Founders Capital Management LLC Invests $224,000 in McDonald’s Co. (NYSE:MCD)


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Founders Capital Management LLC acquired a new stake in shares of McDonald’s Co. (NYSE:MCD) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,000 shares of the fast-food giant’s stock, valued at approximately $224,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Old Port Advisors lifted its holdings in shares of McDonald’s by 4.4% in the 4th quarter. Old Port Advisors now owns 1,129 shares of the fast-food giant’s stock worth $237,000 after purchasing an additional 48 shares during the last quarter. Pure Financial Advisors Inc. raised its stake in McDonald’s by 2.7% during the 4th quarter. Pure Financial Advisors Inc. now owns 1,809 shares of the fast-food giant’s stock valued at $388,000 after acquiring an additional 48 shares in the last quarter. Youngs Advisory Group Inc. grew its stake in shares of McDonald’s by 3.9% in the fourth quarter. Youngs Advisory Group Inc. now owns 1,285 shares of the fast-food giant’s stock worth $276,000 after purchasing an additional 48 shares in the last quarter. Cahill Financial Advisors Inc. lifted its holdings in McDonald’s by 1.8% in the fourth quarter. Cahill Financial Advisors Inc. now owns 2,667 shares of the fast-food giant’s stock worth $572,000 after purchasing an additional 48 shares during the period. Finally, Pacific Wealth Strategies Group Inc. raised its position in shares of McDonald’s by 1.3% during the 4th quarter. Pacific Wealth Strategies Group Inc. now owns 3,935 shares of the fast-food giant’s stock worth $849,000 after buying an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 66.25% of the company’s stock.

Shares of MCD stock traded down $0.33 on Tuesday, hitting $230.63. 25,729 shares of the stock were exchanged, compared to its average volume of 3,306,379. McDonald’s Co. has a one year low of $167.85 and a one year high of $232.81. The firm’s 50 day moving average is $218.62 and its two-hundred day moving average is $216.39. The firm has a market capitalization of $171.95 billion, a PE ratio of 35.26, a P/E/G ratio of 3.17 and a beta of 0.58.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, January 27th. The fast-food giant reported $1.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.77 by ($0.07). McDonald’s had a negative return on equity of 53.62% and a net margin of 25.60%. The company had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter last year, the company posted $1.97 earnings per share. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. Sell-side analysts expect that McDonald’s Co. will post 6.16 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Monday, March 1st were given a $1.29 dividend. The ex-dividend date was Friday, February 26th. This represents a $5.16 annualized dividend and a yield of 2.24%. McDonald’s’s dividend payout ratio (DPR) is presently 65.82%.

MCD has been the topic of several research reports. Northcoast Research began coverage on shares of McDonald’s in a research report on Friday, December 18th. They issued a “buy” rating and a $266.00 price target on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell started coverage on McDonald’s in a report on Monday, January 4th. They issued a “neutral” rating and a $230.00 price target on the stock. Zacks Investment Research raised McDonald’s from a “sell” rating to a “hold” rating and set a $218.00 price objective for the company in a research note on Tuesday, February 2nd. Morgan Stanley boosted their price objective on McDonald’s from $248.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft raised shares of McDonald’s from a “hold” rating to a “buy” rating and set a $244.00 price objective for the company in a research note on Tuesday, March 23rd. Eight research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. McDonald’s has a consensus rating of “Buy” and a consensus target price of $235.66.

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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