Monument Capital Management cut its stake in McDonald’s Co. (NYSE:MCD) by 86.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,702 shares of the fast-food giant’s stock after selling 10,521 shares during the period. Monument Capital Management’s holdings in McDonald’s were worth $381,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $1,616,206,000. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of McDonald’s by 120.0% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,022,688 shares of the fast-food giant’s stock worth $219,448,000 after acquiring an additional 557,891 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in shares of McDonald’s by 36.1% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,522,335 shares of the fast-food giant’s stock worth $326,661,000 after acquiring an additional 404,133 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of McDonald’s by 7.5% during the 4th quarter. Nuveen Asset Management LLC now owns 5,762,077 shares of the fast-food giant’s stock worth $1,236,427,000 after acquiring an additional 401,671 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of McDonald’s by 7.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,703,214 shares of the fast-food giant’s stock valued at $1,009,212,000 after purchasing an additional 344,384 shares in the last quarter. 66.25% of the stock is owned by institutional investors and hedge funds.
Shares of McDonald’s stock opened at $231.18 on Monday. The company has a market capitalization of $172.36 billion, a PE ratio of 35.35, a P/E/G ratio of 3.17 and a beta of 0.58. The company has a 50-day simple moving average of $217.53 and a two-hundred day simple moving average of $216.15. McDonald’s Co. has a one year low of $167.85 and a one year high of $232.81.
McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, January 27th. The fast-food giant reported $1.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.77 by ($0.07). McDonald’s had a negative return on equity of 53.62% and a net margin of 25.60%. The business had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same period in the previous year, the company earned $1.97 earnings per share. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. On average, equities research analysts predict that McDonald’s Co. will post 6.16 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, March 1st were given a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Friday, February 26th. McDonald’s’s dividend payout ratio is currently 65.82%.
MCD has been the topic of several research analyst reports. Credit Suisse Group raised their price target on McDonald’s from $230.00 to $238.00 and gave the company an “outperform” rating in a research report on Friday, January 29th. UBS Group upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and lifted their target price for the company from $230.00 to $240.00 in a research note on Monday, December 14th. Wedbush began coverage on shares of McDonald’s in a research report on Monday, January 4th. They issued an “outperform” rating and a $240.00 price objective for the company. Robert W. Baird reaffirmed a “buy” rating on shares of McDonald’s in a report on Sunday, February 21st. Finally, Zacks Investment Research raised shares of McDonald’s from a “sell” rating to a “hold” rating and set a $218.00 price target for the company in a report on Tuesday, February 2nd. Eight analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $235.59.
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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