TSG Advice Partners LLC bought a new stake in McDonald’s Corporation (NYSE:MCD – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,438 shares of the fast-food giant’s stock, valued at approximately $1,256,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. GKV Capital Management Co. Inc. acquired a new position in McDonald’s in the 1st quarter valued at $33,000. Burkett Financial Services LLC increased its position in McDonald’s by 2,312.5% during the 3rd quarter. Burkett Financial Services LLC now owns 193 shares of the fast-food giant’s stock worth $45,000 after buying an additional 185 shares during the period. POM Investment Strategies LLC lifted its holdings in shares of McDonald’s by 46.2% during the second quarter. POM Investment Strategies LLC now owns 174 shares of the fast-food giant’s stock worth $47,000 after buying an additional 55 shares in the last quarter. Westfuller Advisors LLC lifted its holdings in shares of McDonald’s by 140.0% during the second quarter. Westfuller Advisors LLC now owns 180 shares of the fast-food giant’s stock worth $49,000 after buying an additional 105 shares in the last quarter. Finally, Mountain Hill Investment Partners Corp. lifted its holdings in shares of McDonald’s by 777.8% during the third quarter. Mountain Hill Investment Partners Corp. now owns 237 shares of the fast-food giant’s stock worth $55,000 after buying an additional 210 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently commented on MCD shares. HC Wainwright set a $250.00 price target on shares of McDonald’s in a research note on Friday, September 25th. Morgan Stanley lowered their price target on shares of McDonald’s from $308.00 to $297.00 and set an “equal weight” rating on the stock in a research report on Monday, September 28th. Jefferies Financial Group dropped their price objective on shares of McDonald’s from $260.00 to $250.00 and set an “overweight” rating for the company in a research note on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of McDonald’s from $325.00 to $300.00 and set a “buy” rating for the company in a report on Monday, September 14th. Finally, Piper Sandler set a $286.00 target price on shares of McDonald’s in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $294.73.
Check Out Our Latest Research Report on McDonald’s
McDonald’s Price Performance
Shares of NYSE MCD opened at $265.54 on Tuesday. The stock has a market capitalization of $187.91 billion, a PE ratio of 21.57, a P/E/G ratio of 2.86 and a beta of 0.44. The business has a fifty day moving average price of $248.16 and a two-hundred day moving average price of $283.22. McDonald’s Corporation has a fifty-two week low of $229.20 and a fifty-two week high of $341.75.
McDonald’s (NYSE:MCD – Get Free Report) last released its earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share for the quarter, beating analysts’ consensus estimates of $3.32 by $0.06. The firm had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $7.13 billion. McDonald’s had a negative return on equity of 572.06% and a net margin of 31.72%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $3.19 EPS. On average, equities analysts expect that McDonald’s Corporation will post 12.83 EPS for the current year.
McDonald’s Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors 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 2.9%. This is a boost from McDonald’s’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend is Tuesday, December 1st. McDonald’s’s payout ratio is presently 62.71%.
McDonald’s News Summary
Here are the key news stories impacting McDonald’s this week:
- Positive Sentiment: McDonald’s is ending its 32-year World Cup sponsorship agreement and plans to place greater emphasis on its own brands and marketing. Investors may view the move as an opportunity to improve marketing efficiency, although the November 4 earnings report will need to demonstrate stronger sales momentum. McDonald’s Bets on Its Own Brands as It Ends a 32-Year World Cup Deal
- Neutral Sentiment: Analysts see mixed third-quarter prospects: beverage expansion and international growth could support revenue, while weak U.S. traffic, higher costs and operational challenges could pressure earnings. The company’s prior quarter exceeded EPS expectations but slightly missed revenue estimates, making the coming report particularly important. McDonald’s Stock Ahead of Q3 Earnings
- Neutral Sentiment: Mizuho reduced its price target for McDonald’s, signaling more cautious expectations ahead of earnings, though the report does not indicate a change in the company’s underlying operations. McDonald’s Stock Gets Price Target Reduction from Mizuho
- Negative Sentiment: A judge allowed lawsuits alleging that McRib marketing is misleading because the sandwich may not contain conventional rib meat to proceed. Continued litigation could create legal costs and reputational risk, although the financial impact remains uncertain. McDonald’s must face lawsuit alleging McRib contains no rib meat
- Negative Sentiment: A Consumer Reports review gave a McDonald’s breakfast item the lowest rating among offerings from six chains. While unlikely to materially affect results by itself, negative product-quality coverage could weigh on brand perception. Consumer Reports Tried Breakfast Foods From 6 Popular Chains
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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