American Research & Management Co. Cuts Stock Position in McDonald’s Co. (NYSE:MCD)


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American Research & Management Co. trimmed its holdings in shares of McDonald’s Co. (NYSE:MCD) by 16.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,245 shares of the fast-food giant’s stock after selling 440 shares during the period. American Research & Management Co.’s holdings in McDonald’s were worth $503,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Clark Financial Advisors purchased a new stake in shares of McDonald’s during the 4th quarter valued at about $25,000. Catalyst Private Wealth LLC bought a new position in shares of McDonald’s during the 3rd quarter valued at approximately $27,000. DB Wealth Management Group LLC bought a new position in McDonald’s in the 4th quarter worth approximately $28,000. MBM Wealth Consultants LLC bought a new position in McDonald’s in the 4th quarter worth approximately $30,000. Finally, McCarthy Asset Management Inc. bought a new position in shares of McDonald’s during the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 66.25% of the company’s stock.

Shares of McDonald’s stock traded down $2.12 during trading hours on Thursday, reaching $230.49. The stock had a trading volume of 64,112 shares, compared to its average volume of 3,339,065. The firm has a 50 day simple moving average of $216.84 and a two-hundred day simple moving average of $216.02. The firm has a market capitalization of $171.85 billion, a price-to-earnings ratio of 35.51, a P/E/G ratio of 3.17 and a beta of 0.58. McDonald’s Co. has a 1 year low of $167.85 and a 1 year high of $232.81.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, January 27th. The fast-food giant reported $1.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.77 by ($0.07). The company had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.35 billion. McDonald’s had a negative return on equity of 53.62% and a net margin of 25.60%. The firm’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.97 EPS. On average, equities analysts predict that McDonald’s Co. will post 6.16 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Monday, March 1st were paid a $1.29 dividend. The ex-dividend date of this dividend was Friday, February 26th. This represents a $5.16 annualized dividend and a dividend yield of 2.24%. McDonald’s’s dividend payout ratio (DPR) is presently 65.82%.

Several analysts recently weighed in on MCD shares. Credit Suisse Group increased their price target on McDonald’s from $230.00 to $238.00 and gave the company an “outperform” rating in a report on Friday, January 29th. Oppenheimer upgraded shares of McDonald’s from a “market perform” rating to an “outperform” rating and set a $240.00 price target for the company in a report on Thursday, January 7th. Smith Barney Citigroup initiated coverage on shares of McDonald’s in a report on Monday, January 4th. They issued a “neutral” rating and a $230.00 price target for the company. UBS Group upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $230.00 to $240.00 in a research note on Monday, December 14th. Finally, The Goldman Sachs Group initiated coverage on shares of McDonald’s in a research note on Tuesday, January 19th. They set a “buy” rating and a $237.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. McDonald’s currently has a consensus rating of “Buy” and an average price target of $232.70.

About McDonald’s

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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