Rice Partnership LLC Cuts Stake in McDonald’s Corporation $MCD

Rice Partnership LLC lowered its position in McDonald’s Corporation (NYSE:MCD) by 55.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,266 shares of the fast-food giant’s stock after selling 11,530 shares during the quarter. Rice Partnership LLC’s holdings in McDonald’s were worth $2,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in McDonald’s by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 72,351,127 shares of the fast-food giant’s stock valued at $22,112,675,000 after purchasing an additional 703,458 shares during the last quarter. State Street Corp lifted its position in McDonald’s by 0.6% in the third quarter. State Street Corp now owns 35,024,857 shares of the fast-food giant’s stock valued at $10,643,704,000 after purchasing an additional 196,505 shares during the last quarter. Geode Capital Management LLC lifted its position in McDonald’s by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 17,038,519 shares of the fast-food giant’s stock valued at $5,195,965,000 after purchasing an additional 76,090 shares during the last quarter. Norges Bank bought a new stake in McDonald’s in the fourth quarter valued at approximately $2,890,438,000. Finally, Legal & General Group Plc lifted its position in McDonald’s by 6.4% in the third quarter. Legal & General Group Plc now owns 4,757,967 shares of the fast-food giant’s stock valued at $1,445,899,000 after purchasing an additional 286,284 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,763 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $278.36, for a total value of $769,108.68. Following the completion of the transaction, the executive vice president owned 6,268 shares in the company, valued at approximately $1,744,760.48. This represents a 30.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 2,626 shares of the stock in a transaction on Friday, April 10th. The stock was sold at an average price of $307.00, for a total value of $806,182.00. Following the completion of the transaction, the insider owned 8,400 shares of the company’s stock, valued at approximately $2,578,800. This trade represents a 23.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 8,681 shares of company stock valued at $2,631,594. 0.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on MCD. Truist Financial boosted their price objective on McDonald’s from $356.00 to $370.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Evercore set a $350.00 price objective on McDonald’s in a research report on Friday, May 8th. Barclays lowered their price objective on McDonald’s from $380.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Rothschild & Co Redburn upgraded McDonald’s from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $260.00 to $306.00 in a research report on Thursday, April 23rd. Finally, Robert W. Baird set a $305.00 target price on McDonald’s in a report on Thursday, May 7th. Sixteen analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, McDonald’s presently has a consensus rating of “Hold” and an average target price of $334.45.

Key Headlines Impacting McDonald’s

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

• Positive Sentiment: McDonald’s unveiled its new “McDonald’s NEXT” strategy, centered on automation, improved restaurant design, better-tasting food, stronger hospitality, and more effective social media marketing. Investors may view this as a clear roadmap to reignite traffic and long-term sales growth. Article Title
• Positive Sentiment: Multiple articles highlighted that McDonald’s is leaning on value meals, chicken innovation, and restaurant upgrades to gain market share in a cautious consumer environment, which could help sustain demand even if spending stays weak. Article Title
• Positive Sentiment: Jim Cramer also named McDonald’s as a defensive stock to own outside the AI trade, suggesting it could benefit if investors rotate into steadier, out-of-favor sectors. Article Title
• Neutral Sentiment: McDonald’s strategy update also emphasizes making stores easier to run and improving efficiency, which could support margins over time but likely won’t show immediate results. Article Title
• Neutral Sentiment: An EVP recently sold shares, which can add some caution, but the transaction appears routine and is not by itself a strong fundamental warning. Article Title

McDonald’s Stock Up 0.2%

Shares of McDonald’s stock opened at $276.61 on Wednesday. The company has a market cap of $196.53 billion, a PE ratio of 22.80, a P/E/G ratio of 2.75 and a beta of 0.41. The business has a 50 day moving average of $294.66 and a 200 day moving average of $308.42. McDonald’s Corporation has a 52 week low of $271.98 and a 52 week high of $341.75.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.09. The business had revenue of $6.52 billion during the quarter, compared to the consensus estimate of $6.47 billion. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.67 earnings per share. On average, research analysts anticipate that McDonald’s Corporation will post 12.93 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd will be issued a $1.86 dividend. The ex-dividend date is Tuesday, June 2nd. This represents a $7.44 dividend on an annualized basis and a yield of 2.7%. McDonald’s’s dividend payout ratio is 61.34%.

McDonald’s 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.