McDonald’s Corporation $MCD Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its position in McDonald’s Corporation (NYSE:MCD) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,475 shares of the fast-food giant’s stock after selling 3,876 shares during the quarter. State of Alaska Department of Revenue’s holdings in McDonald’s were worth $23,239,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank purchased a new position in McDonald’s in the 2nd quarter valued at about $2,780,712,000. Laurel Wealth Advisors LLC increased its stake in McDonald’s by 29,382.3% during the second quarter. Laurel Wealth Advisors LLC now owns 5,737,548 shares of the fast-food giant’s stock valued at $1,676,339,000 after purchasing an additional 5,718,087 shares during the last quarter. Soundwatch Capital LLC bought a new position in McDonald’s in the second quarter worth about $1,412,069,000. Viking Global Investors LP lifted its holdings in shares of McDonald’s by 171.7% in the 2nd quarter. Viking Global Investors LP now owns 3,125,432 shares of the fast-food giant’s stock worth $913,157,000 after purchasing an additional 1,974,998 shares during the last quarter. Finally, Amundi grew its position in shares of McDonald’s by 96.0% during the second quarter. Amundi now owns 4,032,676 shares of the fast-food giant’s stock worth $1,188,147,000 after acquiring an additional 1,974,751 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Key McDonald’s News

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: Barclays raised its price target to $372 and kept an “overweight” rating, highlighting expected strong price appreciation and backing upside for the stock. Barclays Forecasts Strong Price Appreciation for McDonald’s
• Positive Sentiment: Sanford C. Bernstein reaffirmed an “overweight” rating, reinforcing buy-side analyst support that can drive demand for shares. Bernstein Overweight Note
• Positive Sentiment: McDonald’s announced new and returning global menu items for 2026 and branded promotions (including Pokémon Happy Meals and returning Pokémon cards), which support traffic and seasonal revenue upside. Menu Items 2026
• Positive Sentiment: Company plans to change drive‑thru operations — a potential improvement to throughput and ticket size if execution boosts speed and order accuracy. Drive‑Thru Changes
• Neutral Sentiment: TD Cowen reaffirmed a “hold” rating with a $320 price target — modest upside but less bullish than other broker moves, suggesting mixed analyst views on near‑term catalysts. TD Cowen Hold Note
• Neutral Sentiment: New restaurant openings such as the Biltmore McDonald’s grand opening are operationally positive but have limited near‑term impact on global same‑store sales. Biltmore Grand Opening
• Negative Sentiment: Lawsuits allege McDonald’s misled customers about McRib ingredients (claims include use of off‑cuts/organs), creating a reputational and potential legal risk that could pressure same‑store sales or force costly disclosures/settlements. McRib Lawsuit (MSN) McRib Lawsuit (USA Today)
• Negative Sentiment: Unions have accused McDonald’s of repeated harassment of largely teenage staff — a labor and PR headline that could increase scrutiny, potential regulatory risk, or labor costs if it escalates. Union Allegations

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Robert W. Baird increased their target price on shares of McDonald’s from $322.00 to $325.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Barclays boosted their price target on shares of McDonald’s from $358.00 to $372.00 and gave the company an “overweight” rating in a report on Wednesday. Royal Bank Of Canada assumed coverage on McDonald’s in a report on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 target price on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of McDonald’s in a research note on Friday, October 31st. Finally, Sanford C. Bernstein restated an “overweight” rating and set a $372.00 price target on shares of McDonald’s in a report on Wednesday. Thirteen investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, McDonald’s currently has an average rating of “Hold” and an average target price of $328.68.

McDonald’s Stock Up 1.6%

Shares of NYSE:MCD opened at $308.92 on Friday. The firm has a market cap of $220.00 billion, a P/E ratio of 26.36, a P/E/G ratio of 3.09 and a beta of 0.53. The company’s 50-day moving average price is $307.75 and its two-hundred day moving average price is $304.66. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32.

McDonald’s (NYSE:MCD) last released its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. The business had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same quarter in the previous year, the company posted $3.23 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, equities analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $1.86 per share. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, December 1st. McDonald’s’s payout ratio is currently 63.48%.

Insider Buying and Selling at McDonald’s

In other news, EVP Manuel Jm Steijaert sold 6,567 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $305.50, for a total value of $2,006,218.50. Following the completion of the sale, the executive vice president directly owned 4,606 shares of the company’s stock, valued at $1,407,133. This trade represents a 58.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 3,195 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $305.82, for a total transaction of $977,094.90. Following the completion of the transaction, the insider owned 6,088 shares in the company, valued at approximately $1,861,832.16. This represents a 34.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 42,516 shares of company stock valued at $13,036,090 over the last ninety days. 0.25% of the stock is currently owned by company insiders.

McDonald’s Company Profile

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.