TRH Financial LLC Increases Holdings in McDonald's Co. (NYSE:MCD)

TRH Financial LLC increased its stake in McDonald's Co. (NYSE:MCD) by 22.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,107 shares of the fast-food giant’s stock after purchasing an additional 2,396 shares during the quarter. McDonald's comprises about 1.9% of TRH Financial LLC’s holdings, making the stock its 14th largest position. TRH Financial LLC’s holdings in McDonald's were worth $2,877,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Family Legacy Inc. grew its position in shares of McDonald's by 1.1% in the third quarter. Family Legacy Inc. now owns 4,216 shares of the fast-food giant’s stock valued at $925,000 after purchasing an additional 45 shares in the last quarter. Investors Financial Group LLC boosted its stake in McDonald's by 2.4% during the third quarter. Investors Financial Group LLC now owns 2,008 shares of the fast-food giant’s stock valued at $441,000 after buying an additional 47 shares during the period. Headinvest LLC boosted its stake in McDonald's by 1.6% during the second quarter. Headinvest LLC now owns 3,074 shares of the fast-food giant’s stock valued at $567,000 after buying an additional 49 shares during the period. First Financial Corp IN boosted its stake in McDonald's by 1.3% during the third quarter. First Financial Corp IN now owns 3,927 shares of the fast-food giant’s stock valued at $862,000 after buying an additional 49 shares during the period. Finally, Private Asset Management Inc. boosted its stake in McDonald's by 2.6% during the third quarter. Private Asset Management Inc. now owns 2,001 shares of the fast-food giant’s stock valued at $439,000 after buying an additional 50 shares during the period. Institutional investors own 66.07% of the company’s stock.

Shares of NYSE:MCD opened at $229.37 on Friday. McDonald's Co. has a 1 year low of $124.23 and a 1 year high of $231.91. The company has a market cap of $170.67 billion, a PE ratio of 36.35, a P/E/G ratio of 5.25 and a beta of 0.67. The stock’s 50-day moving average is $219.28 and its 200 day moving average is $196.08.

McDonald's (NYSE:MCD) last announced its quarterly earnings results on Tuesday, July 28th. The fast-food giant reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.10). McDonald's had a net margin of 24.78% and a negative return on equity of 52.78%. The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the prior year, the firm earned $2.05 EPS. The firm’s revenue for the quarter was down 29.6% on a year-over-year basis. Equities research analysts anticipate that McDonald's Co. will post 5.96 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Monday, November 30th. This is an increase from McDonald's’s previous quarterly dividend of $1.25. McDonald's’s payout ratio is currently 63.78%.

Several equities research analysts recently issued reports on the company. Jefferies Financial Group lifted their price objective on McDonald's from $220.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, October 9th. BMO Capital Markets lifted their price target on McDonald's from $220.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, October 9th. BofA Securities lifted their price target on McDonald's from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. BTIG Research lifted their price target on McDonald's from $220.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, October 9th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of McDonald's in a research note on Tuesday, July 28th. Eight research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $222.43.

McDonald's Company 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, 2019, the company operated 38,695 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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