Community Bank & Trust Waco Texas Has $5.48 Million Holdings in McDonald’s Co. (NYSE:MCD)

Community Bank & Trust Waco Texas cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 3.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,435 shares of the fast-food giant’s stock after selling 855 shares during the quarter. McDonald’s accounts for about 1.9% of Community Bank & Trust Waco Texas’ investment portfolio, making the stock its 12th largest holding. Community Bank & Trust Waco Texas’ holdings in McDonald’s were worth $5,477,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Crescent Capital Consulting LLC purchased a new stake in shares of McDonald’s during the 4th quarter worth about $847,000. Appleton Partners Inc. MA raised its stake in shares of McDonald’s by 17.9% in the 4th quarter. Appleton Partners Inc. MA now owns 22,615 shares of the fast-food giant’s stock valued at $4,853,000 after acquiring an additional 3,433 shares in the last quarter. Lenox Wealth Advisors LLC raised its stake in shares of McDonald’s by 55.0% in the 4th quarter. Lenox Wealth Advisors LLC now owns 327 shares of the fast-food giant’s stock valued at $70,000 after acquiring an additional 116 shares in the last quarter. Hurlow Wealth Management Group Inc. raised its stake in shares of McDonald’s by 10.6% in the 4th quarter. Hurlow Wealth Management Group Inc. now owns 3,176 shares of the fast-food giant’s stock valued at $682,000 after acquiring an additional 305 shares in the last quarter. Finally, Ritholtz Wealth Management raised its stake in shares of McDonald’s by 13.9% in the 4th quarter. Ritholtz Wealth Management now owns 4,293 shares of the fast-food giant’s stock valued at $921,000 after acquiring an additional 525 shares in the last quarter. Hedge funds and other institutional investors own 66.25% of the company’s stock.

A number of brokerages recently weighed in on MCD. Stifel Nicolaus raised their price objective on McDonald’s from $225.00 to $240.00 and gave the company a “hold” rating in a research note on Monday, April 26th. KeyCorp lifted their price target on McDonald’s from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Thursday, May 6th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $265.00 price target on shares of McDonald’s in a research report on Monday, April 12th. Piper Sandler lifted their price target 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, Morgan Stanley lifted their price target on McDonald’s from $250.00 to $259.00 and gave the stock an “overweight” rating in a research report on Thursday, May 6th. Eight analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $242.37.

Shares of MCD stock traded down $0.06 on Monday, reaching $231.66. 6,123 shares of the stock were exchanged, compared to its average volume of 3,020,759. The stock has a market cap of $172.86 billion, a PE ratio of 35.38, a P/E/G ratio of 3.17 and a beta of 0.58. McDonald’s Co. has a one year low of $178.07 and a one year high of $238.18. The stock has a 50 day moving average price of $231.36 and a 200 day moving average price of $217.76.

McDonald’s (NYSE:MCD) last released its earnings results on Thursday, April 29th. The fast-food giant reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.11. The company had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $5.02 billion. McDonald’s had a negative return on equity of 53.62% and a net margin of 25.60%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.47 earnings per share. As a group, analysts anticipate that McDonald’s Co. will post 6.16 earnings per share for the current year.

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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