Blue Edge Capital LLC Invests $207,000 in McDonald’s Co. (NYSE:MCD)

Blue Edge Capital LLC purchased a new stake in McDonald’s Co. (NYSE:MCD) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 925 shares of the fast-food giant’s stock, valued at approximately $207,000.

Other hedge funds also recently modified their holdings of the company. Emerson Wealth Management LLC acquired a new position in McDonald’s in the 1st quarter valued at about $26,000. DB Wealth Management Group LLC acquired a new position in McDonald’s in the 4th quarter valued at about $28,000. MBM Wealth Consultants LLC acquired a new position in McDonald’s in the 4th quarter valued at about $30,000. Horan Securities Inc. increased its position in McDonald’s by 47.3% in the 4th quarter. Horan Securities Inc. now owns 162 shares of the fast-food giant’s stock valued at $35,000 after acquiring an additional 52 shares during the period. Finally, Goodwin Investment Advisory acquired a new position in McDonald’s in the 1st quarter valued at about $38,000. Hedge funds and other institutional investors own 66.47% of the company’s stock.

Shares of McDonald’s stock traded up $2.66 during trading on Friday, hitting $237.25. 41,252 shares of the company were exchanged, compared to its average volume of 2,970,471. McDonald’s Co. has a fifty-two week low of $178.88 and a fifty-two week high of $238.18. The stock has a market cap of $177.03 billion, a PE ratio of 34.05, a price-to-earnings-growth ratio of 3.11 and a beta of 0.63. The stock has a 50 day moving average of $232.54.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Thursday, April 29th. The fast-food giant reported $1.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.11. The company had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $5.02 billion. McDonald’s had a negative return on equity of 59.01% and a net margin of 26.31%. McDonald’s’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.47 EPS. As a group, analysts anticipate that McDonald’s Co. will post 8.59 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 15th. Shareholders of record on Tuesday, June 1st will be issued a $1.29 dividend. The ex-dividend date is Friday, May 28th. This represents a $5.16 annualized dividend and a yield of 2.17%. McDonald’s’s dividend payout ratio (DPR) is presently 85.29%.

Several brokerages recently issued reports on MCD. Stifel Nicolaus boosted their price target on McDonald’s from $225.00 to $240.00 and gave the company a “hold” rating in a research report on Monday, April 26th. Cowen lifted their price objective on McDonald’s from $250.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, April 15th. Deutsche Bank Aktiengesellschaft raised McDonald’s from a “hold” rating to a “buy” rating and set a $244.00 price objective on the stock in a report on Wednesday, March 17th. KeyCorp lifted their price objective on McDonald’s from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, April 30th. Finally, Telsey Advisory Group lifted their price objective on McDonald’s from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, May 4th. Eight equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. McDonald’s has a consensus rating of “Buy” and an average price target of $244.80.

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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Institutional Ownership by Quarter for McDonald`s (NYSE:MCD)

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