MSH Capital Advisors LLC Increases Holdings in McDonald’s Corporation $MCD

MSH Capital Advisors LLC raised its stake in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 88.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,850 shares of the fast-food giant’s stock after buying an additional 2,282 shares during the quarter. MSH Capital Advisors LLC’s holdings in McDonald’s were worth $1,482,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. North Dakota State Investment Board purchased a new position in McDonald’s during the fourth quarter valued at $7,493,000. Pittenger & Anderson Inc. increased its holdings in shares of McDonald’s by 21.9% in the 4th quarter. Pittenger & Anderson Inc. now owns 21,487 shares of the fast-food giant’s stock worth $6,567,000 after purchasing an additional 3,866 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of McDonald’s by 5.2% in the 3rd quarter. Schroder Investment Management Group now owns 1,029,572 shares of the fast-food giant’s stock worth $312,877,000 after purchasing an additional 51,039 shares in the last quarter. National Pension Service increased its holdings in shares of McDonald’s by 2.5% in the 3rd quarter. National Pension Service now owns 1,533,015 shares of the fast-food giant’s stock worth $465,868,000 after purchasing an additional 37,744 shares in the last quarter. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of McDonald’s in the 3rd quarter worth $1,697,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of MCD opened at $282.48 on Tuesday. McDonald’s Corporation has a one year low of $271.98 and a one year high of $341.75. The firm has a market capitalization of $200.70 billion, a P/E ratio of 23.29, a PEG ratio of 2.81 and a beta of 0.43. The business has a fifty day moving average of $298.88 and a 200 day moving average of $309.23.

McDonald’s (NYSE:MCDGet Free Report) last issued its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, topping the consensus estimate of $2.74 by $0.09. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.The company had revenue of $6.52 billion during the quarter, compared to analyst estimates of $6.47 billion. During the same quarter in the previous year, the company posted $2.67 earnings per share. McDonald’s’s revenue was up 9.4% compared to the same quarter last year. Analysts expect that McDonald’s Corporation will post 12.93 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be issued a $1.86 dividend. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $7.44 annualized dividend and a dividend yield of 2.6%. McDonald’s’s payout ratio is presently 61.34%.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 333 shares of McDonald’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $302.72, for a total value of $100,805.76. Following the completion of the sale, the insider owned 8,067 shares of the company’s stock, valued at $2,442,042.24. The trade was a 3.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 5,585 shares of company stock valued at $1,769,209 over the last three months. Insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

MCD has been the subject of a number of research analyst reports. Argus raised McDonald’s from a “hold” rating to a “buy” rating and set a $380.00 target price for the company in a report on Friday, February 13th. Morgan Stanley set a $331.00 target price on McDonald’s in a report on Friday, May 8th. Weiss Ratings lowered McDonald’s from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, April 27th. Truist Financial lifted their target price on McDonald’s from $356.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Finally, Citigroup lifted their target price on McDonald’s from $371.00 to $375.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Seventeen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $334.45.

Read Our Latest Analysis on MCD

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About McDonald’s

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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