McDonald’s Corporation $MCD Stock Sold by CX Institutional

CX Institutional decreased its position in McDonald’s Corporation (NYSE:MCD) by 8.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,444 shares of the fast-food giant’s stock after selling 3,158 shares during the quarter. CX Institutional’s holdings in McDonald’s were worth $8,416,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp raised its holdings in shares of McDonald’s by 2.7% in the 4th quarter. State Street Corp now owns 35,983,997 shares of the fast-food giant’s stock valued at $10,997,789,000 after buying an additional 959,140 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in McDonald’s by 7.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,560,037 shares of the fast-food giant’s stock valued at $1,699,314,000 after acquiring an additional 384,762 shares during the period. Bank of New York Mellon Corp acquired a new position in McDonald’s in the 2nd quarter valued at about $1,359,276,000. Arrowstreet Capital Limited Partnership grew its position in McDonald’s by 17.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,637,785 shares of the fast-food giant’s stock valued at $1,130,587,000 after acquiring an additional 533,448 shares in the last quarter. Finally, Diamant Asset Management Inc. increased its stake in McDonald’s by 30,979.0% during the first quarter. Diamant Asset Management Inc. now owns 2,596,340 shares of the fast-food giant’s stock worth $806,917,000 after purchasing an additional 2,587,986 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. BMO Capital Markets reduced their price target on shares of McDonald’s from $335.00 to $310.00 and set an “outperform” rating on the stock in a research report on Thursday, September 24th. Evercore cut their target price on shares of McDonald’s from $320.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, September 24th. Loop Capital reduced their target price on shares of McDonald’s from $301.00 to $273.00 and set a “hold” rating on the stock in a report on Wednesday, August 5th. Sanford C. Bernstein reissued a “market perform” rating and issued a $295.00 price target (down from $310.00) on shares of McDonald’s in a research report on Friday, September 25th. Finally, Robert W. Baird dropped their price target on shares of McDonald’s from $285.00 to $250.00 and set a “neutral” rating for the company in a research note on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $300.64.

McDonald’s Stock Performance

NYSE MCD traded up $0.23 during trading on Friday, reaching $232.06. 6,421,428 shares of the company’s stock were exchanged, compared to its average volume of 4,169,259. The stock has a market cap of $164.22 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 2.58 and a beta of 0.44. The company has a 50 day moving average price of $259.69 and a two-hundred day moving average price of $277.78. McDonald’s Corporation has a 1 year low of $229.61 and a 1 year high of $341.75.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.06. McDonald’s had a negative return on equity of 572.06% and a net margin of 31.72%.The business had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $7.13 billion. During the same period in the prior year, the firm posted $3.19 EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. Research analysts forecast that McDonald’s Corporation will post 12.85 EPS for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a $1.93 dividend. This represents a $7.72 dividend on an annualized basis and a yield of 3.3%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend is Tuesday, December 1st. McDonald’s’s dividend payout ratio is currently 60.44%.

Key Headlines Impacting McDonald’s

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

• Positive Sentiment: McDonald’s stock has entered technically oversold territory, while analysts retain a Moderate Buy consensus and see substantial upside to the average price target. The valuation and low share price may attract dip buyers, although a fundamental turnaround is still needed. Time to Nibble on MCD Stock After it Enters Oversold Territory?
• Positive Sentiment: McDonald’s is testing hand-breaded chicken tenders and related sandwiches at roughly 200 U.S. restaurants. A successful rollout could strengthen the menu and support customer traffic by expanding the company’s chicken offering. McDonald’s prepares test of hand-breaded chicken tenders
• Positive Sentiment: The company is deploying AI tools, including the Archy drive-through assistant, as part of its modernization program. Management’s goal is to improve service, ordering efficiency, and potentially restaurant economics rather than replace workers outright. McDonald’s Is Using AI for Something More Interesting Than Replacing Workers
• Neutral Sentiment: Jim Cramer described McDonald’s as a “show-me” story but said the depressed valuation is making him more interested in buying. The comments may support sentiment but do not change the company’s fundamentals. Jim Cramer on McDonald’s stock
• Negative Sentiment: Reports that McDonald’s data-driven pricing tools could create significant price differences between nearby restaurants have intensified concerns about customer backlash, brand perception, and demand. McDonald’s disputes claims that it is using AI to charge customers based on their willingness to pay. McDonald’s brushes off claims it’s using AI to set prices
• Negative Sentiment: The prolonged selloff reflects worries that the modernization spending could weigh on near-term margins. Jefferies also reduced its price target, adding to the negative analyst pressure. McDonald’s Stock Price Target Cut by Jefferies

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.