Capital City Trust Co. FL Cuts Stock Holdings in McDonald’s Co. (NYSE:MCD)

Capital City Trust Co. FL lessened its holdings in McDonald’s Co. (NYSE:MCD) by 3.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 12,691 shares of the fast-food giant’s stock after selling 492 shares during the period. Capital City Trust Co. FL’s holdings in McDonald’s were worth $2,845,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Avestar Capital LLC raised its stake in McDonald’s by 51.1% in the first quarter. Avestar Capital LLC now owns 5,674 shares of the fast-food giant’s stock worth $1,319,000 after buying an additional 1,920 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of McDonald’s by 0.5% in the 1st quarter. Crossmark Global Holdings Inc. now owns 143,818 shares of the fast-food giant’s stock worth $32,235,000 after acquiring an additional 749 shares in the last quarter. Dearborn Partners LLC lifted its stake in shares of McDonald’s by 2.1% during the 1st quarter. Dearborn Partners LLC now owns 253,426 shares of the fast-food giant’s stock worth $56,803,000 after purchasing an additional 5,257 shares during the last quarter. JFS Wealth Advisors LLC boosted its position in McDonald’s by 4.7% during the fourth quarter. JFS Wealth Advisors LLC now owns 9,896 shares of the fast-food giant’s stock valued at $2,124,000 after purchasing an additional 445 shares in the last quarter. Finally, HighPoint Advisor Group LLC grew its stake in McDonald’s by 1.8% in the first quarter. HighPoint Advisor Group LLC now owns 48,101 shares of the fast-food giant’s stock valued at $11,134,000 after purchasing an additional 861 shares during the last quarter. Hedge funds and other institutional investors own 66.25% of the company’s stock.

Shares of McDonald’s stock opened at $231.10 on Tuesday. McDonald’s Co. has a one year low of $178.07 and a one year high of $238.18. The company has a market cap of $172.44 billion, a P/E ratio of 35.37, a PEG ratio of 3.17 and a beta of 0.58. The firm has a fifty day moving average of $231.77 and a two-hundred day moving average of $217.98.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, April 29th. The fast-food giant reported $1.92 EPS for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.11. McDonald’s had a net margin of 25.60% and a negative return on equity of 53.62%. The firm had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter last year, the firm earned $1.47 earnings per share. The firm’s revenue was up 8.7% compared to the same quarter last year. As a group, equities analysts anticipate that McDonald’s Co. will post 6.16 EPS for the current year.

MCD has been the topic of a number of analyst reports. Robert W. Baird reaffirmed a “buy” rating on shares of McDonald’s in a research report on Sunday, February 21st. Deutsche Bank Aktiengesellschaft raised shares of McDonald’s from a “hold” rating to a “buy” rating and set a $244.00 price target on the stock in a report on Tuesday, March 23rd. KeyCorp raised their price objective on McDonald’s from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Thursday, May 6th. Cowen upped their target price on McDonald’s from $250.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday, April 21st. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $265.00 target price on shares of McDonald’s in a research note on Monday, April 12th. Eight research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $242.37.

About McDonald’s

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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