The Vanguard Group, Inc. has recently announced that it has increased stake in McDonald’s Corp (NYSE:MCD) by 0.37%. After grabbing 65.29 million shares, the institutional investor is now in possession of 0.24 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 8.96% having worth around $17.12 billion. Moreover, BlackRock Fund Advisors increased its share by 0.1 million to have a control over 34.92 million shares. And Geode Capital Management LLC raised its holdings to 0.34 million shares by acquiring 14.57 million shares or 2.00% of the stake.
McDonald’s Corp (MCD) concluded trading on 12/14/23 at a closing price of $290.02, with 4.63 million shares of worth about $1.34 billion changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.89% during that period and on Thursday the price saw a loss of about -2.00%. Currently the company’s common shares owned by public are about 744.80M shares, out of which, 724.11M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 83 times over the past 12 months. They bought 150,404 shares in 45 of the transactions. In 38 selling transactions, insiders dumped 118,393 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Government Pension Fund – Global are the top 3 mutual funds which are holding stakes in McDonald’s Corp Vanguard Total Stock Market ETF is currently holding 22.81 million shares of worth totaling $5.98 billion. The company recently came buying 95960.0 shares which brought its stake up to 3.13% of the company’s outstanding shares. Vanguard 500 Index Fund bought 83184.0 shares, after which its hold over company’s outstanding shares expand to 2.42%, leaving 17.6 million shares with the mutual fund that have a worth of about $4.61 billion. Government Pension Fund – Global, after buying 8.71 million shares, have now control over 1.20% of the stake in the company. It holds 1.2 million shares of worth $2.28 billion.
However, the stock later moved at a day high price of 295.27, or with a loss of -2.00%. Stock saw a price change of 1.13% in past 5 days and over the past one month there was a price change of 6.83%. Year-to-date (YTD), MCD shares are showing a performance of 10.05% which increased to 5.74% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $245.73 but also hit the highest price of $299.35 during that period. The average intraday trading volume for McDonald’s Corp shares is 3.15 million. The stock is currently trading 2.36% above its 20-day simple moving average (SMA20), while that difference is up 8.02% for SMA50 and it goes to 3.37% higher than SMA200.
The Vanguard Group, Inc. acquired 65.29 million shares of McDonald’s Corp having value of about $17.12 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.24 million shares in the company valued at close to $68919482.74, or have control over 0.37% stake in the company. McDonald’s Corp (NYSE: MCD) currently have 744.80M outstanding shares and institutions hold larger chunk of about 70.21% of that. Holding of mutual funds in the company is about 34.59% while other institutional holders and individual stake holders have control over 35.73% and 0.41% of the stake respectively.
The stock has a current market capitalization of $210.36B and its 3Y-monthly beta is at 0.71. PE ratio of stock for trailing 12 months is 25.55, while it has posted earnings per share of $11.35 in the same period. Its PEG reads 2.62 and has Quick Ratio of 1.70. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MCD, volatility over the week remained 1.49% while standing at 1.20% over the month.
Analysts are in expectations that McDonald’s Corp (MCD) stock would likely to be making an EPS of $MEDIFAST INC in the current quarter, while forecast for next quarter EPS is $70.29 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $McKesson Corporation which is $Moody’s Corporation at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Modine Manufacturing Company in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 16.77% while it is estimated to increase by 6.19% in next year. EPS is likely to grow at an annualized rate of 9.74% for next 5-years, compared to annual growth of 5.52% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by DZ Bank on October 31, 2023 offering a Buy rating for the stock and assigned a target price of $300 to it.
