Charles Schwab Trust Co Increases Stock Holdings in McDonald’s Co. (NYSE:MCD)


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Charles Schwab Trust Co increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 9.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,374 shares of the fast-food giant’s stock after buying an additional 200 shares during the quarter. Charles Schwab Trust Co’s holdings in McDonald’s were worth $535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in McDonald’s during the 4th quarter valued at about $1,616,206,000. Healthcare of Ontario Pension Plan Trust Fund grew its stake in McDonald’s by 120.0% during the 4th 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. grew its stake in McDonald’s by 36.1% during the 4th 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 grew its stake in McDonald’s by 7.5% during the 4th 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. grew its stake in McDonald’s by 7.9% during the 4th 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. Hedge funds and other institutional investors own 66.25% of the company’s stock.

Shares of McDonald’s stock opened at $233.08 on Friday. The stock has a market capitalization of $173.90 billion, a P/E ratio of 35.58, a PEG ratio of 3.17 and a beta of 0.58. McDonald’s Co. has a 12 month low of $167.85 and a 12 month high of $232.81. The business has a 50 day simple moving average of $220.12 and a two-hundred day simple moving average of $216.63.

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

The business also recently announced a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, March 1st were given a $1.29 dividend. The ex-dividend date was Friday, February 26th. This represents a $5.16 dividend on an annualized basis and a yield of 2.21%. McDonald’s’s payout ratio is 65.82%.

Several equities analysts have recently issued reports on MCD shares. Oppenheimer raised McDonald’s from a “market perform” rating to an “outperform” rating and set a $240.00 price objective for the company in a report on Thursday, January 7th. Wells Fargo & Company raised McDonald’s to an “overweight” rating in a report on Monday, February 22nd. Atlantic Securities started coverage on McDonald’s in a report on Tuesday, April 13th. They issued a “neutral” rating and a $237.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on McDonald’s from $215.00 to $245.00 and gave the company an “overweight” rating in a report on Monday, April 12th. They noted that the move was a valuation call. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $265.00 price objective on shares of McDonald’s in a report on Monday, April 12th. 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 has an average rating of “Buy” and an average price target of $237.30.

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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