Crossmark Global Holdings Inc. lifted its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 143,818 shares of the fast-food giant’s stock after buying an additional 749 shares during the quarter. McDonald’s comprises approximately 0.8% of Crossmark Global Holdings Inc.’s investment portfolio, making the stock its 15th largest holding. Crossmark Global Holdings Inc.’s holdings in McDonald’s were worth $32,235,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in MCD. Schonfeld Strategic Advisors LLC grew its position in shares of McDonald’s by 33.9% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 27,239 shares of the fast-food giant’s stock worth $5,979,000 after buying an additional 6,893 shares during the period. IHT Wealth Management LLC lifted its holdings in shares of McDonald’s by 8.0% in the 3rd quarter. IHT Wealth Management LLC now owns 13,858 shares of the fast-food giant’s stock worth $3,042,000 after purchasing an additional 1,029 shares in the last quarter. Catalyst Private Wealth LLC bought a new position in shares of McDonald’s in the 3rd quarter worth $27,000. Chiron Capital Management LLC bought a new position in McDonald’s during the 3rd quarter valued at $158,000. Finally, Jeppson Wealth Management LLC bought a new position in McDonald’s during the 3rd quarter valued at $435,000. 66.25% of the stock is owned by institutional investors.
MCD stock opened at $233.08 on Monday. McDonald’s Co. has a fifty-two week low of $167.85 and a fifty-two week high of $234.26. The business’s 50-day moving average is $220.12 and its two-hundred day moving average is $216.63. The company has a market cap of $173.90 billion, a price-to-earnings ratio of 35.58, a P/E/G ratio of 3.17 and a beta of 0.58.
McDonald’s (NYSE:MCD) last posted its quarterly earnings data 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). McDonald’s had a negative return on equity of 53.62% and a net margin of 25.60%. The company had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same period last year, the business earned $1.97 EPS. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that McDonald’s Co. will post 6.16 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Monday, March 1st were paid a $1.29 dividend. This represents a $5.16 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Friday, February 26th. McDonald’s’s dividend payout ratio (DPR) is currently 65.82%.
MCD has been the topic of several recent analyst reports. Morgan Stanley raised their price objective on McDonald’s from $248.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, April 12th. Atlantic Securities started coverage on McDonald’s in a research note on Tuesday, April 13th. They set a “neutral” rating and a $237.00 price objective on the stock. UBS Group upgraded McDonald’s to a “buy” rating and lifted their target price for the stock from $240.00 to $255.00 in a research note on Friday. Deutsche Bank Aktiengesellschaft upgraded McDonald’s from a “hold” rating to a “buy” rating and set a $244.00 target price on the stock in a research note on Tuesday, March 23rd. Finally, Piper Sandler lifted their target price on McDonald’s from $209.00 to $225.00 and gave the company a “neutral” rating in a report on Monday, April 12th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $237.30.
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, 2020, the company operated 39,198 restaurants. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.
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