Blue Edge Capital LLC Invests $207,000 in McDonald’s Co. (NYSE:MCD)

Blue Edge Capital LLC purchased a new position in shares of McDonald’s Co. (NYSE:MCD) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 925 shares of the fast-food giant’s stock, valued at approximately $207,000.

Several other hedge funds also recently modified their holdings of MCD. Ironwood Wealth Management LLC. raised its stake in McDonald’s by 4,288.9% during the fourth quarter. Ironwood Wealth Management LLC. now owns 2,765 shares of the fast-food giant’s stock worth $593,000 after acquiring an additional 2,702 shares during the period. Mattern Capital Management LLC raised its stake in McDonald’s by 1.3% during the fourth quarter. Mattern Capital Management LLC now owns 21,126 shares of the fast-food giant’s stock worth $4,533,000 after acquiring an additional 266 shares during the period. Meritage Portfolio Management raised its stake in McDonald’s by 8.7% during the fourth quarter. Meritage Portfolio Management now owns 4,290 shares of the fast-food giant’s stock worth $921,000 after acquiring an additional 343 shares during the period. DB Wealth Management Group LLC acquired a new stake in McDonald’s during the fourth quarter worth about $28,000. Finally, Braun Stacey Associates Inc. raised its stake in McDonald’s by 4.3% during the fourth quarter. Braun Stacey Associates Inc. now owns 2,400 shares of the fast-food giant’s stock worth $515,000 after acquiring an additional 100 shares during the period. 66.47% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s stock traded up $2.66 during midday trading on Friday, reaching $237.25. The stock had a trading volume of 41,252 shares, compared to its average volume of 2,970,471. McDonald’s Co. has a twelve month low of $178.88 and a twelve month high of $238.18. The firm has a market cap of $177.03 billion, a price-to-earnings ratio of 34.05, a price-to-earnings-growth ratio of 3.11 and a beta of 0.63. The firm has a fifty day moving average of $232.54.

McDonald’s (NYSE:MCD) last released its earnings results on Thursday, April 29th. The fast-food giant reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.11. McDonald’s had a net margin of 26.31% and a negative return on equity of 59.01%. The company had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter in the prior year, the firm earned $1.47 EPS. The company’s revenue was up 8.7% compared to the same quarter last year. As a group, equities analysts expect that McDonald’s Co. will post 8.59 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Shareholders of record on Tuesday, June 1st will be given a $1.29 dividend. The ex-dividend date of this dividend is Friday, May 28th. This represents a $5.16 dividend on an annualized basis and a yield of 2.17%. McDonald’s’s payout ratio is 85.29%.

MCD has been the topic of several research reports. Evercore ISI reiterated a “buy” rating on shares of McDonald’s in a research note on Monday, May 3rd. Telsey Advisory Group increased their price objective on shares of McDonald’s from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 4th. Deutsche Bank Aktiengesellschaft upgraded shares of McDonald’s from a “hold” rating to a “buy” rating and set a $244.00 price objective on the stock in a research note on Wednesday, March 17th. Morgan Stanley raised their price target on shares of McDonald’s from $250.00 to $259.00 and gave the company an “overweight” rating in a research note on Friday, April 30th. Finally, Piper Sandler raised their price target on shares of McDonald’s from $209.00 to $225.00 and gave the company a “neutral” rating in a research note on Monday, April 12th. Eight 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 price target of $244.80.

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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