Geneos Wealth Management Inc. Boosts Stock Position in McDonald's Corporation (NYSE:MCD)

Key Points

• Geneos Wealth Management Inc. increased its holdings in McDonald's Corporation by 16% in the first quarter, bringing its total shares to 14,585, valued at approximately $4.56 million.
• McDonald's reported quarterly earnings of $2.67 per share, meeting analysts' expectations, while its revenue of $5.96 billion fell short of the anticipated $6.17 billion, marking a 3.5% year-over-year decline.
• The fast-food giant declared a quarterly dividend of $1.77 per share, with a yield of 2.34%, and a payout ratio of 62.49%, indicating a commitment to returning value to shareholders.

Geneos Wealth Management Inc. boosted its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 16.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,585 shares of the fast-food giant's stock after buying an additional 2,013 shares during the period. Geneos Wealth Management Inc.'s holdings in McDonald's were worth $4,556,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Granite Bay Wealth Management LLC increased its stake in McDonald's by 3.5% in the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock worth $309,000 after purchasing an additional 33 shares during the period. CVA Family Office LLC increased its stake in shares of McDonald's by 1.9% during the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock valued at $560,000 after buying an additional 33 shares during the period. Consilium Wealth Advisory LLC increased its stake in shares of McDonald's by 2.5% during the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock valued at $417,000 after buying an additional 33 shares during the period. Security Financial Services INC. boosted its position in shares of McDonald's by 0.7% during the first quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant's stock valued at $1,575,000 after purchasing an additional 33 shares in the last quarter. Finally, Northeast Financial Consultants Inc boosted its position in shares of McDonald's by 0.5% during the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock valued at $2,170,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Trading Down 1.1%

Shares of MCD traded down $3.31 during trading hours on Thursday, hitting $300.30. The company had a trading volume of 3,619,632 shares, compared to its average volume of 3,222,961. The company has a market capitalization of $214.72 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 3.18 and a beta of 0.53. McDonald's Corporation has a one year low of $262.40 and a one year high of $326.32. The company's fifty day moving average price is $299.68 and its two-hundred day moving average price is $303.37.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting the consensus estimate of $2.67. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The firm had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same period in the previous year, the company posted $2.70 EPS. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. Analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, September 2nd. McDonald's's payout ratio is 62.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Bank of America dropped their target price on McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a report on Friday, July 18th. Piper Sandler upped their price target on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Erste Group Bank cut McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. KeyCorp reduced their price target on McDonald's from $340.00 to $325.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. Finally, BMO Capital Markets restated an "outperform" rating and issued a $345.00 price target (up previously from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, McDonald's currently has an average rating of "Hold" and a consensus target price of $323.39.

Insider Buying and Selling at McDonald's

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the transaction, the chief marketing officer directly owned 8,858 shares in the company, valued at $2,657,400. The trade was a 10.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the transaction, the insider owned 9,283 shares in the company, valued at approximately $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,817 shares of company stock worth $1,147,992. 0.25% of the stock is owned by company insiders.

McDonald's Company 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.