Northeast Investment Management lowered its holdings in McDonald’s Corporation (NYSE:MCD – Free Report) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 74,254 shares of the fast-food giant’s stock after selling 2,102 shares during the quarter. Northeast Investment Management’s holdings in McDonald’s were worth $17,148,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in MCD. Legacy Wealth Managment LLC ID grew its stake in shares of McDonald’s by 11.0% during the first quarter. Legacy Wealth Managment LLC ID now owns 372 shares of the fast-food giant’s stock valued at $116,000 after purchasing an additional 37 shares during the last quarter. Millstone Evans Group LLC lifted its holdings in McDonald’s by 2.5% in the first quarter. Millstone Evans Group LLC now owns 1,532 shares of the fast-food giant’s stock valued at $476,000 after buying an additional 38 shares during the period. Signature Equity Partners LLC lifted its holdings in McDonald’s by 3.6% in the first quarter. Signature Equity Partners LLC now owns 1,087 shares of the fast-food giant’s stock valued at $338,000 after buying an additional 38 shares during the period. Harbor Investment Advisory LLC boosted its stake in McDonald’s by 1.0% in the second quarter. Harbor Investment Advisory LLC now owns 4,019 shares of the fast-food giant’s stock valued at $1,086,000 after acquiring an additional 38 shares during the last quarter. Finally, Parkwoods Wealth Partners LLC boosted its stake in McDonald’s by 4.5% in the second quarter. Parkwoods Wealth Partners LLC now owns 891 shares of the fast-food giant’s stock valued at $241,000 after acquiring an additional 38 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have commented on MCD. UBS Group reiterated a “buy” rating on shares of McDonald’s in a research report on Monday, October 19th. Royal Bank Of Canada reduced their price target on McDonald’s from $290.00 to $285.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 24th. DZ Bank reaffirmed a “buy” rating on shares of McDonald’s in a research note on Thursday, September 24th. JPMorgan Chase & Co. decreased their price objective on McDonald’s from $280.00 to $260.00 and set an “overweight” rating for the company in a research note on Thursday, September 24th. Finally, Seaport Research Partners initiated coverage on McDonald’s in a report on Wednesday, September 16th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $293.21.
Check Out Our Latest Report on MCD
McDonald’s Stock Up 6.5%
Shares of MCD stock opened at $280.20 on Thursday. McDonald’s Corporation has a 12-month low of $229.20 and a 12-month high of $341.75. The firm has a market capitalization of $198.28 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 3.01 and a beta of 0.42. The firm has a fifty day moving average of $248.20 and a 200-day moving average of $282.85.
McDonald’s (NYSE:MCD – Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The fast-food giant reported $3.57 EPS for the quarter, topping the consensus estimate of $3.38 by $0.19. The business had revenue of $7.16 billion for the quarter, compared to the consensus estimate of $7.28 billion. McDonald’s had a negative return on equity of 572.06% and a net margin of 31.72%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.22 EPS. Research analysts expect that McDonald’s Corporation will post 12.82 earnings per share for the current year.
McDonald’s Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a $1.93 dividend. This represents a $7.72 annualized dividend and a dividend yield of 2.8%. This is an increase from McDonald’s’s previous quarterly dividend of $1.86. The ex-dividend date is Tuesday, December 1st. McDonald’s’s dividend payout ratio is currently 60.44%.
McDonald’s News Roundup
Here are the key news stories impacting McDonald’s this week:
- Positive Sentiment: Third-quarter adjusted EPS was $3.57, above the $3.38 analyst estimate, with stronger franchised margins contributing. Global comparable sales rose 1.5%, led by international markets. McDonald’s Q3 Earnings Beat on Franchised Margins, Revenues Miss
- Positive Sentiment: Management says U.S. sales improved as the quarter progressed and is planning more affordable bundles, digital deals, and other value initiatives to attract budget-conscious customers. Investors may view these plans as a path to a domestic rebound. McDonald’s Puts Focus on Entry-Level Value to Lift Sluggish Sales
- Neutral Sentiment: Holiday drink offerings and a Pokémon Happy Meal promotion add seasonal marketing opportunities, though their impact on overall sales is uncertain. McDonald’s Pokémon Happy Meal Returns Nov. 10 With Cards
- Negative Sentiment: Revenue of $7.16 billion fell short of expectations near $7.28 billion. U.S. comparable sales declined 0.2%—the first drop in six quarters—as customers facing high living costs pulled back and restaurant traffic weakened. McDonald’s US sales decline for first time in six quarters despite value push
- Negative Sentiment: Value promotions may pressure economics and come amid reported tensions with franchisees. Separately, a judge allowed a lawsuit challenging McRib marketing to proceed, creating a potential legal and reputational overhang. McDonald’s facing lawsuit over meat in cult-favorite sandwich
McDonald’s Company Profile
McDonald’s Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald’s brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald’s mobile app.
The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.
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