McDonald’s Co. (NYSE:MCD) Position Raised by Meeder Asset Management Inc.


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Meeder Asset Management Inc. raised its stake in McDonald’s Co. (NYSE:MCD) by 778.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 66,540 shares of the fast-food giant’s stock after buying an additional 58,961 shares during the quarter. McDonald’s makes up about 0.8% of Meeder Asset Management Inc.’s investment portfolio, making the stock its 24th largest holding. Meeder Asset Management Inc.’s holdings in McDonald’s were worth $14,914,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC increased its holdings in shares of McDonald’s by 15.3% during the first quarter. Regent Peak Wealth Advisors LLC now owns 9,479 shares of the fast-food giant’s stock valued at $2,124,000 after purchasing an additional 1,257 shares during the period. NN Investment Partners Holdings N.V. increased its holdings in shares of McDonald’s by 14.4% during the first quarter. NN Investment Partners Holdings N.V. now owns 243,594 shares of the fast-food giant’s stock valued at $54,599,000 after purchasing an additional 30,732 shares during the period. Newfound Research LLC increased its holdings in shares of McDonald’s by 33.6% during the first quarter. Newfound Research LLC now owns 362 shares of the fast-food giant’s stock valued at $81,000 after purchasing an additional 91 shares during the period. JustInvest LLC increased its holdings in shares of McDonald’s by 40.5% during the first quarter. JustInvest LLC now owns 11,239 shares of the fast-food giant’s stock valued at $2,519,000 after purchasing an additional 3,240 shares during the period. Finally, Spearhead Capital Advisors LLC increased its holdings in shares of McDonald’s by 26.7% during the first quarter. Spearhead Capital Advisors LLC now owns 39,064 shares of the fast-food giant’s stock valued at $8,756,000 after purchasing an additional 8,241 shares during the period. Institutional investors own 66.25% of the company’s stock.

A number of research analysts have recently commented on MCD shares. KeyCorp raised their price target on McDonald’s from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Friday. Atlantic Securities started coverage on McDonald’s in a report on Tuesday, April 13th. They set a “neutral” rating and a $237.00 target price on the stock. Stephens lifted their target price on McDonald’s from $225.00 to $232.00 and gave the stock an “equal weight” rating in a report on Thursday, January 7th. Telsey Advisory Group lifted their target price on McDonald’s from $250.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, The Goldman Sachs Group began coverage on McDonald’s in a report on Tuesday, January 19th. They set a “buy” rating and a $237.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $242.37.

Shares of MCD traded down $0.89 during trading hours on Tuesday, reaching $234.67. 45,042 shares of the company traded hands, compared to its average volume of 3,139,888. The stock’s fifty day moving average is $228.71 and its 200 day moving average is $217.45. The stock has a market cap of $175.09 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 Co. has a 1-year low of $167.85 and a 1-year high of $238.18.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, April 29th. The fast-food giant reported $1.92 EPS for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.11. The business had revenue of $5.12 billion during the quarter, compared to analyst estimates of $5.02 billion. McDonald’s had a net margin of 25.60% and a negative return on equity of 53.62%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.47 earnings per share. Sell-side analysts predict that McDonald’s Co. will post 6.16 EPS for the current fiscal 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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