McDonald’s Corporation $MCD Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC increased its position in shares of McDonald’s Corporation (NYSE:MCD) by 51.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,921 shares of the fast-food giant’s stock after purchasing an additional 29,991 shares during the period. NEOS Investment Management LLC’s holdings in McDonald’s were worth $26,718,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Heartland Advisors Inc. acquired a new stake in shares of McDonald’s during the 3rd quarter worth about $298,000. Holistic Financial Partners lifted its position in shares of McDonald’s by 7.5% during the 3rd quarter. Holistic Financial Partners now owns 1,298 shares of the fast-food giant’s stock worth $394,000 after buying an additional 90 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in shares of McDonald’s by 12.0% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 10,197 shares of the fast-food giant’s stock valued at $3,099,000 after buying an additional 1,096 shares in the last quarter. Bedel Financial Consulting Inc. raised its stake in McDonald’s by 2.3% during the 3rd quarter. Bedel Financial Consulting Inc. now owns 6,824 shares of the fast-food giant’s stock worth $2,074,000 after acquiring an additional 152 shares in the last quarter. Finally, Merit Financial Group LLC lifted its position in McDonald’s by 3.6% in the third quarter. Merit Financial Group LLC now owns 36,828 shares of the fast-food giant’s stock valued at $11,192,000 after acquiring an additional 1,290 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Stock Performance

MCD stock opened at $327.58 on Tuesday. The firm has a market cap of $233.29 billion, a P/E ratio of 27.41, a PEG ratio of 3.32 and a beta of 0.52. The stock’s 50 day moving average price is $313.38 and its 200 day moving average price is $308.53. McDonald’s Corporation has a 1 year low of $283.47 and a 1 year high of $335.67.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, February 11th. The fast-food giant reported $3.12 earnings per share for the quarter, beating analysts’ consensus estimates of $3.05 by $0.07. The business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.81 billion. McDonald’s had a net margin of 31.85% and a negative return on equity of 343.90%. The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.83 earnings per share. On average, research analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd will be paid a dividend of $1.86 per share. The ex-dividend date of this dividend is Tuesday, March 3rd. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.3%. McDonald’s’s dividend payout ratio is currently 62.26%.

Insider Activity at McDonald’s

In other news, EVP Manuel Jm Steijaert sold 6,567 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $305.50, for a total value of $2,006,218.50. Following the transaction, the executive vice president directly owned 4,606 shares in the company, valued at $1,407,133. This trade represents a 58.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Ian Frederick Borden sold 17,134 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $310.00, for a total transaction of $5,311,540.00. Following the sale, the chief financial officer directly owned 26,353 shares of the company’s stock, valued at approximately $8,169,430. This trade represents a 39.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 31,439 shares of company stock valued at $9,772,464 over the last three months. Insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Mizuho lifted their target price on McDonald’s from $300.00 to $325.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. TD Cowen restated a “hold” rating and set a $320.00 target price on shares of McDonald’s in a research report on Thursday, February 12th. Oppenheimer upgraded shares of McDonald’s from a “market perform” rating to an “outperform” rating and set a $355.00 price target for the company in a research report on Tuesday, January 6th. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating and set a $380.00 price objective on the stock in a research note on Friday. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of McDonald’s in a report on Thursday, November 6th. Fifteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $337.04.

McDonald’s Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.