Illinois Municipal Retirement Fund Buys 900 Shares of McDonald’s Co. (NYSE:MCD)


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Illinois Municipal Retirement Fund boosted its stake in McDonald’s Co. (NYSE:MCD) by 10.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,365 shares of the fast-food giant’s stock after acquiring an additional 900 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in McDonald’s were worth $2,099,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Aull & Monroe Investment Management Corp lifted its stake in shares of McDonald’s by 0.9% in the 1st quarter. Aull & Monroe Investment Management Corp now owns 4,913 shares of the fast-food giant’s stock worth $1,101,000 after purchasing an additional 43 shares during the period. Harbor Investment Advisory LLC increased its holdings in McDonald’s by 0.8% in the 1st quarter. Harbor Investment Advisory LLC now owns 5,358 shares of the fast-food giant’s stock worth $1,201,000 after acquiring an additional 44 shares in the last quarter. Old Port Advisors increased its holdings in McDonald’s by 4.4% in the 4th quarter. Old Port Advisors now owns 1,129 shares of the fast-food giant’s stock worth $237,000 after acquiring an additional 48 shares in the last quarter. Pure Financial Advisors Inc. increased its holdings in McDonald’s by 2.7% in the 4th quarter. Pure Financial Advisors Inc. now owns 1,809 shares of the fast-food giant’s stock worth $388,000 after acquiring an additional 48 shares in the last quarter. Finally, Youngs Advisory Group Inc. increased its holdings in McDonald’s by 3.9% in the 4th quarter. Youngs Advisory Group Inc. now owns 1,285 shares of the fast-food giant’s stock worth $276,000 after acquiring an additional 48 shares in the last quarter. 66.25% of the stock is currently owned by institutional investors and hedge funds.

Shares of McDonald’s stock opened at $235.56 on Tuesday. The stock’s fifty day moving average price is $228.71 and its 200-day moving average price is $217.45. McDonald’s Co. has a 12 month low of $167.85 and a 12 month high of $238.18. The firm has a market cap of $175.75 billion, a P/E ratio of 35.96, a P/E/G ratio of 3.17 and a beta of 0.58.

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 consensus estimate of $1.81 by $0.11. McDonald’s had a negative return on equity of 53.62% and a net margin of 25.60%. The company had revenue of $5.12 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same quarter in the previous year, the firm earned $1.47 earnings per share. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, research analysts forecast that McDonald’s Co. will post 6.16 earnings per share for the current year.

MCD has been the subject of a number of research analyst reports. Evercore ISI reaffirmed a “buy” rating on shares of McDonald’s in a report on Monday. Jefferies Financial Group reaffirmed a “buy” rating and set a $265.00 price objective on shares of McDonald’s in a report on Monday, April 12th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on shares of McDonald’s in a report on Monday, January 4th. They set a “neutral” rating and a $230.00 price objective for the company. Credit Suisse Group increased their target price on McDonald’s from $238.00 to $261.00 and gave the company an “outperform” rating in a research report on Friday. Finally, UBS Group increased their target price on McDonald’s from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, April 22nd. Eight analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $242.03.

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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