M&R Capital Management Inc. Sells 762 Shares of McDonald’s Co. (NYSE:MCD)


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M&R Capital Management Inc. lessened its position in McDonald’s Co. (NYSE:MCD) by 25.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 2,236 shares of the fast-food giant’s stock after selling 762 shares during the period. M&R Capital Management Inc.’s holdings in McDonald’s were worth $501,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Old Port Advisors increased its stake in McDonald’s by 4.4% in the 4th quarter. Old Port Advisors now owns 1,129 shares of the fast-food giant’s stock worth $237,000 after buying an additional 48 shares during the period. Pure Financial Advisors Inc. increased its position in McDonald’s by 2.7% during the 4th quarter. Pure Financial Advisors Inc. now owns 1,809 shares of the fast-food giant’s stock valued at $388,000 after purchasing an additional 48 shares during the period. Youngs Advisory Group Inc. increased its position in McDonald’s by 3.9% during the 4th quarter. Youngs Advisory Group Inc. now owns 1,285 shares of the fast-food giant’s stock valued at $276,000 after purchasing an additional 48 shares during the period. Cahill Financial Advisors Inc. increased its position in McDonald’s by 1.8% during the 4th quarter. Cahill Financial Advisors Inc. now owns 2,667 shares of the fast-food giant’s stock valued at $572,000 after purchasing an additional 48 shares during the period. Finally, Pacific Wealth Strategies Group Inc. increased its position in McDonald’s by 1.3% during the 4th quarter. Pacific Wealth Strategies Group Inc. now owns 3,935 shares of the fast-food giant’s stock valued at $849,000 after purchasing an additional 49 shares during the period. Hedge funds and other institutional investors own 66.25% of the company’s stock.

Shares of MCD stock opened at $232.28 on Thursday. The company’s 50-day moving average price is $216.84 and its 200-day moving average price is $216.02. The stock has a market cap of $173.18 billion, a price-to-earnings ratio of 35.51, a PEG ratio of 3.17 and a beta of 0.58. McDonald’s Co. has a twelve month low of $167.85 and a twelve month high of $232.81.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, January 27th. The fast-food giant reported $1.70 earnings per share 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 analyst estimates of $5.35 billion. McDonald’s had a net margin of 25.60% and a negative return on equity of 53.62%. The company’s revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.97 EPS. On average, analysts expect that McDonald’s Co. will post 6.16 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Monday, March 1st were given a dividend of $1.29 per share. The ex-dividend date was Friday, February 26th. This represents a $5.16 annualized dividend and a dividend yield of 2.22%. McDonald’s’s payout ratio is 65.82%.

A number of research analysts have commented on MCD shares. Wedbush assumed coverage on shares of McDonald’s in a research report on Monday, January 4th. They set an “outperform” rating and a $240.00 target price on the stock. Stephens lifted their price objective on shares of McDonald’s from $225.00 to $232.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 7th. The Goldman Sachs Group assumed coverage on shares of McDonald’s in a research report on Tuesday, January 19th. They issued a “buy” rating and a $237.00 price objective on the stock. UBS Group raised shares of McDonald’s from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $230.00 to $240.00 in a research report on Monday, December 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of McDonald’s from a “hold” rating to a “buy” rating and set a $244.00 target price for the company in a research note on Tuesday, March 23rd. Eight equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $232.70.

McDonald’s Profile

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

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