JustInvest LLC Has $2.52 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

JustInvest LLC boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 40.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,239 shares of the fast-food giant’s stock after buying an additional 3,240 shares during the period. JustInvest LLC’s holdings in McDonald’s were worth $2,519,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Crossmark Global Holdings Inc. raised its holdings in McDonald’s by 0.5% during the first quarter. Crossmark Global Holdings Inc. now owns 143,818 shares of the fast-food giant’s stock worth $32,235,000 after buying an additional 749 shares during the last quarter. JFS Wealth Advisors LLC grew its stake in shares of McDonald’s by 4.7% in the 4th quarter. JFS Wealth Advisors LLC now owns 9,896 shares of the fast-food giant’s stock worth $2,124,000 after acquiring an additional 445 shares in the last quarter. HighPoint Advisor Group LLC grew its stake in shares of McDonald’s by 1.8% in the 1st quarter. HighPoint Advisor Group LLC now owns 48,101 shares of the fast-food giant’s stock worth $11,134,000 after acquiring an additional 861 shares in the last quarter. Great Diamond Partners LLC grew its stake in shares of McDonald’s by 5.6% in the 4th quarter. Great Diamond Partners LLC now owns 12,322 shares of the fast-food giant’s stock worth $2,641,000 after acquiring an additional 653 shares in the last quarter. Finally, Everett Harris & Co. CA grew its stake in shares of McDonald’s by 1.5% in the 4th quarter. Everett Harris & Co. CA now owns 416,602 shares of the fast-food giant’s stock worth $89,394,000 after acquiring an additional 6,166 shares in the last quarter. Hedge funds and other institutional investors own 66.25% of the company’s stock.

NYSE:MCD traded down $0.70 during trading hours on Tuesday, hitting $234.86. The company had a trading volume of 33,410 shares, compared to its average volume of 3,139,888. The company has a market capitalization of $175.23 billion, a PE ratio of 35.96, a price-to-earnings-growth ratio of 3.17 and a beta of 0.58. The stock has a 50-day moving average price of $228.71 and a 200 day moving average price of $217.45. McDonald’s Co. has a 52 week low of $167.85 and a 52 week high of $238.18.

McDonald’s (NYSE:MCD) last issued its earnings results on Thursday, April 29th. The fast-food giant reported $1.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.81 by $0.11. The business had revenue of $5.12 billion during the quarter, compared to analyst estimates of $5.02 billion. McDonald’s had a negative return on equity of 53.62% and a net margin of 25.60%. McDonald’s’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.47 EPS. On average, sell-side analysts forecast that McDonald’s Co. will post 6.16 EPS for the current fiscal year.

MCD has been the subject of several recent analyst reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell initiated coverage on shares of McDonald’s in a research note on Monday, January 4th. They issued a “neutral” rating and a $230.00 target price for the company. Evercore ISI reiterated a “buy” rating on shares of McDonald’s in a research note on Monday. Piper Sandler increased their price target on shares of McDonald’s from $209.00 to $225.00 and gave the company a “neutral” rating in a research report on Monday, April 19th. Deutsche Bank Aktiengesellschaft upgraded shares of McDonald’s from a “hold” rating to a “buy” rating and set a $244.00 price target for the company in a research report on Tuesday, March 23rd. Finally, Smith Barney Citigroup started coverage on shares of McDonald’s in a research report on Monday, January 4th. They set a “neutral” rating and a $230.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. McDonald’s has a consensus rating of “Buy” and an average target price of $242.37.

McDonald’s Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products and beverages, as well as breakfast menu. As of December 31, 2020, the company operated 39,198 restaurants. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.

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Institutional Ownership by Quarter for McDonald`s (NYSE:MCD)

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