13,617 McDonald's Corporation $MCD Shares Purchased by Smith Chas P & Associates PA Cpas

Key Points

• Smith Chas P & Associates increased its McDonald’s position by 7.9%, purchasing 13,617 shares to hold 185,303 shares valued at approximately $45.0 million. Institutional investors collectively own 70.29% of the company.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $295.64, although several firms recently reduced their targets. McDonald’s shares were trading near $246.11, well below the 52-week high of $341.75.
• McDonald’s reported quarterly revenue growth of 3.7% and EPS of $3.38, beating estimates, and raised its quarterly dividend to $1.93 per share for a 3.1% annualized yield. However, weak U.S. customer traffic remains a concern, increasing the importance of menu innovation and limited-time promotions.

Smith Chas P & Associates PA Cpas lifted its position in McDonald's Corporation (NYSE:MCD - Free Report) by 7.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 185,303 shares of the fast-food giant's stock after buying an additional 13,617 shares during the period. McDonald's makes up about 2.2% of Smith Chas P & Associates PA Cpas' investment portfolio, making the stock its 18th biggest position. Smith Chas P & Associates PA Cpas' holdings in McDonald's were worth $45,023,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. State Street Corp increased its position in McDonald's by 1.8% in the second quarter. State Street Corp now owns 36,080,505 shares of the fast-food giant's stock worth $9,752,921,000 after buying an additional 646,675 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in McDonald's during the 2nd quarter valued at approximately $1,359,276,000. Arrowstreet Capital Limited Partnership grew its stake 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 valued at $1,130,587,000 after acquiring an additional 533,448 shares in the last quarter. Diamant Asset Management Inc. lifted its stake in McDonald's by 30,979.0% in the 1st 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 in the last quarter. Finally, Swiss National Bank lifted its position in shares of McDonald's by 6.9% in the first quarter. Swiss National Bank now owns 2,089,980 shares of the fast-food giant's stock worth $649,545,000 after buying an additional 134,480 shares in the last quarter. Institutional investors own 70.29% of the company's stock.

Analyst Upgrades and Downgrades

MCD has been the subject of several recent research reports. Seaport Research Partners started coverage on McDonald's in a research report on Wednesday, September 16th. They issued a "neutral" rating for the company. KeyCorp dropped their target price on McDonald's from $305.00 to $280.00 and set an "overweight" rating for the company in a research report on Tuesday, October 6th. Robert W. Baird lowered their price objective on shares of McDonald's from $285.00 to $250.00 and set a "neutral" rating for the company in a research report on Thursday, September 24th. Oppenheimer decreased their price target on shares of McDonald's from $325.00 to $295.00 and set an "outperform" rating for the company in a research note on Thursday, September 24th. Finally, Wells Fargo & Company dropped their price objective on McDonald's from $300.00 to $270.00 and set an "overweight" rating on the stock in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $295.64.

More McDonald's News

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

• Positive Sentiment: McDonald’s is bringing back its Halloween Boo Buckets with a Disney Villains theme. The collectible promotion could increase seasonal visits, generate social-media engagement and support limited-time sales. Disney Villains Halloween Boo Buckets Arrive at McDonald's
• Positive Sentiment: The McRib is returning to select Indiana restaurants on October 26, offering another limited-time product designed to attract loyal customers and create urgency. Fan-favorite sandwich returning to McDonald's
• Positive Sentiment: Some analysts view MCD as potentially undervalued after its recent underperformance. Its valuation is below historical averages, while the established franchise model and multiyear-high dividend yield may appeal to income-focused investors. Is The Market Underpricing McDonald's Stock?
• Neutral Sentiment: Two additional McDonald’s locations are planned for the northern Fort Worth suburbs, indicating continued domestic unit expansion, although the financial contribution is likely to be gradual. Two McDonald's restaurants planned for north Fort Worth suburbs
• Negative Sentiment: TD Cowen’s downgrade of Chipotle also pressured McDonald’s and other restaurant stocks, reflecting broader investor concerns about slowing industry sales momentum. Chipotle Falls as TD Cowen Downgrades
• Negative Sentiment: McDonald’s faces weak U.S. traffic, making menu innovation important for restoring comparable-sales growth. The latest analysis suggests new products may help, but they have not yet resolved the underlying demand pressure. Can MCD's Menu Innovation Offset Slower U.S. Comparable Sales Growth?

McDonald's Stock Performance

Shares of NYSE MCD opened at $246.11 on Thursday. McDonald's Corporation has a fifty-two week low of $229.20 and a fifty-two week high of $341.75. The company has a market cap of $174.16 billion, a PE ratio of 19.99, a P/E/G ratio of 2.76 and a beta of 0.44. The business has a 50-day simple moving average of $250.31 and a two-hundred day simple moving average of $270.49.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.13 billion. During the same quarter in the prior year, the firm earned $3.19 earnings per share. McDonald's's revenue for the quarter was up 3.7% on a year-over-year basis. On average, sell-side analysts predict that McDonald's Corporation will post 12.84 earnings per share for the current fiscal year.

McDonald's Increases Dividend

The business also recently disclosed 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 boost from McDonald's's previous quarterly dividend of $1.86. This represents a $7.72 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Tuesday, December 1st. McDonald's's dividend payout ratio (DPR) is currently 60.44%.

McDonald's 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.

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