McDonald’s Co. (NYSE:MCD) Stock Holdings Lessened by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. cut its stake in shares of McDonald’s Co. (NYSE:MCD) by 13.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,572 shares of the fast-food giant’s stock after selling 1,909 shares during the quarter. Geneos Wealth Management Inc.’s holdings in McDonald’s were worth $3,644,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MCD. Legacy Investment Solutions LLC acquired a new stake in McDonald’s during the 3rd quarter worth about $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s during the third quarter valued at approximately $31,000. Hara Capital LLC purchased a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $44,000. Peterson Financial Group Inc. acquired a new position in McDonald’s in the 3rd quarter worth approximately $58,000. Finally, FSA Wealth Management LLC purchased a new position in McDonald’s during the 3rd quarter worth approximately $72,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the sale, the insider now directly owns 9,286 shares in the company, valued at $2,716,155. This trade represents a 10.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,905 shares of company stock valued at $2,592,327. 0.23% of the stock is owned by insiders.

McDonald’s Stock Up 0.3 %

Shares of MCD stock opened at $285.37 on Friday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The company has a market cap of $204.50 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73. The business’s 50 day moving average is $291.07 and its two-hundred day moving average is $288.14.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. McDonald’s’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business posted $3.19 EPS. As a group, equities analysts expect that McDonald’s Co. will post 11.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MCD. BMO Capital Markets increased their target price on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Morgan Stanley dropped their target price on McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, UBS Group boosted their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $320.78.

McDonald’s 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.