Miller Howard Investments Inc. NY trimmed its holdings in McDonald’s Corporation (NYSE:MCD – Free Report) by 20.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,676 shares of the fast-food giant’s stock after selling 40,172 shares during the period. Miller Howard Investments Inc. NY’s holdings in McDonald’s were worth $35,952,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in the business. Sound Income Strategies LLC grew its position in shares of McDonald’s by 0.6% during the first quarter. Sound Income Strategies LLC now owns 5,590 shares of the fast-food giant’s stock worth $1,718,000 after purchasing an additional 35 shares in the last quarter. Jacobsen Capital Management raised its stake in McDonald’s by 2.9% during the 1st quarter. Jacobsen Capital Management now owns 1,267 shares of the fast-food giant’s stock valued at $394,000 after purchasing an additional 36 shares during the period. Legacy Wealth Managment LLC ID raised its stake in McDonald’s by 11.0% during the 1st 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 period. Millstone Evans Group LLC raised its stake in McDonald’s by 2.5% during the 1st quarter. Millstone Evans Group LLC now owns 1,532 shares of the fast-food giant’s stock valued at $476,000 after purchasing an additional 38 shares during the period. Finally, Signature Equity Partners LLC lifted its holdings in McDonald’s by 3.6% in the 1st quarter. Signature Equity Partners LLC now owns 1,087 shares of the fast-food giant’s stock worth $338,000 after purchasing an additional 38 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.
McDonald’s Stock Up 1.0%
Shares of McDonald’s stock opened at $250.93 on Tuesday. The firm has a market cap of $177.57 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 2.83 and a beta of 0.44. The business has a 50-day moving average price of $249.77 and a 200-day moving average price of $284.75. McDonald’s Corporation has a twelve month low of $229.20 and a twelve month high of $341.75.
McDonald’s (NYSE:MCD – Get Free Report) last issued its earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.06. The firm had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $7.13 billion. McDonald’s had a negative return on equity of 572.06% and a net margin of 31.72%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.19 earnings per share. On average, equities analysts expect that McDonald’s Corporation will post 12.84 EPS for the current fiscal year.
McDonald’s Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a $1.93 dividend. This represents a $7.72 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.86. McDonald’s’s dividend payout ratio is presently 60.44%.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. Royal Bank Of Canada dropped their price target on McDonald’s from $290.00 to $285.00 and set a “sector perform” rating for the company in a research note on Thursday, September 24th. Tigress Financial increased their price objective on shares of McDonald’s from $385.00 to $390.00 and gave the company a “buy” rating in a report on Friday, July 17th. HC Wainwright set a $250.00 price objective on shares of McDonald’s in a research report on Friday, September 25th. UBS Group reiterated a “buy” rating on shares of McDonald’s in a research report on Monday, October 19th. Finally, Daiwa Securities Group lowered their target price on shares of McDonald’s from $309.00 to $293.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. One investment 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $295.64.
Get Our Latest Stock Report on MCD
Trending Headlines about McDonald’s
Here are the key news stories impacting McDonald’s this week:
- Positive Sentiment: BTIG reaffirmed its “Buy” rating and set a $295 price target, implying substantial potential upside from recent trading levels. The endorsement supports the view that McDonald’s valuation and earnings outlook remain attractive. BTIG rating report
- Positive Sentiment: The McRib has returned in select U.S. markets for a limited time. The highly recognizable product could increase restaurant traffic, digital engagement and promotional sales, although the geographically limited rollout reduces its companywide financial impact. USA Today McRib article
- Positive Sentiment: Ending McDonald’s more than 30-year FIFA World Cup sponsorship may reduce marketing costs and allow the company to redirect spending toward owned brands and promotions. The potential savings must be balanced against the loss of global visibility. NRN sponsorship article
- Neutral Sentiment: Recent commentary describes McDonald’s as an attractive, potentially underpriced restaurant stock, but this is an opinion rather than a new company disclosure. Seeking Alpha valuation analysis
- Negative Sentiment: Franchisees reportedly cited tough meat and other quality problems with McDonald’s new hand-breaded chicken. Execution issues could slow adoption of a key growth initiative, pressure franchisee economics and hurt customer satisfaction. MarketWatch chicken article
- Negative Sentiment: Erste Group Bank lowered its fiscal 2027 EPS estimates for McDonald’s. Estimate reductions can weigh on valuation and suggest analysts see potential pressure on sales, margins or growth expectations. EPS estimate article
McDonald’s 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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