Foster & Motley Inc. purchased a new position in McDonald’s Corporation (NYSE:MCD – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,068 shares of the fast-food giant’s stock, valued at approximately $1,640,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MCD. Plato Investment Management Ltd bought a new position in shares of McDonald’s during the 2nd quarter worth about $5,067,000. Bank of New York Mellon Corp acquired a new stake in shares of McDonald’s in the 2nd quarter valued at about $1,359,276,000. S&CO Inc. bought a new stake in McDonald’s in the 2nd quarter valued at about $2,282,000. Fourth Dimension Wealth LLC increased its position in McDonald’s by 44.3% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 3,149 shares of the fast-food giant’s stock valued at $851,000 after buying an additional 967 shares in the last quarter. Finally, Daymark Wealth Partners LLC raised its stake in McDonald’s by 3.8% during the 2nd quarter. Daymark Wealth Partners LLC now owns 35,864 shares of the fast-food giant’s stock worth $9,694,000 after buying an additional 1,307 shares during the period. 70.29% of the stock is owned by institutional investors.
Key Headlines Impacting McDonald’s
Here are the key news stories impacting McDonald’s this week:
- Positive Sentiment: McDonald’s second-quarter earnings beat expectations, with EPS of $3.38 versus the $3.32 consensus. Franchise-related strength, international growth, beverage opportunities and a planned U.S. recovery could support a rebound if management improves traffic and execution. McDonald’s Q2 Earnings Beat Puts U.S. Traffic and Margins in Focus
- Positive Sentiment: New and returning menu offerings—including a fall coffee flavor, limited-time meals and the Hello Kitty x Godzilla Happy Meal—could generate customer engagement and incremental visits. A gas-savings promotion may also enhance value perceptions. McDonald’s Has 8 New Hello Kitty x Godzilla Happy Meal Toys
McDonald’s Price Performance
McDonald’s (NYSE:MCD – Get Free Report) last announced its earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 EPS for the quarter, beating the consensus estimate of $3.32 by $0.06. McDonald’s had a net margin of 31.72% and a negative return on equity of 572.06%. The company had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $7.13 billion. During the same quarter in the prior year, the company posted $3.19 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities analysts anticipate that McDonald’s Corporation will post 12.88 EPS for the current year.
McDonald’s Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 1st will be given a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 1st. McDonald’s’s dividend payout ratio is presently 60.44%.
Insider Transactions at McDonald’s
In other news, EVP Desiree Ralls-Morrison sold 2,763 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $278.36, for a total value of $769,108.68. Following the transaction, the executive vice president owned 6,268 shares in the company, valued at $1,744,760.48. The trade was a 30.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 5,252 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total value of $1,493,248.64. Following the completion of the transaction, the insider directly owned 7,734 shares of the company’s stock, valued at approximately $2,198,930.88. This represents a 40.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,348 shares of company stock valued at $2,355,634 over the last ninety days. 0.26% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Piper Sandler set a $286.00 price target on McDonald’s in a report on Tuesday, August 4th. TD Cowen reaffirmed a “hold” rating on shares of McDonald’s in a research report on Tuesday, August 4th. UBS Group set a $305.00 target price on McDonald’s in a report on Wednesday, August 5th. KeyCorp reduced their price target on shares of McDonald’s from $315.00 to $305.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Finally, Morgan Stanley reduced their price target on shares of McDonald’s from $322.00 to $319.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $325.44.
Check Out Our Latest Stock Analysis on McDonald’s
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.
Read More
- Five stocks we like better than McDonald’s
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Corporation (NYSE:MCD – Free Report).
Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.
