Ancora Advisors LLC Has $24.93 Million Stock Holdings in McDonald's Corporation $MCD

Ancora Advisors LLC decreased its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 6.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 92,225 shares of the fast-food giant's stock after selling 5,901 shares during the quarter. Ancora Advisors LLC's holdings in McDonald's were worth $24,930,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ascentis Wealth Management LLC increased its holdings in McDonald's by 4,008.8% during the 2nd quarter. Ascentis Wealth Management LLC now owns 84,230 shares of the fast-food giant's stock valued at $22,768,000 after purchasing an additional 82,180 shares in the last quarter. Borer Denton & Associates Inc. boosted its stake in McDonald's by 16.9% in the second quarter. Borer Denton & Associates Inc. now owns 13,859 shares of the fast-food giant's stock worth $3,746,000 after purchasing an additional 2,000 shares in the last quarter. Peterson Wealth Services boosted its stake in McDonald's by 3,294.5% in the fourth quarter. Peterson Wealth Services now owns 11,779 shares of the fast-food giant's stock worth $3,600,000 after purchasing an additional 11,432 shares in the last quarter. Harbour Investments Inc. grew its holdings in shares of McDonald's by 84.4% during the fourth quarter. Harbour Investments Inc. now owns 35,510 shares of the fast-food giant's stock worth $10,853,000 after purchasing an additional 16,252 shares during the last quarter. Finally, Capital International Sarl grew its holdings in shares of McDonald's by 10.4% during the fourth quarter. Capital International Sarl now owns 64,256 shares of the fast-food giant's stock worth $19,639,000 after purchasing an additional 6,079 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Key McDonald's News

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

• Positive Sentiment: McDonald’s is bringing back its popular Spicy McNuggets on September 1 and introducing limited-time or exclusive meals. The promotions could attract customers and improve traffic, although their financial impact remains uncertain. McDonald’s (MCD) Stock Plunges to 52-Week Low Despite Spicy McNuggets Comeback
• Positive Sentiment: Analysts are described as moderately optimistic despite McDonald’s lagging the S&P 500 over the past year. The company’s franchise-heavy model and recurring cash generation may provide longer-term support, while some traditional valuation measures suggest the shares could be relatively inexpensive. Is McDonald's Stock Underperforming the S&P 500? McDonald's (MCD) Stock Looks Fairly Priced With Limited Valuation Upside
• Neutral Sentiment: McDonald’s and Taco Bell have launched new energy drinks close together, signaling an effort to capture afternoon demand in an increasingly crowded beverage category. The initiative could create incremental sales but also raises competitive and marketing risks. McDonald’s and Taco Bell Are Fighting Over Your 3 P.M. Pick-Me-Up — Here’s Who’s Winning
• Neutral Sentiment: Several articles discuss menu customization, returning fan-favorite items, regional offerings and operational topics such as ice-cream machines and breakfast preparation. These stories may influence customer engagement but provide limited evidence of a material near-term earnings effect. The easy McDonald's ordering trick for a basic hamburger with extra flavor A Fan-Favorite McDonald's Menu Item Is Back
• Negative Sentiment: The most important bearish signal is that MCD recently touched a 52-week low amid declining guest counts. This suggests current promotions are viewed as necessary traffic-recovery measures rather than proof that demand has already stabilized. McDonald’s (MCD) Stock Plunges to 52-Week Low Despite Spicy McNuggets Comeback

Insider Activity at McDonald's

In related news, insider Joseph M. Erlinger sold 5,252 shares of McDonald's stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the completion of the sale, the insider directly owned 7,734 shares of the company's stock, valued at $2,198,930.88. The trade was a 40.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MCD has been the subject of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of McDonald's from $325.00 to $305.00 and set an "overweight" rating for the company in a research report on Monday, May 11th. Weiss Ratings lowered shares of McDonald's from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, June 23rd. UBS Group set a $305.00 target price on shares of McDonald's in a research report on Wednesday, August 5th. BTIG Research reissued a "buy" rating and set a $350.00 price target on shares of McDonald's in a research note on Wednesday, August 5th. Finally, Morgan Stanley lowered their price target on shares of McDonald's from $322.00 to $319.00 and set an "equal weight" rating for the company in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $322.96.

McDonald's Price Performance

Shares of NYSE MCD opened at $264.26 on Tuesday. The company's 50 day simple moving average is $270.55 and its 200 day simple moving average is $291.04. McDonald's Corporation has a fifty-two week low of $259.85 and a fifty-two week high of $341.75. The firm has a market capitalization of $187.00 billion, a P/E ratio of 21.47, a P/E/G ratio of 2.97 and a beta of 0.41.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.32 by $0.06. The firm had revenue of $7.10 billion for the quarter, compared to analysts' expectations of $7.13 billion. McDonald's had a net margin of 31.72% and a negative return on equity of 572.06%. The business's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $3.19 earnings per share. Sell-side analysts expect that McDonald's Corporation will post 12.87 EPS for the current fiscal year.

McDonald's Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Tuesday, September 1st will be given a $1.86 dividend. This represents a $7.44 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 1st. McDonald's's dividend payout ratio (DPR) is currently 60.44%.

About McDonald's

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.

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