McDonald’s Corporation $MCD Stock: Pictet Asset Management Holding SA Increases Stake

Pictet Asset Management Holding SA grew its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 16.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 558,997 shares of the fast-food giant’s stock after acquiring an additional 77,620 shares during the quarter. Pictet Asset Management Holding SA’s holdings in McDonald’s were worth $129,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in MCD. GKV Capital Management Co. Inc. bought a new position in McDonald’s during the first quarter valued at about $33,000. Burkett Financial Services LLC increased its holdings in McDonald’s by 2,312.5% during the third 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 last quarter. POM Investment Strategies LLC increased its holdings in 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 during the last quarter. Westfuller Advisors LLC raised its position in McDonald’s by 140.0% in the second quarter. Westfuller Advisors LLC now owns 180 shares of the fast-food giant’s stock worth $49,000 after acquiring an additional 105 shares during the period. Finally, Mountain Hill Investment Partners Corp. raised its position in McDonald’s by 777.8% in the third quarter. Mountain Hill Investment Partners Corp. now owns 237 shares of the fast-food giant’s stock worth $55,000 after acquiring an additional 210 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MCD. Robert W. Baird dropped their target price on shares of McDonald’s from $285.00 to $250.00 and set a “neutral” rating on the stock in a research note on Thursday, September 24th. Gordon Haskett decreased their price target on shares of McDonald’s from $315.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, September 24th. Freedom Broker lowered shares of McDonald’s from a “buy” rating to a “hold” rating and decreased their price target for the stock from $305.00 to $298.00 in a research note on Thursday. HSBC assumed coverage on shares of McDonald’s in a report on Thursday. They issued a “strong-buy” rating on the stock. Finally, JPMorgan Chase & Co. upped their price objective on McDonald’s from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $297.82.

McDonald’s Stock Performance

Shares of MCD opened at $276.36 on Monday. McDonald’s Corporation has a fifty-two week low of $229.20 and a fifty-two week high of $341.75. The business has a 50-day moving average of $248.76 and a 200 day moving average of $282.57. The firm has a market cap of $195.56 billion, a P/E ratio of 21.86, a price-to-earnings-growth ratio of 3.20 and a beta of 0.42.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Wednesday, November 4th. The fast-food giant reported $3.57 EPS for the quarter, beating the consensus estimate of $3.38 by $0.19. The business had revenue of $7.16 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.22 earnings per share. As a group, research analysts predict that McDonald’s Corporation will post 12.88 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a $1.93 dividend. The ex-dividend date is Tuesday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.86. This represents a $7.72 annualized dividend and a dividend yield of 2.8%. McDonald’s’s dividend payout ratio is 61.08%.

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 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.