Security National Bank acquired a new position in McDonald’s Co. (NYSE:MCD) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,800 shares of the fast-food giant’s stock, valued at approximately $403,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Clark Financial Advisors bought a new position in shares of McDonald’s in the fourth quarter worth about $25,000. Catalyst Private Wealth LLC bought a new position in McDonald’s during the third quarter valued at approximately $27,000. DB Wealth Management Group LLC bought a new position in McDonald’s during the fourth quarter valued at approximately $28,000. MBM Wealth Consultants LLC bought a new position in McDonald’s during the fourth quarter valued at approximately $30,000. Finally, McCarthy Asset Management Inc. bought a new position in McDonald’s during the fourth quarter valued at approximately $31,000. 66.25% of the stock is owned by hedge funds and other institutional investors.
MCD traded down $1.80 during trading on Thursday, hitting $230.81. 55,227 shares of the stock were exchanged, compared to its average volume of 3,339,065. The firm has a 50 day simple moving average of $216.84 and a 200 day simple moving average of $216.02. The firm has a market cap of $172.09 billion, a price-to-earnings ratio of 35.51, a P/E/G ratio of 3.17 and a beta of 0.58. McDonald’s Co. has a 1 year low of $167.85 and a 1 year high of $232.81.
McDonald’s (NYSE:MCD) last released its quarterly earnings data on Wednesday, January 27th. The fast-food giant reported $1.70 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.07). The firm had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.35 billion. McDonald’s had a negative return on equity of 53.62% and a net margin of 25.60%. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.97 earnings per share. As a group, equities analysts forecast that McDonald’s Co. will post 6.16 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, March 1st were issued a dividend of $1.29 per share. The ex-dividend date was Friday, February 26th. This represents a $5.16 annualized dividend and a yield of 2.24%. McDonald’s’s payout ratio is currently 65.82%.
A number of brokerages recently commented on MCD. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on McDonald’s in a research note on Monday, January 4th. They set a “neutral” rating and a $230.00 price target for the company. Credit Suisse Group increased their price target on McDonald’s from $230.00 to $238.00 and gave the company an “outperform” rating in a research note on Friday, January 29th. Stephens raised their price objective on McDonald’s from $225.00 to $232.00 and gave the company an “equal weight” rating in a research note on Thursday, January 7th. Smith Barney Citigroup started coverage on McDonald’s in a research note on Monday, January 4th. They issued a “neutral” rating and a $230.00 price objective for the company. Finally, Wedbush started coverage on McDonald’s in a research note on Monday, January 4th. They issued an “outperform” rating and a $240.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $232.70.
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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