Erste Asset Management GmbH decreased its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 84.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,780 shares of the fast-food giant's stock after selling 35,886 shares during the quarter. Erste Asset Management GmbH's holdings in McDonald's were worth $1,854,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of MCD. Vanguard Group Inc. raised its holdings 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 worth $22,112,675,000 after purchasing an additional 703,458 shares during the period. State Street Corp raised its stake in McDonald's by 2.7% during the 4th quarter. State Street Corp now owns 35,983,997 shares of the fast-food giant's stock worth $10,997,789,000 after buying an additional 959,140 shares during the period. Geode Capital Management LLC lifted its holdings in McDonald's by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 17,038,519 shares of the fast-food giant's stock worth $5,195,965,000 after acquiring an additional 76,090 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in McDonald's by 3.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,474,749 shares of the fast-food giant's stock valued at $2,895,768,000 after acquiring an additional 277,617 shares during the period. Finally, Norges Bank bought a new stake in shares of McDonald's in the fourth quarter worth about $2,890,438,000. Institutional investors and hedge funds own 70.29% of the company's stock.
Insiders Place Their Bets
In other McDonald's news, insider Joseph M. Erlinger sold 5,252 shares of the company's stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the sale, the insider directly owned 7,734 shares of the company's stock, valued at approximately $2,198,930.88. This represents a 40.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $278.36, for a total transaction of $769,108.68. Following the completion of the sale, the executive vice president owned 6,268 shares of the company's stock, valued at approximately $1,744,760.48. This represents a 30.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 8,348 shares of company stock worth $2,355,634. 0.26% of the stock is owned by corporate insiders.
McDonald's Stock Performance
Shares of NYSE MCD opened at $272.61 on Friday. The stock has a 50 day moving average price of $273.81 and a 200 day moving average price of $295.28. The stock has a market capitalization of $192.91 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 3.05 and a beta of 0.41. McDonald's Corporation has a 52 week low of $260.96 and a 52 week high of $341.75.
McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share for the quarter, topping the consensus estimate 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 previous year, the firm earned $3.19 EPS. The business's quarterly revenue was up 3.7% on a year-over-year basis. As a group, research analysts forecast that McDonald's Corporation will post 12.88 EPS for the current year.
McDonald's Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Tuesday, September 1st will be issued a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, September 1st. McDonald's's payout ratio is presently 60.44%.
Analyst Upgrades and Downgrades
MCD has been the subject of several research analyst reports. Freedom Capital upgraded McDonald's from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 5th. Wells Fargo & Company reduced their price target on shares of McDonald's from $320.00 to $300.00 and set an "overweight" rating for the company in a report on Thursday, July 16th. Piper Sandler set a $286.00 price objective on shares of McDonald's in a research report on Tuesday, August 4th. TD Cowen restated a "hold" rating on shares of McDonald's in a report on Tuesday, August 4th. Finally, BTIG Research reaffirmed a "buy" rating and issued a $350.00 target price on shares of McDonald's in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, McDonald's currently has a consensus rating of "Moderate Buy" and an average price target of $325.44.
Get Our Latest Analysis on McDonald's
Key Headlines Impacting McDonald's
Here are the key news stories impacting McDonald's this week:
- Positive Sentiment: McDonald’s is emphasizing lower-priced meals to win back cost-conscious customers, a potentially supportive strategy as consumers increasingly prioritize value. McDonald’s is betting on cheaper meals to win back customers
- Positive Sentiment: New growth initiatives include Red Bull energy drinks, additional beverages and limited-time menu items. These products could increase traffic and average spending while supporting a simpler restaurant operating model. McDonald’s bringing Red Bull drinks and new sodas to US customers
- Positive Sentiment: The Hello Kitty x Godzilla Happy Meal promotion may generate customer interest and family traffic when it launches, although its financial impact is likely limited. McDonald’s Announces Eight Hello Kitty x Godzilla Toys
- Neutral Sentiment: Recent earnings showed adjusted EPS of $3.38, above expectations, while revenue of $7.10 billion was slightly below consensus. Management acknowledged inconsistent value-menu execution and excessive operational complexity, making successful implementation of the turnaround strategy critical. Five Insightful Analyst Questions From McDonald’s Q2 Earnings Call
- Negative Sentiment: McDonald’s is reportedly losing ground to Burger King and other low-cost alternatives, including gas-station food, as customers seek cheaper meals. Slowing second-quarter sales growth raises concerns about U.S. traffic and market share. The burger wars are heating up as McDonald’s loses ground
- Negative Sentiment: Erste Group lowered its fiscal 2027 EPS forecast, adding to investor concerns about earnings growth. McDonald’s FY2027 EPS Forecast Lowered
- Negative Sentiment: Reports that McDonald’s maintained a 515-page customer dossier could create privacy and reputational risks, though the immediate financial effect is unclear. McDonald’s customer dossier report
McDonald's Profile
(
Free Report)
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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