Meristem Family Wealth LLC Reduces Position in McDonald’s Co. (NYSE:MCD)

Meristem Family Wealth LLC trimmed its stake in McDonald’s Co. (NYSE:MCD) by 44.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 997 shares of the fast-food giant’s stock after selling 789 shares during the period. Meristem Family Wealth LLC’s holdings in McDonald’s were worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in McDonald’s by 1.4% in the 1st quarter. BlackRock Inc. now owns 51,462,592 shares of the fast-food giant’s stock valued at $11,534,826,000 after buying an additional 714,829 shares during the period. Morgan Stanley boosted its position in McDonald’s by 0.7% in the 4th quarter. Morgan Stanley now owns 8,281,673 shares of the fast-food giant’s stock valued at $1,777,081,000 after buying an additional 54,685 shares during the period. Norges Bank purchased a new stake in McDonald’s in the 4th quarter valued at about $1,616,206,000. Magellan Asset Management Ltd boosted its position in McDonald’s by 4.9% in the 4th quarter. Magellan Asset Management Ltd now owns 6,032,349 shares of the fast-food giant’s stock valued at $1,294,422,000 after buying an additional 283,952 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in McDonald’s by 7.5% in 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 buying an additional 401,671 shares during the period. 66.47% of the stock is owned by institutional investors.

Several research firms have recently commented on MCD. Evercore ISI restated a “buy” rating on shares of McDonald’s in a report on Monday, May 3rd. UBS Group boosted their price target on shares of McDonald’s from $240.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, April 22nd. Robert W. Baird restated a “buy” rating on shares of McDonald’s in a report on Tuesday, June 1st. Deutsche Bank Aktiengesellschaft upgraded shares of McDonald’s from a “hold” rating to a “buy” rating and set a $244.00 price target for the company in a report on Wednesday, March 17th. Finally, Stifel Nicolaus boosted their price target on shares of McDonald’s from $225.00 to $240.00 and gave the company a “hold” rating in a report on Monday, April 26th. Eight analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $244.80.

MCD stock opened at $234.90 on Friday. The company has a fifty day simple moving average of $232.54. The stock has a market cap of $175.28 billion, a P/E ratio of 34.05, a P/E/G ratio of 3.11 and a beta of 0.63. McDonald’s Co. has a 12 month low of $178.88 and a 12 month high of $238.18.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Thursday, April 29th. The fast-food giant reported $1.92 EPS for the quarter, beating the consensus estimate of $1.81 by $0.11. McDonald’s had a net margin of 26.31% and a negative return on equity of 59.01%. The business had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same period in the prior year, the firm earned $1.47 EPS. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts predict that McDonald’s Co. will post 8.59 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Tuesday, June 1st will be issued a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Friday, May 28th. McDonald’s’s dividend payout ratio (DPR) is presently 85.29%.

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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