McDonald’s Co. (NYSE:MCD) Shares Acquired by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp raised its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,400 shares of the fast-food giant’s stock after purchasing an additional 424 shares during the quarter. McDonald’s comprises 1.0% of Atlantic Union Bankshares Corp’s holdings, making the stock its 25th biggest position. Atlantic Union Bankshares Corp’s holdings in McDonald’s were worth $9,728,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of MCD. Norges Bank acquired a new position in McDonald’s during the 4th quarter valued at approximately $1,616,206,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in McDonald’s by 120.0% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,022,688 shares of the fast-food giant’s stock valued at $219,448,000 after purchasing an additional 557,891 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its stake in McDonald’s by 36.1% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,522,335 shares of the fast-food giant’s stock valued at $326,661,000 after purchasing an additional 404,133 shares in the last quarter. Nuveen Asset Management LLC increased its stake in McDonald’s by 7.5% during the 4th quarter. Nuveen Asset Management LLC now owns 5,762,077 shares of the fast-food giant’s stock valued at $1,236,427,000 after purchasing an additional 401,671 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of McDonald’s by 7.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,703,214 shares of the fast-food giant’s stock worth $1,009,212,000 after acquiring an additional 344,384 shares during the period. Institutional investors and hedge funds own 66.25% of the company’s stock.

Shares of McDonald’s stock traded up $2.03 during trading hours on Friday, hitting $231.80. The company had a trading volume of 30,874 shares, compared to its average volume of 3,065,740. The company’s 50-day moving average is $231.24 and its two-hundred day moving average is $217.73. McDonald’s Co. has a twelve month low of $167.85 and a twelve month high of $238.18. The company has a market cap of $172.96 billion, a P/E ratio of 35.28, a price-to-earnings-growth ratio of 3.17 and a beta of 0.58.

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

A number of research firms have recently weighed in on MCD. Evercore ISI reiterated a “buy” rating on shares of McDonald’s in a research note on Monday, May 3rd. Telsey Advisory Group increased their price target on shares of McDonald’s from $250.00 to $260.00 and gave the stock an “outperform” rating in a report on Monday. Cowen increased their price target on shares of McDonald’s from $250.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, April 21st. Argus increased their price objective on shares of McDonald’s from $245.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, May 6th. Finally, Deutsche Bank Aktiengesellschaft raised shares of McDonald’s from a “hold” rating to a “buy” rating and set a $244.00 price objective on the stock in a report on Tuesday, March 23rd. Eight equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. McDonald’s presently has an average rating of “Buy” and an average target price of $242.37.

About McDonald’s

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.

Further Reading: Fundamental Analysis and Individual Investors

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

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