McDonald’s Co. (NYSE:MCD) Shares Bought by Alliance Wealth Advisors LLC


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Alliance Wealth Advisors LLC raised its holdings in McDonald’s Co. (NYSE:MCD) by 3.7% during the first quarter, HoldingsChannel.com reports. The firm owned 1,582 shares of the fast-food giant’s stock after buying an additional 57 shares during the period. Alliance Wealth Advisors LLC’s holdings in McDonald’s were worth $355,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Community Trust & Investment Co. raised its position in shares of McDonald’s by 62.2% during the 1st quarter. Community Trust & Investment Co. now owns 2,034 shares of the fast-food giant’s stock valued at $456,000 after acquiring an additional 780 shares in the last quarter. Secure Asset Management LLC raised its position in shares of McDonald’s by 37.4% during the 1st quarter. Secure Asset Management LLC now owns 2,903 shares of the fast-food giant’s stock valued at $651,000 after acquiring an additional 790 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA raised its position in shares of McDonald’s by 15.5% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 491 shares of the fast-food giant’s stock valued at $110,000 after acquiring an additional 66 shares in the last quarter. CVA Family Office LLC raised its position in shares of McDonald’s by 127.0% during the 1st quarter. CVA Family Office LLC now owns 858 shares of the fast-food giant’s stock valued at $192,000 after acquiring an additional 480 shares in the last quarter. Finally, AdvisorNet Financial Inc raised its position in shares of McDonald’s by 1.2% during the 1st quarter. AdvisorNet Financial Inc now owns 10,147 shares of the fast-food giant’s stock valued at $2,274,000 after acquiring an additional 123 shares in the last quarter. 66.25% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on MCD shares. Cowen upped their price target on McDonald’s from $250.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday. Zacks Investment Research upgraded McDonald’s from a “sell” rating to a “hold” rating and set a $218.00 price objective for the company in a research note on Tuesday, February 2nd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on McDonald’s in a research note on Monday, January 4th. They set a “neutral” rating and a $230.00 price objective for the company. Northcoast Research started coverage on McDonald’s in a research note on Friday, December 18th. They set a “buy” rating and a $266.00 price objective for the company. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $265.00 price target on shares of McDonald’s in a research note on Monday. Eight investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $237.30.

Shares of McDonald’s stock traded up $0.97 during trading on Friday, hitting $231.28. The stock had a trading volume of 2,063,107 shares, compared to its average volume of 3,261,937. McDonald’s Co. has a fifty-two week low of $167.85 and a fifty-two week high of $232.81. The firm has a market cap of $172.56 billion, a P/E ratio of 35.31, a PEG ratio of 3.17 and a beta of 0.58. The business has a fifty day moving average of $219.76 and a two-hundred day moving average of $216.58.

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). McDonald’s had a net margin of 25.60% and a negative return on equity of 53.62%. The company had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the prior year, the company earned $1.97 earnings per share. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, analysts predict that McDonald’s Co. will post 6.16 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Monday, March 1st were issued a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Friday, February 26th. McDonald’s’s dividend payout ratio is 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, 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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