McDonald’s Co. (NYSE:MCD) Shares Bought by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. raised its stake in McDonald’s Co. (NYSE:MCD) by 1.2% during the first quarter, Holdings Channel reports. The firm owned 14,771 shares of the fast-food giant’s stock after purchasing an additional 178 shares during the period. Geneos Wealth Management Inc.’s holdings in McDonald’s were worth $4,165,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Independent Wealth Network Inc. grew its position in McDonald’s by 4.2% in the fourth quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock worth $256,000 after acquiring an additional 35 shares in the last quarter. Concentric Wealth Management LLC boosted its holdings in shares of McDonald’s by 1.4% during the 4th quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock worth $756,000 after buying an additional 35 shares during the period. Paragon Capital Management Ltd boosted its holdings in shares of McDonald’s by 2.7% during the 4th quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock worth $407,000 after buying an additional 36 shares during the period. Mechanics Financial Corp raised its stake in McDonald’s by 0.7% during the 4th quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock valued at $1,581,000 after purchasing an additional 36 shares during the last quarter. Finally, FinTrust Capital Advisors LLC raised its stake in McDonald’s by 2.9% during the 4th quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant’s stock valued at $376,000 after purchasing an additional 36 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity

In other news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the transaction, the executive vice president now owns 19 shares of the company’s stock, valued at approximately $5,225.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $387,285.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,593 shares of company stock valued at $1,472,518. 0.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MCD shares. Guggenheim cut their target price on shares of McDonald’s from $315.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. BMO Capital Markets cut their target price on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. UBS Group dropped their price objective on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Evercore ISI restated an “outperform” rating and issued a $330.00 price objective on shares of McDonald’s in a research note on Wednesday, March 27th. Finally, Truist Financial dropped their price objective on shares of McDonald’s from $320.00 to $300.00 and set a “buy” rating for the company in a research note on Tuesday. Ten analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $312.11.

McDonald’s Stock Up 1.7 %

NYSE:MCD traded up $4.31 during mid-day trading on Thursday, reaching $254.80. 5,477,781 shares of the company were exchanged, compared to its average volume of 3,451,976. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $302.39. The company has a fifty day moving average of $259.19 and a 200 day moving average of $276.86. The stock has a market cap of $183.63 billion, a PE ratio of 21.66, a PEG ratio of 2.79 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.16 billion. During the same period in the prior year, the company earned $2.63 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts anticipate that McDonald’s Co. will post 12.19 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.