US Bancorp DE Sells 11,683 Shares of McDonald’s Co. (NYSE:MCD)


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US Bancorp DE reduced its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 1,087,351 shares of the fast-food giant’s stock after selling 11,683 shares during the quarter. US Bancorp DE’s holdings in McDonald’s were worth $243,719,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Emerson Wealth Management LLC bought a new position in shares of McDonald’s during the 1st quarter worth approximately $26,000. Clark Financial Advisors bought a new position in shares of McDonald’s during the 4th quarter worth approximately $25,000. DB Wealth Management Group LLC bought a new position in shares of McDonald’s during the 4th quarter worth approximately $28,000. MBM Wealth Consultants LLC bought a new position in shares of McDonald’s during the 4th quarter worth approximately $30,000. Finally, McCarthy Asset Management Inc. bought a new stake in McDonald’s in the 4th quarter valued at $31,000. Institutional investors own 66.25% of the company’s stock.

Several analysts recently issued reports on MCD shares. Oppenheimer upgraded McDonald’s from a “market perform” rating to an “outperform” rating and set a $240.00 price target for the company in a research note on Thursday, January 7th. Zacks Investment Research upgraded McDonald’s from a “sell” rating to a “hold” rating and set a $218.00 price target for the company in a research note on Tuesday, February 2nd. UBS Group lifted their price objective on McDonald’s from $240.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, April 22nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $265.00 price objective on shares of McDonald’s in a report on Monday, April 12th. Finally, 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. Eight analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $242.37.

MCD stock traded down $0.57 during trading on Tuesday, reaching $234.99. 19,770 shares of the stock were exchanged, compared to its average volume of 3,139,888. The firm’s 50 day moving average is $228.71 and its 200 day moving average is $217.45. McDonald’s Co. has a twelve month low of $167.85 and a twelve month high of $238.18. The firm has a market cap of $175.33 billion, a P/E ratio of 35.96, a price-to-earnings-growth ratio of 3.17 and a beta of 0.58.

McDonald’s (NYSE:MCD) last posted its quarterly 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. McDonald’s had a negative return on equity of 53.62% and a net margin of 25.60%. The business had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same period in the prior year, the business earned $1.47 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, sell-side analysts predict that McDonald’s Co. will post 6.16 EPS for the current year.

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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