Spearhead Capital Advisors LLC Increases Stock Position in McDonald’s Co. (NYSE:MCD)


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Spearhead Capital Advisors LLC raised its stake in shares of McDonald’s Co. (NYSE:MCD) by 26.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,064 shares of the fast-food giant’s stock after acquiring an additional 8,241 shares during the quarter. McDonald’s makes up 1.3% of Spearhead Capital Advisors LLC’s portfolio, making the stock its 29th biggest position. Spearhead Capital Advisors LLC’s holdings in McDonald’s were worth $8,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of MCD. Clark Financial Advisors bought a new position in McDonald’s during the 4th quarter valued at $25,000. Emerson Wealth Management LLC bought a new position in McDonald’s during the 1st quarter valued at $26,000. DB Wealth Management Group LLC bought a new position in McDonald’s during the 4th quarter valued at $28,000. MBM Wealth Consultants LLC acquired a new stake in shares of McDonald’s during the fourth quarter worth $30,000. Finally, McCarthy Asset Management Inc. acquired a new stake in shares of McDonald’s during the fourth quarter worth $31,000. Hedge funds and other institutional investors own 66.25% of the company’s stock.

A number of analysts recently weighed in on MCD shares. Robert W. Baird reaffirmed a “buy” rating on shares of McDonald’s in a report on Sunday, February 21st. Cowen increased their price objective on shares of McDonald’s from $250.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, April 21st. Piper Sandler increased their price objective on shares of McDonald’s from $209.00 to $225.00 and gave the stock a “neutral” rating in a report on Monday, April 19th. Jefferies Financial Group reissued a “buy” rating and set a $265.00 target price on shares of McDonald’s in a research note on Monday, April 12th. Finally, Atlantic Securities assumed coverage on shares of McDonald’s in a research note on Tuesday, April 13th. They set a “neutral” rating and a $237.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. McDonald’s has an average rating of “Buy” and a consensus price target of $242.37.

Shares of NYSE:MCD traded down $0.46 during trading on Tuesday, reaching $235.10. The stock had a trading volume of 23,839 shares, compared to its average volume of 3,139,888. McDonald’s Co. has a 52 week low of $167.85 and a 52 week high of $238.18. The firm has a market capitalization of $175.41 billion, a price-to-earnings ratio of 35.96, a P/E/G ratio of 3.17 and a beta of 0.58. The stock has a fifty day simple moving average of $228.71 and a two-hundred day simple moving average of $217.45.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Thursday, April 29th. The fast-food giant reported $1.92 EPS for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.11. McDonald’s had a net margin of 25.60% and a negative return on equity of 53.62%. The company had revenue of $5.12 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same quarter last year, the firm posted $1.47 earnings per share. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities analysts expect that McDonald’s Co. will post 6.16 earnings per share for the current fiscal year.

McDonald’s Company 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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