Opus Capital Group LLC Decreases Stake in McDonald’s Co. (NYSE:MCD)

Opus Capital Group LLC cut its holdings in McDonald’s Co. (NYSE:MCD) by 14.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,129 shares of the fast-food giant’s stock after selling 510 shares during the quarter. Opus Capital Group LLC’s holdings in McDonald’s were worth $701,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Spearhead Capital Advisors LLC boosted its stake in shares of McDonald’s by 26.7% in 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 buying an additional 8,241 shares in the last quarter. Raab & Moskowitz Asset Management LLC boosted its stake in shares of McDonald’s by 2.1% in the first quarter. Raab & Moskowitz Asset Management LLC now owns 6,642 shares of the fast-food giant’s stock valued at $1,488,000 after buying an additional 135 shares in the last quarter. Lindbrook Capital LLC boosted its stake in shares of McDonald’s by 3.8% in the first quarter. Lindbrook Capital LLC now owns 1,517 shares of the fast-food giant’s stock valued at $340,000 after buying an additional 55 shares in the last quarter. James Hambro & Partners purchased a new stake in shares of McDonald’s in the first quarter valued at approximately $954,000. Finally, Swarthmore Group Inc. purchased a new stake in shares of McDonald’s in the first quarter valued at approximately $264,000. Hedge funds and other institutional investors own 66.25% of the company’s stock.

MCD traded down $0.71 during trading hours on Tuesday, hitting $234.85. The company’s stock had a trading volume of 29,516 shares, compared to its average volume of 3,139,888. McDonald’s Co. has a fifty-two week low of $167.85 and a fifty-two week high of $238.18. The firm has a market capitalization of $175.22 billion, a PE ratio of 35.96, a PEG ratio of 3.17 and a beta of 0.58. The company has a 50-day simple moving average of $228.71 and a 200 day simple moving average of $217.45.

McDonald’s (NYSE:MCD) last posted its earnings results 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. The firm had revenue of $5.12 billion for the quarter, compared to analysts’ expectations of $5.02 billion. McDonald’s had a negative return on equity of 53.62% and a net margin of 25.60%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm earned $1.47 EPS. Equities analysts expect that McDonald’s Co. will post 6.16 earnings per share for the current year.

A number of analysts have commented on the company. Telsey Advisory Group boosted their target price on McDonald’s from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday. Wedbush boosted their target price on McDonald’s from $255.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday. UBS Group boosted their price target on McDonald’s from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, April 22nd. Cowen boosted their price target on McDonald’s from $250.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, April 21st. Finally, JPMorgan Chase & Co. upped their price target on McDonald’s from $215.00 to $245.00 and gave the stock an “overweight” rating in a research note on Monday, April 19th. Eight research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $242.37.

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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