Trust Co. of Toledo NA OH reduced its holdings in McDonald’s Co. (NYSE:MCD) by 1.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,689 shares of the fast-food giant’s stock after selling 513 shares during the quarter. McDonald’s comprises 1.2% of Trust Co. of Toledo NA OH’s investment portfolio, making the stock its 19th largest position. Trust Co. of Toledo NA OH’s holdings in McDonald’s were worth $6,655,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of MCD. Clark Financial Advisors bought a new stake in shares of McDonald’s in the 4th quarter worth approximately $25,000. Catalyst Private Wealth LLC purchased a new position in shares of McDonald’s in the 3rd quarter valued at approximately $27,000. DB Wealth Management Group LLC purchased a new position in shares of McDonald’s in the 4th quarter valued at approximately $28,000. MBM Wealth Consultants LLC purchased a new position in shares of McDonald’s in the 4th quarter valued at approximately $30,000. Finally, McCarthy Asset Management Inc. purchased a new position in shares of McDonald’s in the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 66.25% of the company’s stock.
A number of research analysts have issued reports on MCD shares. 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. Oppenheimer upgraded McDonald’s from a “market perform” rating to an “outperform” rating and set a $240.00 price objective for the company in a research note on Thursday, January 7th. Stephens lifted their price objective on McDonald’s from $225.00 to $232.00 and gave the company an “equal weight” rating in a research note on Thursday, January 7th. Robert W. Baird reiterated a “buy” rating on shares of McDonald’s in a research note on Sunday, February 21st. Finally, Wells Fargo & Company upgraded McDonald’s to an “overweight” rating in a research note on Monday, February 22nd. Eight analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $232.70.
Shares of MCD traded down $1.96 during mid-day trading on Thursday, reaching $230.65. 75,958 shares of the company’s stock traded hands, compared to its average volume of 3,339,065. The stock has a market cap of $171.97 billion, a P/E ratio of 35.51, a P/E/G ratio of 3.17 and a beta of 0.58. The stock’s 50-day moving average is $216.84 and its two-hundred day moving average is $216.02. McDonald’s Co. has a 12 month low of $167.85 and a 12 month high of $232.81.
McDonald’s (NYSE:MCD) last released its earnings results on Wednesday, January 27th. The fast-food giant reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.07). The business had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.35 billion. McDonald’s had a net margin of 25.60% and a negative return on equity of 53.62%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.97 EPS. As a group, equities research analysts forecast that McDonald’s Co. will post 6.16 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Monday, March 1st were paid a dividend of $1.29 per share. The ex-dividend date was Friday, February 26th. This represents a $5.16 dividend on an annualized basis and a dividend yield of 2.24%. McDonald’s’s dividend payout ratio is 65.82%.
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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