McDonald’s Corporation (MCD) Stake Boosted by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV increased its position in McDonald’s Corporation (NYSE:MCD) by 25.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,553 shares of the fast-food giant’s stock after buying an additional 10,790 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in McDonald’s Corporation were worth $6,811,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC bought a new stake in McDonald’s Corporation during the fourth quarter worth approximately $796,000. Menta Capital LLC bought a new stake in McDonald’s Corporation during the fourth quarter worth approximately $3,926,000. Tyers Asset Management LLC bought a new stake in McDonald’s Corporation during the fourth quarter worth approximately $4,451,000. Envestnet Asset Management Inc. increased its stake in McDonald’s Corporation by 10.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 263,140 shares of the fast-food giant’s stock worth $32,029,000 after buying an additional 25,450 shares during the period. Finally, Zurich Insurance Group Ltd FI increased its stake in McDonald’s Corporation by 21.1% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 135,024 shares of the fast-food giant’s stock worth $16,435,000 after buying an additional 23,547 shares during the period. Institutional investors own 67.60% of the company’s stock.

Shares of McDonald’s Corporation (NYSE MCD) opened at 153.92 on Friday. The firm has a 50-day moving average of $153.30 and a 200 day moving average of $136.92. The company has a market capitalization of $125.46 billion, a P/E ratio of 27.17 and a beta of 0.70. McDonald’s Corporation has a 52-week low of $110.33 and a 52-week high of $156.75.

McDonald’s Corporation (NYSE:MCD) last issued its quarterly earnings results on Tuesday, April 25th. The fast-food giant reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.14. The company had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.53 billion. McDonald’s Corporation had a net margin of 19.58% and a negative return on equity of 387.22%. The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period last year, the business earned $1.23 EPS. On average, analysts anticipate that McDonald’s Corporation will post $6.41 EPS for the current year.

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A number of analysts have commented on MCD shares. Credit Suisse Group restated an “outperform” rating and set a $137.00 price target on shares of McDonald’s Corporation in a research report on Monday, April 3rd. Cleveland Research upgraded shares of McDonald’s Corporation from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 11th. Wells Fargo & Company upgraded shares of McDonald’s Corporation from a “market perform” rating to an “outperform” rating and dropped their price target 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. Sanford C. Bernstein upgraded shares of McDonald’s Corporation from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $129.00 to $160.00 in a research report on Tuesday, April 18th. Finally, Vetr upgraded shares of McDonald’s Corporation from a “sell” rating to a “buy” rating and set a $145.38 target price on the stock in a report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $156.08.

In related news, VP James R. Sappington sold 13,912 shares of the firm’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $141.39, for a total value of $1,967,017.68. Following the completion of the transaction, the vice president now directly owns 14,608 shares of the company’s stock, valued at $2,065,425.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.24% of the stock is currently owned by company insiders.

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.