McDonald’s Co. (NYSE:MCD) Shares Sold by Sterling Financial Planning Inc.


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Sterling Financial Planning Inc. trimmed its stake in shares of McDonald’s Co. (NYSE:MCD) by 14.4% in the first quarter, Holdings Channel reports. The fund owned 2,294 shares of the fast-food giant’s stock after selling 386 shares during the period. Sterling Financial Planning Inc.’s holdings in McDonald’s were worth $514,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of MCD. Norges Bank purchased a new position in McDonald’s in the 4th quarter valued at approximately $1,616,206,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of McDonald’s by 120.0% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,022,688 shares of the fast-food giant’s stock worth $219,448,000 after purchasing an additional 557,891 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of McDonald’s by 36.1% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,522,335 shares of the fast-food giant’s stock worth $326,661,000 after purchasing an additional 404,133 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of McDonald’s by 7.5% during the fourth quarter. Nuveen Asset Management LLC now owns 5,762,077 shares of the fast-food giant’s stock worth $1,236,427,000 after purchasing an additional 401,671 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of McDonald’s by 7.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,703,214 shares of the fast-food giant’s stock worth $1,009,212,000 after purchasing an additional 344,384 shares during the last quarter. 66.25% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE MCD traded down $0.43 during mid-day trading on Tuesday, hitting $235.13. 15,551 shares of the stock were exchanged, compared to its average volume of 3,139,888. The company has a market cap of $175.43 billion, a P/E ratio of 35.96, a PEG ratio of 3.17 and a beta of 0.58. The stock’s fifty day simple moving average is $228.71 and its two-hundred day simple moving average is $217.45. McDonald’s Co. has a twelve month low of $167.85 and a twelve month high of $238.18.

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. McDonald’s had a net margin of 25.60% and a negative return on equity of 53.62%. The business had revenue of $5.12 billion for the quarter, compared to analysts’ expectations of $5.02 billion. During the same period in the prior year, the firm earned $1.47 earnings per share. McDonald’s’s revenue was up 8.7% compared to the same quarter last year. Analysts forecast that McDonald’s Co. will post 6.16 EPS for the current year.

A number of brokerages have recently issued reports on MCD. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on McDonald’s in a research report on Monday, January 4th. They set a “neutral” rating and a $230.00 target price on the stock. Evercore ISI reiterated a “buy” rating on shares of McDonald’s in a research report on Monday. Cowen boosted their price objective on McDonald’s from $250.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 21st. Telsey Advisory Group boosted their price objective on McDonald’s from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Robert W. Baird restated a “buy” rating on shares of McDonald’s in a research report on Sunday, February 21st. Eight analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $242.37.

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, 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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