AMG National Trust Bank held its stake in shares of McDonald’s Corporation (NYSE:MCD) during the first quarter, Holdings Channel reports. The fund owned 8,490 shares of the fast-food giant’s stock at the end of the first quarter. AMG National Trust Bank’s holdings in McDonald’s Corporation were worth $1,100,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Vigilant Capital Management LLC raised its stake in shares of McDonald’s Corporation by 9.4% in the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock worth $127,000 after buying an additional 84 shares in the last quarter. Zions Bancorporation raised its stake in shares of McDonald’s Corporation by 0.6% in the fourth quarter. Zions Bancorporation now owns 1,069 shares of the fast-food giant’s stock worth $130,000 after buying an additional 6 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of McDonald’s Corporation during the fourth quarter worth $131,000. D Orazio & Associates Inc. raised its stake in shares of McDonald’s Corporation by 0.7% in the fourth quarter. D Orazio & Associates Inc. now owns 1,090 shares of the fast-food giant’s stock worth $133,000 after buying an additional 8 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in shares of McDonald’s Corporation during the first quarter worth $146,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.
McDonald’s Corporation (NYSE:MCD) opened at 153.92 on Friday. The stock has a 50 day moving average price of $153.30 and a 200-day moving average price of $136.92. The company has a market cap of $125.46 billion, a price-to-earnings ratio of 27.17 and a beta of 0.70. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $156.75.
McDonald’s Corporation (NYSE:MCD) last posted its quarterly earnings data on Tuesday, April 25th. The fast-food giant reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.14. McDonald’s Corporation had a negative return on equity of 387.22% and a net margin of 19.58%. The company had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.53 billion. During the same period in the previous year, the firm posted $1.23 EPS. McDonald’s Corporation’s revenue was down 3.9% compared to the same quarter last year. On average, equities research analysts forecast that McDonald’s Corporation will post $6.41 EPS for the current year.
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A number of brokerages have recently weighed in on MCD. BTIG Research lifted their price objective on McDonald’s Corporation from $137.00 to $156.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Wells Fargo & Company upgraded McDonald’s Corporation from a “market perform” rating to an “outperform” rating and cut their price objective for the stock from $131.70 to $130.76 in a research report on Monday, April 17th. They noted that the move was a valuation call. Deutsche Bank AG reiterated a “buy” rating and issued a $155.00 price objective on shares of McDonald’s Corporation in a research report on Wednesday, April 26th. UBS AG set a $143.00 price objective on McDonald’s Corporation and gave the stock a “neutral” rating in a research report on Wednesday, April 26th. Finally, Morgan Stanley set a $150.00 price objective on McDonald’s Corporation and gave the stock a “neutral” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-three have issued a buy rating to the stock. McDonald’s Corporation has an average rating of “Buy” and an average price target of $156.08.
In related news, VP James R. Sappington sold 13,912 shares of McDonald’s Corporation stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $141.39, for a total value of $1,967,017.68. Following the sale, the vice president now directly owns 14,608 shares in the company, valued at approximately $2,065,425.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.24% of the company’s stock.
McDonald’s Corporation Company Profile
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.
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