDonald’s in the second quarter valued at $25,000. HFM Investment Advisors LLC purchased a new stake in McDonald’s during the 1st quarter worth about $26,000. Nova Wealth Management Inc. acquired a new position in shares of McDonald’s during the 1st quarter worth about $26,000. Finally, GFG Capital LLC purchased a new position in shares of McDonald’s in the 2nd quarter valued at about $29,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 3,195 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $305.82, for a total value of $977,094.90. Following the sale, the insider owned 6,088 shares of the company’s stock, valued at approximately $1,861,832.16. This represents a 34.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ian Frederick Borden sold 17,134 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $310.00, for a total value of $5,311,540.00. Following the sale, the chief financial officer directly owned 26,353 shares in the company, valued at approximately $8,169,430. The trade was a 39.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 40,030 shares of company stock valued at $12,240,570 in the last quarter. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MCD. KeyCorp reaffirmed an “overweight” rating and issued a $335.00 price target on shares of McDonald’s in a report on Monday, October 20th. Robert W. Baird raised their price objective on McDonald’s from $322.00 to $325.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Royal Bank Of Canada started coverage on McDonald’s in a report on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 target price for the company. Piper Sandler restated a “neutral” rating and set a $325.00 price target on shares of McDonald’s in a research note on Wednesday, October 22nd. Finally, Mizuho raised McDonald’s to a “hold” rating in a research report on Tuesday, October 28th. Eleven analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $324.57.

McDonald’s Trading Up 2.3%

McDonald’s stock opened at $316.84 on Monday. The stock has a 50 day moving average of $304.98 and a two-hundred day moving average of $303.64. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The stock has a market capitalization of $225.64 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 3.52 and a beta of 0.52.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.11). McDonald’s had a negative return on equity of 280.89% and a net margin of 32.04%.The company had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same quarter last year, the company earned $3.23 EPS. McDonald’s’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities analysts predict 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. Shareholders of record on Monday, December 1st will be given a $1.86 dividend. The ex-dividend date is Monday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a yield of 2.3%. McDonald’s’s dividend payout ratio (DPR) is currently 63.48%.

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.