28,385 McDonald's Corporation $MCD Shares Purchased by Kornitzer Capital Management Inc. KS

Key Points

• Kornitzer Capital Management increased its McDonald’s stake by 64.4% in the third quarter, buying 28,385 shares and ending the period with 72,453 shares valued at about $16.7 million.
• McDonald’s reported quarterly EPS of $3.57, ahead of the $3.38 consensus estimate, while revenue of $7.16 billion missed forecasts of $7.28 billion.
• The company raised its quarterly dividend from $1.86 to $1.93 per share. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $297.82.

Kornitzer Capital Management Inc. KS boosted its position in McDonald's Corporation (NYSE:MCD - Free Report) by 64.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,453 shares of the fast-food giant's stock after buying 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.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings 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 valued at $9,752,921,000 after purchasing an additional 646,675 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in McDonald's during the 2nd quarter valued at approximately $1,359,276,000. Arrowstreet Capital Limited Partnership increased its holdings in McDonald's by 17.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,637,785 shares of the fast-food giant's stock worth $1,130,587,000 after purchasing an additional 533,448 shares during the last quarter. Swiss National Bank increased its holdings in McDonald's by 6.9% during the 1st quarter. Swiss National Bank now owns 2,089,980 shares of the fast-food giant's stock worth $649,545,000 after purchasing an additional 134,480 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in McDonald's by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,909,321 shares of the fast-food giant's stock worth $593,366,000 after purchasing an additional 62,562 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MCD has been the subject of several research analyst reports. Wells Fargo & Company increased their target price on McDonald's from $270.00 to $300.00 and gave the company an "overweight" rating in a research note on Thursday. Gordon Haskett dropped 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. Argus upped their price target on shares of McDonald's from $310.00 to $320.00 and gave the company a "buy" rating in a report on Friday. BMO Capital Markets reiterated an "outperform" rating on shares of McDonald's in a research note on Thursday. Finally, Tigress Financial increased their price objective on shares of McDonald's from $385.00 to $390.00 and gave the company a "buy" rating in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, McDonald's presently has a consensus rating of "Moderate Buy" and a consensus price target of $297.82.

More 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 Down 0.6%

Shares of NYSE MCD opened at $276.36 on Friday. The stock's 50 day moving average price is $248.76 and its two-hundred day moving average price is $282.57. McDonald's Corporation has a 52-week low of $229.20 and a 52-week high of $341.75. The stock has a market capitalization of $195.56 billion, a P/E ratio of 21.86, a PEG ratio of 3.16 and a beta of 0.42.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Wednesday, November 4th. The fast-food giant reported $3.57 EPS for the quarter, topping the consensus estimate of $3.38 by $0.19. The company had revenue of $7.16 billion during the quarter, compared to analyst estimates of $7.28 billion. McDonald's had a negative return on equity of 671.56% and a net margin of 32.38%. The business's revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $3.22 EPS. On average, analysts anticipate that McDonald's Corporation will post 12.88 EPS for the current year.

McDonald's Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be given a dividend of $1.93 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $7.72 annualized dividend and a dividend yield of 2.8%. This is an increase from McDonald's's previous quarterly dividend of $1.86. McDonald's's dividend payout ratio is currently 58.86%.

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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