Lindbrook Capital LLC Boosts Stock Position in McDonald’s Co. (NYSE:MCD)


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Lindbrook Capital LLC increased its holdings in McDonald’s Co. (NYSE:MCD) by 3.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,517 shares of the fast-food giant’s stock after acquiring an additional 55 shares during the period. Lindbrook Capital LLC’s holdings in McDonald’s were worth $340,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Clark Financial Advisors purchased a new position in McDonald’s in the fourth quarter worth approximately $25,000. Emerson Wealth Management LLC purchased a new position in McDonald’s in the first quarter worth approximately $26,000. DB Wealth Management Group LLC purchased a new position in McDonald’s in the fourth quarter worth approximately $28,000. MBM Wealth Consultants LLC acquired a new position in McDonald’s during the fourth quarter worth $30,000. Finally, McCarthy Asset Management Inc. acquired a new position in McDonald’s during the fourth quarter worth $31,000. Institutional investors own 66.25% of the company’s stock.

MCD stock opened at $234.87 on Tuesday. 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 $175.24 billion, a PE ratio of 35.96, a P/E/G ratio of 3.17 and a beta of 0.58. The firm has a 50 day simple moving average of $228.71 and a 200 day simple moving average of $217.45.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Thursday, April 29th. The fast-food giant reported $1.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter in the prior year, the firm earned $1.47 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. Equities analysts forecast that McDonald’s Co. will post 6.16 earnings per share for the current year.

Several brokerages have recently issued reports on MCD. Jefferies Financial Group reiterated a “buy” rating and issued a $265.00 price objective on shares of McDonald’s in a research note on Monday, April 12th. Wells Fargo & Company upgraded McDonald’s to an “overweight” rating in a research note on Monday, February 22nd. Robert W. Baird reiterated a “buy” rating on shares of McDonald’s in a research note on Sunday, February 21st. Atlantic Securities started coverage on McDonald’s in a research note on Tuesday, April 13th. They issued a “neutral” rating and a $237.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price target on McDonald’s from $215.00 to $245.00 and gave the company an “overweight” rating in a research note on Monday, April 19th. Eight investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $242.37.

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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