Ibex Wealth Advisors Takes Position in McDonald’s Corporation $MCD

Ibex Wealth Advisors purchased a new stake in shares of McDonald’s Corporation (NYSE:MCD) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 2,744 shares of the fast-food giant’s stock, valued at approximately $802,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCD. Decker Retirement Planning Inc. grew its stake in shares of McDonald’s by 142.9% during the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after acquiring an additional 50 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s in the second quarter worth about $25,000. HFM Investment Advisors LLC purchased a new position in McDonald’s in the first quarter valued at about $26,000. Nova Wealth Management Inc. acquired a new stake in McDonald’s during the 1st quarter valued at approximately $26,000. Finally, GFG Capital LLC purchased a new stake in McDonald’s during the 2nd quarter worth approximately $29,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the sale, the executive vice president directly owned 99 shares in the company, valued at approximately $30,690. This represents a 90.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the transaction, the chief marketing officer owned 6,858 shares of the company’s stock, valued at $2,160,270. This represents a 12.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 15,134 shares of company stock valued at $4,570,716 over the last quarter. Insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

McDonald’s stock opened at $299.71 on Monday. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The company has a fifty day moving average price of $304.39 and a two-hundred day moving average price of $304.94. The company has a market cap of $213.44 billion, a PE ratio of 25.68, a P/E/G ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last issued its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The business had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same period last year, the company posted $3.23 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities research analysts anticipate 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. Investors of record on Monday, December 1st will be paid a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a yield of 2.5%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date is Monday, December 1st. McDonald’s’s dividend payout ratio (DPR) is currently 63.48%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MCD shares. Guggenheim cut their target price on McDonald’s from $310.00 to $295.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. Truist Financial dropped their price target on shares of McDonald’s from $360.00 to $350.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. TD Cowen increased their price objective on shares of McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research note on Wednesday, August 6th. Mizuho raised shares of McDonald’s to a “hold” rating in a report on Tuesday, October 28th. Finally, BTIG Research reissued a “neutral” rating on shares of McDonald’s in a research report on Friday, October 24th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $323.91.

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.