Newfound Research LLC lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 33.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 362 shares of the fast-food giant’s stock after purchasing an additional 91 shares during the period. Newfound Research LLC’s holdings in McDonald’s were worth $81,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in McDonald’s during the fourth quarter worth about $1,616,206,000. Healthcare of Ontario Pension Plan Trust Fund lifted its position in 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 valued at $219,448,000 after purchasing an additional 557,891 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in 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 valued at $326,661,000 after purchasing an additional 404,133 shares during the last quarter. Nuveen Asset Management LLC lifted its position in 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 valued at $1,236,427,000 after purchasing an additional 401,671 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in 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 valued at $1,009,212,000 after purchasing an additional 344,384 shares during the last quarter. 66.25% of the stock is currently owned by institutional investors.

MCD traded down $0.70 during midday trading on Tuesday, hitting $234.86. 33,410 shares of the company traded hands, compared to its average volume of 3,139,888. The firm has a market capitalization of $175.23 billion, a PE ratio of 35.96, a price-to-earnings-growth ratio of 3.17 and a beta of 0.58. The company’s 50-day moving average is $228.71 and its 200 day moving average is $217.45. McDonald’s Co. has a 52 week low of $167.85 and a 52 week high of $238.18.

McDonald’s (NYSE:MCD) last posted its earnings results on Thursday, April 29th. The fast-food giant reported $1.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.11. The business had revenue of $5.12 billion for the quarter, compared to analysts’ expectations of $5.02 billion. McDonald’s had a net margin of 25.60% and a negative return on equity of 53.62%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.47 EPS. On average, analysts expect that McDonald’s Co. will post 6.16 EPS for the current year.

A number of equities research analysts have recently weighed in on the stock. KeyCorp boosted their price objective on shares of McDonald’s from $235.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley boosted their price objective on shares of McDonald’s from $250.00 to $259.00 and gave the stock an “overweight” rating in a report on Friday. Cowen boosted their price objective on shares of McDonald’s from $250.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, April 21st. Zacks Investment Research raised shares of McDonald’s from a “sell” rating to a “hold” rating and set a $218.00 target price on the stock in a research note on Tuesday, February 2nd. Finally, Wedbush lifted their target price on shares of McDonald’s from $255.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday. Eight investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price 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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