Csenge Advisory Group reduced its holdings in shares of McDonald’s Co. (NYSE:MCD) by 6.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,148 shares of the fast-food giant’s stock after selling 283 shares during the quarter. Csenge Advisory Group’s holdings in McDonald’s were worth $960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. AMF Pensionsforsakring AB increased its position in McDonald’s by 12.7% in the first quarter. AMF Pensionsforsakring AB now owns 640,982 shares of the fast-food giant’s stock worth $143,744,000 after buying an additional 72,333 shares in the last quarter. Moloney Securities Asset Management LLC increased its position in McDonald’s by 172.9% in the first quarter. Moloney Securities Asset Management LLC now owns 12,500 shares of the fast-food giant’s stock worth $2,802,000 after buying an additional 7,919 shares in the last quarter. Mizuho Securities USA LLC purchased a new stake in McDonald’s in the first quarter worth about $5,345,000. Wealth Alliance Advisory Group LLC increased its position in McDonald’s by 4.5% in the first quarter. Wealth Alliance Advisory Group LLC now owns 10,674 shares of the fast-food giant’s stock worth $2,392,000 after buying an additional 456 shares in the last quarter. Finally, Resonant Capital Advisors LLC increased its position in McDonald’s by 12.1% in the first quarter. Resonant Capital Advisors LLC now owns 8,652 shares of the fast-food giant’s stock worth $1,939,000 after buying an additional 931 shares in the last quarter. 66.25% of the stock is currently owned by hedge funds and other institutional investors.
MCD has been the subject of a number of analyst reports. Stephens upped their price target on McDonald’s from $225.00 to $232.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 7th. Deutsche Bank Aktiengesellschaft upgraded McDonald’s from a “hold” rating to a “buy” rating and set a $244.00 target price for the company in a research report on Tuesday, March 23rd. JPMorgan Chase & Co. increased their target price on McDonald’s from $215.00 to $245.00 and gave the stock an “overweight” rating in a research report on Monday, April 19th. Morgan Stanley increased their price target on McDonald’s from $250.00 to $259.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Smith Barney Citigroup 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. Eight equities research 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 a consensus price target of $242.03.
McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Thursday, April 29th. The fast-food giant reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.11. The firm had revenue of $5.12 billion for the quarter, compared to analyst estimates of $5.02 billion. McDonald’s had a net margin of 25.60% and a negative return on equity of 53.62%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.47 EPS. Research analysts predict that McDonald’s Co. will post 6.16 EPS for the current fiscal year.
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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