Wedgewood Investors Inc. PA lessened its stake in shares of McDonald’s Co. (NYSE:MCD) by 4.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,325 shares of the fast-food giant’s stock after selling 100 shares during the quarter. Wedgewood Investors Inc. PA’s holdings in McDonald’s were worth $521,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Norges Bank bought 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 lifted its holdings in shares of McDonald’s by 120.0% in the fourth 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 during the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in McDonald’s by 36.1% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,522,335 shares of the fast-food giant’s stock valued at $326,661,000 after purchasing an additional 404,133 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of McDonald’s by 7.5% during the fourth quarter. Nuveen Asset Management LLC now owns 5,762,077 shares of the fast-food giant’s stock worth $1,236,427,000 after buying an additional 401,671 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in McDonald’s by 7.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,703,214 shares of the fast-food giant’s stock worth $1,009,212,000 after acquiring an additional 344,384 shares during the last quarter. 66.25% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MCD traded down $1.00 during mid-day trading on Tuesday, hitting $234.56. The company’s stock had a trading volume of 32,799 shares, compared to its average volume of 3,139,888. The firm has a market capitalization of $175.00 billion, a price-to-earnings ratio of 35.96, a PEG ratio of 3.17 and a beta of 0.58. McDonald’s Co. has a 52-week low of $167.85 and a 52-week high of $238.18. The company’s 50-day moving average is $228.71 and its 200-day moving average is $217.45.
McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Thursday, April 29th. The fast-food giant reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.11. The company had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.02 billion. McDonald’s had a negative return on equity of 53.62% and a net margin of 25.60%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.47 earnings per share. Research analysts expect that McDonald’s Co. will post 6.16 EPS for the current year.
MCD has been the subject of a number of analyst reports. Jefferies Financial Group restated a “buy” rating and set a $265.00 price objective on shares of McDonald’s in a research report on Monday, April 12th. The Goldman Sachs Group started coverage on McDonald’s in a research note on Tuesday, January 19th. They set a “buy” rating and a $237.00 price target for the company. Telsey Advisory Group increased their target price on shares of McDonald’s from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday. Oppenheimer raised shares of McDonald’s from a “market perform” rating to an “outperform” rating and set a $240.00 price objective for the company in a report on Thursday, January 7th. Finally, Evercore ISI restated a “buy” rating on shares of McDonald’s in a research report on Monday. Eight equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. McDonald’s has an average rating of “Buy” and an average price target of $242.37.
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.
Further Reading: Shanghai Stock Exchange Composite Index
Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Co. (NYSE:MCD).
Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.