Bank of New York Mellon Corp raised its holdings in McDonald’s Corporation (NYSE:MCD – Free Report) by 0.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,283,655 shares of the fast-food giant’s stock after buying an additional 40,506 shares during the quarter. Bank of New York Mellon Corp’s holdings in McDonald’s were worth $1,614,843,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Encompass More Asset Management lifted its position in McDonald’s by 1.5% in the 4th quarter. Encompass More Asset Management now owns 2,120 shares of the fast-food giant’s stock valued at $648,000 after acquiring an additional 32 shares in the last quarter. Physician Wealth Advisors Inc. increased its holdings in McDonald’s by 1.6% during the 4th quarter. Physician Wealth Advisors Inc. now owns 2,102 shares of the fast-food giant’s stock worth $642,000 after purchasing an additional 33 shares in the last quarter. CFO4Life Group LLC raised its stake in shares of McDonald’s by 2.1% in the third quarter. CFO4Life Group LLC now owns 1,669 shares of the fast-food giant’s stock worth $507,000 after purchasing an additional 34 shares during the last quarter. American National Bank of Texas raised its stake in shares of McDonald’s by 2.9% in the fourth quarter. American National Bank of Texas now owns 1,191 shares of the fast-food giant’s stock worth $364,000 after purchasing an additional 34 shares during the last quarter. Finally, Allied Investment Advisors LLC lifted its holdings in shares of McDonald’s by 2.6% in the fourth quarter. Allied Investment Advisors LLC now owns 1,366 shares of the fast-food giant’s stock valued at $417,000 after purchasing an additional 34 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at McDonald’s
In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,763 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $278.36, for a total transaction of $769,108.68. Following the sale, the executive vice president directly owned 6,268 shares of the company’s stock, valued at $1,744,760.48. This represents a 30.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 333 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $280.11, for a total transaction of $93,276.63. Following the transaction, the insider owned 7,734 shares of the company’s stock, valued at $2,166,370.74. This represents a 4.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 8,681 shares of company stock worth $2,631,594 over the last 90 days. 0.26% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Check Out Our Latest Report on McDonald’s
McDonald’s Trading Up 0.2%
Shares of NYSE MCD opened at $276.61 on Wednesday. The stock has a fifty day simple moving average of $294.66 and a two-hundred day simple moving average of $308.42. McDonald’s Corporation has a 1-year low of $271.98 and a 1-year high of $341.75. The firm has a market cap of $196.53 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 2.75 and a beta of 0.41.
McDonald’s (NYSE:MCD – Get Free Report) last issued its earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.09. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.The firm had revenue of $6.52 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same period in the previous year, the company posted $2.67 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis. Analysts forecast that McDonald’s Corporation will post 12.93 EPS for the current year.
McDonald’s Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be issued a $1.86 dividend. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $7.44 annualized dividend and a yield of 2.7%. McDonald’s’s dividend payout ratio (DPR) is 61.34%.
Trending Headlines about McDonald’s
Here are the key news stories impacting McDonald’s this week:
- Positive Sentiment: McDonald’s unveiled its new “McDonald’s NEXT” strategy, centered on automation, improved restaurant design, better-tasting food, stronger hospitality, and more effective social media marketing. Investors may view this as a clear roadmap to reignite traffic and long-term sales growth. Article Title
- Positive Sentiment: Multiple articles highlighted that McDonald’s is leaning on value meals, chicken innovation, and restaurant upgrades to gain market share in a cautious consumer environment, which could help sustain demand even if spending stays weak. Article Title
- Positive Sentiment: Jim Cramer also named McDonald’s as a defensive stock to own outside the AI trade, suggesting it could benefit if investors rotate into steadier, out-of-favor sectors. Article Title
- Neutral Sentiment: McDonald’s strategy update also emphasizes making stores easier to run and improving efficiency, which could support margins over time but likely won’t show immediate results. Article Title
- Neutral Sentiment: An EVP recently sold shares, which can add some caution, but the transaction appears routine and is not by itself a strong fundamental warning. Article Title
About McDonald’s
McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.
Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.
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