Collaborative Fund Advisors LLC acquired a new position in McDonald’s Corporation (NYSE:MCD – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,705 shares of the fast-food giant’s stock, valued at approximately $625,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Legacy Wealth Managment LLC ID increased its holdings in shares of McDonald’s by 11.0% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 372 shares of the fast-food giant’s stock worth $116,000 after buying an additional 37 shares during the last quarter. Millstone Evans Group LLC grew its position 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 worth $476,000 after acquiring an additional 38 shares in the last quarter. Signature Equity Partners LLC grew its position 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 worth $338,000 after acquiring an additional 38 shares in the last quarter. Harbor Investment Advisory LLC increased 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 increased 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. 70.29% of the stock is owned by hedge funds and other institutional investors.
McDonald’s Price Performance
MCD stock opened at $280.20 on Thursday. The stock has a market capitalization of $198.28 billion, a P/E ratio of 22.76, a P/E/G ratio of 3.01 and a beta of 0.42. The business has a fifty day moving average price of $248.20 and a 200-day moving average price of $282.85. McDonald’s Corporation has a 1-year low of $229.20 and a 1-year high of $341.75.
McDonald’s (NYSE:MCD – Get Free Report) last posted its earnings results on Wednesday, November 4th. The fast-food giant reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.19. The business had revenue of $7.16 billion during the quarter, compared to the consensus estimate of $7.28 billion. McDonald’s had a net margin of 31.72% and a negative return on equity of 572.06%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.22 EPS. As a group, analysts anticipate 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. Stockholders of record on Tuesday, December 1st will be paid a dividend of $1.93 per share. The ex-dividend date is Tuesday, December 1st. This represents a $7.72 annualized dividend and a dividend yield of 2.8%. This is a boost from McDonald’s’s previous quarterly dividend of $1.86. McDonald’s’s dividend payout ratio is 60.44%.
McDonald’s News Summary
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
Wall Street Analysts Forecast Growth
MCD has been the topic of a number of research reports. Piper Sandler set a $286.00 price objective on McDonald’s in a report on Tuesday, August 4th. Freedom Capital upgraded shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. BTIG Research reaffirmed a “buy” rating and issued a $295.00 target price on shares of McDonald’s in a research report on Monday, October 26th. UBS Group reaffirmed a “buy” rating on shares of McDonald’s in a research note on Monday, October 19th. Finally, Tigress Financial upped their target price on McDonald’s from $385.00 to $390.00 and gave the stock a “buy” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $293.21.
Get Our Latest Stock Analysis on MCD
About McDonald’s
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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