Modus Advisors LLC raised its holdings in McDonald’s Co. (NYSE:MCD) by 7.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 7,892 shares of the fast-food giant’s stock after buying an additional 553 shares during the quarter. Modus Advisors LLC’s holdings in McDonald’s were worth $1,769,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. JFS Wealth Advisors LLC boosted its position in shares of McDonald’s by 4.7% during the fourth quarter. JFS Wealth Advisors LLC now owns 9,896 shares of the fast-food giant’s stock valued at $2,124,000 after purchasing an additional 445 shares in the last quarter. Great Diamond Partners LLC boosted its position in shares of McDonald’s by 5.6% during the fourth quarter. Great Diamond Partners LLC now owns 12,322 shares of the fast-food giant’s stock valued at $2,641,000 after purchasing an additional 653 shares in the last quarter. Everett Harris & Co. CA raised its stake in McDonald’s by 1.5% during the fourth quarter. Everett Harris & Co. CA now owns 416,602 shares of the fast-food giant’s stock valued at $89,394,000 after buying an additional 6,166 shares during the last quarter. Maryland State Retirement & Pension System purchased a new position in McDonald’s during the fourth quarter valued at $2,467,000. Finally, Grant GrossMendelsohn LLC purchased a new position in McDonald’s during the fourth quarter valued at $1,405,000. Hedge funds and other institutional investors own 66.25% of the company’s stock.

A number of research analysts have issued reports on the company. UBS Group upgraded McDonald’s from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $230.00 to $240.00 in a research note on Monday, December 14th. Smith Barney Citigroup assumed coverage on McDonald’s in a research note on Monday, January 4th. They set a “neutral” rating and a $230.00 price objective for the company. Wedbush assumed coverage on McDonald’s in a research note on Monday, January 4th. They set an “outperform” rating and a $240.00 price objective for the company. Atlantic Securities assumed coverage on McDonald’s in a research note on Tuesday. They set a “neutral” rating and a $237.00 price objective for the company. Finally, Robert W. Baird reiterated a “buy” rating on shares of McDonald’s in a research note on Sunday, February 21st. Eight equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $232.70.

NYSE:MCD traded down $0.90 during mid-day trading on Thursday, hitting $231.71. 41,851 shares of the company traded hands, compared to its average volume of 3,339,065. The stock’s fifty day moving average price is $216.84 and its 200-day moving average price is $216.02. McDonald’s Co. has a one year low of $167.85 and a one year high of $232.81. The firm has a market cap of $172.76 billion, a price-to-earnings ratio of 35.51, a price-to-earnings-growth ratio of 3.17 and a beta of 0.58.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, January 27th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.77 by ($0.07). The company 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 business’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.97 EPS. As a group, equities research analysts expect that McDonald’s Co. will post 6.16 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Monday, March 1st were paid a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Friday, February 26th. McDonald’s’s dividend payout ratio (DPR) is 65.82%.

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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