2,744 Shares in McDonald’s Corporation $MCD Acquired by Ibex Wealth Advisors

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

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

McDonald’s Price Performance

McDonald’s stock opened at $299.71 on Monday. The company has a market cap of $213.44 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The stock’s 50-day moving average is $304.39 and its 200-day moving average is $304.94.

McDonald’s (NYSE:MCD) last posted its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) 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 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Research analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $1.86 dividend. The ex-dividend date of this dividend is Monday, December 1st. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a dividend yield of 2.5%. McDonald’s’s dividend payout ratio (DPR) is currently 63.48%.

Insider Activity

In related news, EVP Manuel Jm Steijaert sold 13,134 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $300.42, for a total value of $3,945,716.28. Following the completion of the sale, the executive vice president directly owned 4,606 shares in the company, valued at approximately $1,383,734.52. This represents a 74.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the transaction, the executive vice president owned 99 shares in the company, valued at approximately $30,690. This represents a 90.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 15,134 shares of company stock valued at $4,570,716. Company insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

MCD has been the topic of several recent analyst reports. Morgan Stanley set a $335.00 price objective on shares of McDonald’s in a research note on Friday, October 17th. Truist Financial cut their price target on McDonald’s from $360.00 to $350.00 and set a “buy” rating for the company in a report on Tuesday, October 14th. Mizuho raised McDonald’s to a “hold” rating in a research note on Tuesday, October 28th. BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a research report on Friday, October 24th. Finally, Evercore ISI upped their target price on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Eleven investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $323.91.

McDonald’s 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.