MainStreet Investment Advisors LLC Reduces Stock Holdings in McDonald’s Co. (NYSE:MCD)


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MainStreet Investment Advisors LLC lowered its position in McDonald’s Co. (NYSE:MCD) by 5.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 53,579 shares of the fast-food giant’s stock after selling 2,917 shares during the period. McDonald’s makes up 0.9% of MainStreet Investment Advisors LLC’s holdings, making the stock its 29th biggest position. MainStreet Investment Advisors LLC’s holdings in McDonald’s were worth $11,497,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. increased its position in McDonald’s by 0.3% during the 4th quarter. BlackRock Inc. now owns 50,747,763 shares of the fast-food giant’s stock worth $10,889,456,000 after purchasing an additional 145,251 shares in the last quarter. Magellan Asset Management Ltd increased its position in McDonald’s by 0.6% during the 3rd quarter. Magellan Asset Management Ltd now owns 5,748,397 shares of the fast-food giant’s stock worth $1,261,716,000 after purchasing an additional 34,270 shares in the last quarter. California Public Employees Retirement System increased its position in McDonald’s by 2.2% during the 4th quarter. California Public Employees Retirement System now owns 4,639,338 shares of the fast-food giant’s stock worth $995,509,000 after purchasing an additional 99,912 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in McDonald’s by 3.6% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 2,639,959 shares of the fast-food giant’s stock worth $579,445,000 after purchasing an additional 90,761 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in McDonald’s by 15.4% during the 4th quarter. Alliancebernstein L.P. now owns 2,179,567 shares of the fast-food giant’s stock worth $467,691,000 after purchasing an additional 290,746 shares in the last quarter. Institutional investors and hedge funds own 66.25% of the company’s stock.

A number of analysts recently commented on MCD shares. Northcoast Research started coverage on McDonald’s in a research report on Friday, December 18th. They set a “buy” rating and a $266.00 price objective for the company. Smith Barney Citigroup started coverage on McDonald’s in a research report on Monday, January 4th. They set a “neutral” rating and a $230.00 price objective for the company. KeyCorp lifted their price objective on McDonald’s from $225.00 to $235.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 10th. Zacks Investment Research raised McDonald’s from a “sell” rating to a “hold” rating and set a $218.00 price target on the stock in a research note on Tuesday, February 2nd. Finally, Oppenheimer raised McDonald’s from a “market perform” rating to an “outperform” rating and set a $240.00 price target on the stock in a research note on Thursday, January 7th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $232.07.

Shares of NYSE MCD traded up $0.21 during midday trading on Tuesday, hitting $212.27. The stock had a trading volume of 63,864 shares, compared to its average volume of 3,145,444. The company has a market capitalization of $158.16 billion, a price-to-earnings ratio of 32.78, a PEG ratio of 3.17 and a beta of 0.58. McDonald’s Co. has a 1-year low of $124.23 and a 1-year high of $231.91. The company has a fifty day moving average price of $212.05 and a 200 day moving average price of $215.01.

McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, January 27th. The fast-food giant reported $1.70 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.07). The company had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.35 billion. McDonald’s had a net margin of 25.60% and a negative return on equity of 53.62%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.97 earnings per share. On average, sell-side analysts anticipate that McDonald’s Co. will post 6.16 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 15th. Investors of record on Monday, March 1st will be issued a dividend of $1.29 per share. The ex-dividend date of this dividend is Friday, February 26th. This represents a $5.16 annualized dividend and a dividend yield of 2.43%. McDonald’s’s payout ratio is currently 65.82%.

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, 2019, the company operated 38,695 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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