MainStreet Investment Advisors LLC Has $10.13 Million Stock Holdings in Mcdonald’s Corp (NYSE:MCD)

MainStreet Investment Advisors LLC lifted its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 10.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 61,280 shares of the fast-food giant’s stock after buying an additional 5,857 shares during the quarter. Mcdonald’s comprises about 1.2% of MainStreet Investment Advisors LLC’s portfolio, making the stock its 20th largest holding. MainStreet Investment Advisors LLC’s holdings in Mcdonald’s were worth $10,132,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Fiduciary Group LLC lifted its stake in shares of Mcdonald’s by 11.3% during the 1st quarter. Fiduciary Group LLC now owns 8,486 shares of the fast-food giant’s stock worth $1,403,000 after buying an additional 860 shares during the last quarter. Argent Trust Co lifted its stake in shares of Mcdonald’s by 7.6% during the 1st quarter. Argent Trust Co now owns 32,414 shares of the fast-food giant’s stock worth $5,360,000 after buying an additional 2,292 shares during the last quarter. Cardan Capital Partners LLC lifted its stake in shares of Mcdonald’s by 11.8% during the 1st quarter. Cardan Capital Partners LLC now owns 3,099 shares of the fast-food giant’s stock worth $512,000 after buying an additional 326 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Mcdonald’s by 4.9% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 352,334 shares of the fast-food giant’s stock worth $58,258,000 after buying an additional 16,591 shares during the last quarter. Finally, InterOcean Capital LLC raised its stake in Mcdonald’s by 665.2% in the 1st quarter. InterOcean Capital LLC now owns 80,288 shares of the fast-food giant’s stock worth $13,276,000 after purchasing an additional 69,795 shares in the last quarter. Institutional investors own 66.13% of the company’s stock.

MCD traded down $0.89 during trading on Friday, reaching $184.19. 1,914,564 shares of the company’s stock were exchanged, compared to its average volume of 4,223,133. Mcdonald’s Corp has a one year low of $124.23 and a one year high of $221.93. The stock has a market capitalization of $136.89 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 4.56 and a beta of 0.67. The firm has a fifty day moving average price of $178.80 and a two-hundred day moving average price of $192.46.

Mcdonald’s (NYSE:MCD) last posted its earnings results on Thursday, April 30th. The fast-food giant reported $1.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.59 by ($0.12). Mcdonald’s had a negative return on equity of 70.25% and a net margin of 27.86%. The business had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.66 billion. During the same period in the previous year, the firm earned $1.78 earnings per share. The company’s revenue was down 6.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Mcdonald’s Corp will post 5.5 earnings per share for the current year.

MCD has been the subject of several analyst reports. Wells Fargo & Co dropped their price objective on shares of Mcdonald’s from $213.00 to $209.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Longbow Research dropped their price objective on shares of Mcdonald’s from $230.00 to $197.00 and set a “buy” rating for the company in a research note on Friday, March 20th. SunTrust Banks lifted their price objective on shares of Mcdonald’s from $189.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Jefferies Financial Group lifted their price objective on shares of Mcdonald’s from $175.00 to $208.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Finally, Morgan Stanley lifted their price objective on shares of Mcdonald’s from $183.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Eight investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $207.48.

About Mcdonald’s

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

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Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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