Spearhead Capital Advisors LLC Has $8.76 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)


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Spearhead Capital Advisors LLC lifted its stake in shares of McDonald’s Co. (NYSE:MCD) by 26.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,064 shares of the fast-food giant’s stock after purchasing an additional 8,241 shares during the quarter. McDonald’s accounts for 1.3% of Spearhead Capital Advisors LLC’s holdings, making the stock its 29th biggest holding. Spearhead Capital Advisors LLC’s holdings in McDonald’s were worth $8,756,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Schonfeld Strategic Advisors LLC grew its holdings in shares of McDonald’s by 33.9% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 27,239 shares of the fast-food giant’s stock worth $5,979,000 after purchasing an additional 6,893 shares in the last quarter. Brinker Capital Investments LLC grew its holdings in shares of McDonald’s by 220.7% during the 3rd quarter. Brinker Capital Investments LLC now owns 15,068 shares of the fast-food giant’s stock worth $3,308,000 after purchasing an additional 10,370 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of McDonald’s by 35.5% during the 3rd quarter. Van ECK Associates Corp now owns 7,439 shares of the fast-food giant’s stock worth $1,633,000 after purchasing an additional 1,947 shares in the last quarter. Park National Corp OH grew its holdings in shares of McDonald’s by 23.6% during the 4th quarter. Park National Corp OH now owns 68,084 shares of the fast-food giant’s stock worth $14,609,000 after purchasing an additional 12,989 shares in the last quarter. Finally, Thomasville National Bank boosted its stake in McDonald’s by 1.1% in the fourth quarter. Thomasville National Bank now owns 23,210 shares of the fast-food giant’s stock valued at $4,980,000 after buying an additional 259 shares in the last quarter. 66.25% of the stock is currently owned by institutional investors.

McDonald’s stock traded down $0.46 during trading on Tuesday, hitting $235.10. The company had a trading volume of 23,839 shares, compared to its average volume of 3,139,888. The stock has a market cap of $175.41 billion, a price-to-earnings ratio of 35.96, a price-to-earnings-growth ratio of 3.17 and a beta of 0.58. The company’s 50 day simple moving average is $228.71 and its 200-day simple moving average is $217.45. McDonald’s Co. has a 1-year low of $167.85 and a 1-year high of $238.18.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Thursday, April 29th. The fast-food giant reported $1.92 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $5.12 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same period in the previous year, the business posted $1.47 earnings per share. McDonald’s’s quarterly revenue was up 8.7% on a year-over-year basis. On average, equities analysts anticipate that McDonald’s Co. will post 6.16 earnings per share for the current year.

Several research firms recently weighed in on MCD. Oppenheimer raised McDonald’s from a “market perform” rating to an “outperform” rating and set a $240.00 price objective on the stock in a research note on Thursday, January 7th. Robert W. Baird reiterated a “buy” rating on shares of McDonald’s in a report on Sunday, February 21st. Stifel Nicolaus boosted their price objective on McDonald’s from $225.00 to $240.00 and gave the company a “hold” rating in a report on Monday, April 26th. Piper Sandler boosted their price objective on McDonald’s from $209.00 to $225.00 and gave the stock a “neutral” rating in a research report on Monday, April 19th. Finally, Telsey Advisory Group boosted their target price on McDonald’s from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday. Eight equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $242.37.

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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