LVM Capital Management Ltd. MI Acquires 492 Shares of McDonald’s Co. (NYSE:MCD)

LVM Capital Management Ltd. MI boosted its holdings in shares of McDonald’s Co. (NYSE:MCDGet Rating) by 19.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 3,043 shares of the fast-food giant’s stock after purchasing an additional 492 shares during the quarter. LVM Capital Management Ltd. MI’s holdings in McDonald’s were worth $752,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Norges Bank bought a new stake in shares of McDonald’s in the 4th quarter worth approximately $2,060,325,000. BlackRock Inc. lifted its position in shares of McDonald’s by 4.5% in the 4th quarter. BlackRock Inc. now owns 52,918,755 shares of the fast-food giant’s stock worth $14,185,930,000 after acquiring an additional 2,294,758 shares during the period. State Street Corp lifted its position in shares of McDonald’s by 2.9% in the 4th quarter. State Street Corp now owns 36,973,382 shares of the fast-food giant’s stock worth $9,911,455,000 after acquiring an additional 1,033,751 shares during the period. 1832 Asset Management L.P. lifted its position in shares of McDonald’s by 47.8% in the 4th quarter. 1832 Asset Management L.P. now owns 2,791,623 shares of the fast-food giant’s stock worth $753,794,000 after acquiring an additional 903,057 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of McDonald’s by 99.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,754,981 shares of the fast-food giant’s stock worth $470,458,000 after acquiring an additional 876,075 shares during the period. Hedge funds and other institutional investors own 68.44% of the company’s stock.

In other McDonald’s news, insider Joseph M. Erlinger sold 5,892 shares of the stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $249.23, for a total value of $1,468,463.16. Following the transaction, the insider now directly owns 8,187 shares in the company, valued at approximately $2,040,446.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is currently owned by company insiders.

Shares of MCD opened at $243.06 on Thursday. The firm has a market capitalization of $179.76 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 3.05 and a beta of 0.57. The business’s fifty day moving average price is $245.54 and its two-hundred day moving average price is $250.03. McDonald’s Co. has a 52 week low of $217.68 and a 52 week high of $271.15.

McDonald’s (NYSE:MCDGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The fast-food giant reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.10. The firm had revenue of $5.67 billion for the quarter, compared to analyst estimates of $5.57 billion. McDonald’s had a negative return on equity of 131.20% and a net margin of 29.93%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the company earned $1.92 EPS. On average, equities analysts forecast that McDonald’s Co. will post 9.81 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 20th. Shareholders of record on Monday, June 6th were given a $1.38 dividend. The ex-dividend date of this dividend was Friday, June 3rd. This represents a $5.52 dividend on an annualized basis and a yield of 2.27%. McDonald’s’s payout ratio is 58.29%.

MCD has been the subject of a number of research reports. Morgan Stanley reduced their price objective on McDonald’s from $294.00 to $287.00 and set an “overweight” rating for the company in a research report on Thursday, March 17th. Northcoast Research downgraded McDonald’s from a “buy” rating to a “neutral” rating and set a $297.00 price objective for the company. in a research report on Thursday, March 10th. Truist Financial reduced their price objective on McDonald’s from $280.00 to $273.00 and set a “buy” rating for the company in a research report on Wednesday, May 25th. Barclays dropped their target price on McDonald’s from $300.00 to $289.00 and set an “overweight” rating for the company in a report on Thursday, June 9th. Finally, Citigroup increased their target price on McDonald’s from $270.00 to $273.00 in a report on Friday, April 29th. Six equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $281.15.

About McDonald’s (Get Rating)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

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

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