McDonald’s Corporation $MCD Shares Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP lifted its stake in shares of McDonald’s Corporation (NYSE:MCD) by 133.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 8,170 shares of the fast-food giant’s stock after buying an additional 4,667 shares during the quarter. Fulcrum Asset Management LLP’s holdings in McDonald’s were worth $1,912,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp raised its holdings in McDonald’s by 1.8% in the 2nd quarter. State Street Corp now owns 36,080,505 shares of the fast-food giant’s stock valued at $9,752,921,000 after acquiring an additional 646,675 shares during the period. Bank of New York Mellon Corp acquired a new stake in McDonald’s during the second quarter worth approximately $1,359,276,000. Arrowstreet Capital Limited Partnership lifted its position in McDonald’s by 17.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,637,785 shares of the fast-food giant’s stock worth $1,130,587,000 after acquiring an additional 533,448 shares during the last quarter. Swiss National Bank lifted its position in McDonald’s by 6.9% during the first quarter. Swiss National Bank now owns 2,089,980 shares of the fast-food giant’s stock worth $649,545,000 after acquiring an additional 134,480 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of McDonald’s by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,909,321 shares of the fast-food giant’s stock worth $593,366,000 after acquiring an additional 62,562 shares during the period. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of MCD opened at $282.11 on Wednesday. The firm has a 50 day simple moving average of $249.44 and a two-hundred day simple moving average of $282.33. McDonald’s Corporation has a one year low of $229.20 and a one year high of $341.75. The company has a market cap of $199.11 billion, a P/E ratio of 22.32, a P/E/G ratio of 3.25 and a beta of 0.42.

McDonald’s (NYSE:MCD) last issued its earnings results on Wednesday, November 4th. The fast-food giant reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.19. McDonald’s had a negative return on equity of 826.29% and a net margin of 32.38%. The firm had revenue of $7.16 billion for the quarter, compared to the consensus estimate of $7.28 billion. During the same quarter last year, the business posted $3.22 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. On average, analysts expect that McDonald’s Corporation will post 12.91 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 2.7%. 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 58.86%.

McDonald’s News Summary

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

• Positive Sentiment: McDonald’s is expanding its Uber partnership across 14 markets, adding delivery and digital-ordering capabilities and loyalty benefits. The effort could improve convenience and generate incremental sales. McDonald’s Expands Uber Partnership: Can It Drive More Growth?
• Positive Sentiment: The company is planning a broader beverage lineup to compete for customers’ drink purchases, potentially creating a new source of sales growth. McDonald’s new drinks take aim at your Starbucks order
• Positive Sentiment: A Pokémon Happy Meal promotion featuring toys and trading cards may boost customer interest and near-term visits, although the articles provide no estimate of its financial impact. McDonald’s x Pokémon collab is now live
• Negative Sentiment: Recent coverage highlights continuing U.S. challenges: guest counts are declining and quarterly revenue missed expectations, despite an earnings-per-share beat. A value bundle being tested at 1,900 restaurants could help, but its results remain uncertain. MCD Stock Outlook: Wall Street Eyes a Potential Upside Breakout After Q3 Results
• Negative Sentiment: One analysis says MCD’s roughly 24% rebound over the past month may have limited further upside, citing free-cash-flow figures. Higher Treasury yields may also weigh on stock valuations more broadly. McDonald’s Stock Is Up 24% in the Last Month – Is MCD Near a Peak?

Wall Street Analyst Weigh In

MCD has been the topic of several research reports. Guggenheim decreased their target price on McDonald’s from $290.00 to $250.00 and set a “neutral” rating on the stock in a research report on Monday, October 5th. TD Cowen increased their target price on McDonald’s from $270.00 to $285.00 and gave the stock a “hold” rating in a research note on Wednesday, November 4th. Rothschild & Co Redburn dropped their price target on McDonald’s from $306.00 to $285.00 in a report on Wednesday, August 26th. HSBC started coverage on McDonald’s in a report on Thursday, November 5th. They set a “strong-buy” rating for the company. Finally, BMO Capital Markets restated an “outperform” rating on shares of McDonald’s in a research note on Thursday, November 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $297.82.

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.