Kornitzer Capital Management Inc. KS Acquires 28,385 Shares of McDonald’s Corporation $MCD

Kornitzer Capital Management Inc. KS increased its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 64.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,453 shares of the fast-food giant’s stock after acquiring an additional 28,385 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in McDonald’s were worth $16,732,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Pictet Asset Management Holding SA boosted its holdings in shares of McDonald’s by 16.1% during the third quarter. Pictet Asset Management Holding SA now owns 558,997 shares of the fast-food giant’s stock valued at $129,095,000 after acquiring an additional 77,620 shares during the period. Leelyn Smith LLC grew its position in shares of McDonald’s by 5.1% during the third quarter. Leelyn Smith LLC now owns 24,156 shares of the fast-food giant’s stock worth $5,579,000 after acquiring an additional 1,181 shares during the last quarter. Plancorp LLC increased its holdings in shares of McDonald’s by 8.2% in the 3rd quarter. Plancorp LLC now owns 8,545 shares of the fast-food giant’s stock worth $1,973,000 after acquiring an additional 651 shares during the period. Waycross Partners LLC increased its holdings in shares of McDonald’s by 4.0% in the 3rd quarter. Waycross Partners LLC now owns 62,739 shares of the fast-food giant’s stock worth $14,489,000 after acquiring an additional 2,424 shares during the period. Finally, Ashton Thomas Private Wealth LLC increased its holdings in shares of McDonald’s by 3.3% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 23,262 shares of the fast-food giant’s stock worth $5,372,000 after acquiring an additional 749 shares during the period. 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: Argus raised its price target to $320 from $310 and reiterated a “buy” rating, signaling confidence in the stock’s prospects. Argus rating
• Neutral Sentiment: McDonald’s is testing value bundles at nearly 2,000 U.S. restaurants, ahead of a planned national value platform in early 2027. The deals may help bring back customers, but the company is still assessing their effect on traffic and orders. McDonald’s value-bundle test
• Neutral Sentiment: Third-quarter profit beat analyst estimates, but revenue missed and U.S. comparable sales declined. That mixed backdrop helps explain why investors are watching for evidence that value promotions can sustain a domestic recovery. Q3 earnings and U.S. traffic
• Negative Sentiment: Consumers have filed a lawsuit alleging McDonald’s labeled McCafé drinks “sugar free” despite some containing as much as 18 grams of sugar. The allegations are unproven, but the case could create legal and reputational risk. McCafé labeling lawsuit
• Negative Sentiment: Freedom Broker cut its rating from “buy” to “hold” and lowered its price target to $298 from $305, adding a more cautious view alongside the recent analyst optimism. Freedom Broker rating change

McDonald’s Stock Performance

Shares of MCD opened at $276.36 on Friday. The firm has a market capitalization of $195.56 billion, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 3.16 and a beta of 0.42. McDonald’s Corporation has a one year low of $229.20 and a one year high of $341.75. The stock’s fifty day moving average is $248.76 and its 200-day moving average is $282.57.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data 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. The business had revenue of $7.16 billion for the quarter, compared to analysts’ expectations of $7.28 billion. McDonald’s had a net margin of 32.38% and a negative return on equity of 671.56%. The company’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $3.22 earnings per share. Analysts forecast that McDonald’s Corporation will post 12.88 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a dividend of $1.93 per share. This is a positive change from McDonald’s’s previous quarterly dividend of $1.86. The ex-dividend date is Tuesday, December 1st. This represents a $7.72 dividend on an annualized basis and a dividend yield of 2.8%. McDonald’s’s payout ratio is presently 58.86%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MCD. BTIG Research lifted their price objective on shares of McDonald’s from $295.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday. Mizuho decreased their target price on shares of McDonald’s from $290.00 to $260.00 and set a “neutral” rating for the company in a research report on Friday, October 30th. Rothschild & Co Redburn dropped their price target on shares of McDonald’s from $306.00 to $285.00 in a research note on Wednesday, August 26th. Evercore cut their price target on McDonald’s from $320.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, September 24th. Finally, Bank of America boosted their price objective on McDonald’s from $339.00 to $343.00 in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $297.82.

McDonald’s Company 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.