Delta Asset Management LLC TN Acquires 160 Shares of McDonald’s Co. (NYSE:MCD)

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Delta Asset Management LLC TN boosted its holdings in McDonald’s Co. (NYSE:MCD) by 2.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,899 shares of the fast-food giant’s stock after buying an additional 160 shares during the quarter. Delta Asset Management LLC TN’s holdings in McDonald’s were worth $1,322,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Clark Financial Advisors bought a new position in shares of McDonald’s during the 4th quarter valued at approximately $25,000. Emerson Wealth Management LLC purchased a new position in McDonald’s in the 1st quarter valued at $26,000. DB Wealth Management Group LLC purchased a new stake in McDonald’s in the fourth quarter valued at approximately $28,000. MBM Wealth Consultants LLC acquired a new position in McDonald’s during the fourth quarter worth $30,000. Finally, McCarthy Asset Management Inc. acquired a new position in McDonald’s during the fourth quarter worth $31,000. 66.25% of the stock is owned by institutional investors.

Several equities research analysts recently commented on MCD shares. Deutsche Bank Aktiengesellschaft upgraded McDonald’s from a “hold” rating to a “buy” rating and set a $244.00 target price on the stock in a report on Tuesday, March 23rd. KeyCorp boosted their price objective on McDonald’s from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday. Wells Fargo & Company upgraded McDonald’s to an “overweight” rating in a report on Monday, February 22nd. Wedbush boosted their price objective on McDonald’s from $255.00 to $260.00 and gave the stock an “outperform” rating in a research report 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 on the stock. Eight investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $242.37.

Shares of McDonald’s stock opened at $235.56 on Tuesday. McDonald’s Co. has a 1 year low of $167.85 and a 1 year high of $238.18. The firm’s 50-day moving average is $228.71 and its two-hundred day moving average is $217.45. The stock has a market cap of $175.75 billion, a price-to-earnings ratio of 35.96, a PEG ratio of 3.17 and a beta of 0.58.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Thursday, April 29th. The fast-food giant reported $1.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.11. The business had revenue of $5.12 billion during 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 company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.47 earnings per share. Research analysts predict that McDonald’s Co. will post 6.16 earnings per share for the current year.

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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