Geode Capital Management LLC Has $5.20 Billion Position in McDonald's Corporation $MCD

Key Points

• Geode Capital Management increased its McDonald’s stake slightly in the fourth quarter, ending with 17.0 million shares valued at about $5.2 billion, or 2.39% of the company.
• Analysts remain broadly positive on MCD, with a consensus rating of “Moderate Buy” and an average price target of $334.45, even as some firms adjusted targets and ratings.
• McDonald’s recently beat quarterly earnings expectations, reported revenue growth of 9.4% year over year, and declared a $1.86 quarterly dividend payable June 16.

Geode Capital Management LLC lifted its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,038,519 shares of the fast-food giant's stock after purchasing an additional 76,090 shares during the period. Geode Capital Management LLC owned 2.39% of McDonald's worth $5,195,965,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC grew its holdings in McDonald's by 21.6% during the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock worth $2,692,000 after acquiring an additional 1,649 shares during the period. Revolve Wealth Partners LLC grew its holdings in McDonald's by 2.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock worth $563,000 after acquiring an additional 52 shares during the period. Sivia Capital Partners LLC grew its holdings in McDonald's by 11.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,017 shares of the fast-food giant's stock worth $589,000 after acquiring an additional 206 shares during the period. United Bank grew its holdings in McDonald's by 6.0% during the 2nd quarter. United Bank now owns 8,102 shares of the fast-food giant's stock worth $2,367,000 after acquiring an additional 459 shares during the period. Finally, Schnieders Capital Management LLC. grew its holdings in McDonald's by 2.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 12,938 shares of the fast-food giant's stock worth $3,780,000 after acquiring an additional 312 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on MCD shares. Cfra raised shares of McDonald's to a "buy" rating in a report on Friday, May 8th. Argus raised shares of McDonald's from a "hold" rating to a "buy" rating and set a $380.00 target price for the company in a report on Friday, February 13th. Jefferies Financial Group lifted their target price on shares of McDonald's from $360.00 to $375.00 and gave the stock a "buy" rating in a report on Thursday, February 12th. Royal Bank Of Canada lowered their target price on shares of McDonald's from $330.00 to $305.00 and set a "sector perform" rating for the company in a report on Friday, May 8th. Finally, Rothschild & Co Redburn raised shares of McDonald's from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $260.00 to $306.00 in a report on Thursday, April 23rd. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $334.45.

Insider Activity

In other news, insider Joseph M. Erlinger sold 2,626 shares of the business's stock in a transaction on Friday, April 10th. The shares were sold at an average price of $307.00, for a total value of $806,182.00. Following the completion of the transaction, the insider owned 8,400 shares of the company's stock, valued at $2,578,800. The trade was a 23.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 5,918 shares of company stock valued at $1,862,485. 0.26% of the stock is owned by insiders.

Key Stories Impacting McDonald's

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

• Positive Sentiment: McDonald’s is rolling out fresh promotional items, including a 2026 FIFA World Cup Happy Meal and Squishmallows tie-in, plus regional beverage offerings like refreshers and dirty sodas, which could help drive traffic and keep the brand top of mind for families and younger consumers. Article Title
• Positive Sentiment: Investor commentary remains constructive, with one article arguing McDonald’s still has a strong “moat,” reinforcing the view that its scale, franchise model, and brand strength can support earnings resilience. Article Title
• Positive Sentiment: The company’s expansion in Ukraine suggests continued international growth, which can be a long-term support for revenue even in a challenging macro environment. Article Title
• Neutral Sentiment: Viral social media attention around a McDonald’s nugget “hack” may boost brand visibility, but it is unlikely to materially affect fundamentals on its own. Article Title
• Neutral Sentiment: An insider sale by Joseph M. Erlinger of 333 shares is small relative to his remaining stake and does not appear to signal a major shift in outlook, though investors may note it. Article Title
• Negative Sentiment: McDonald’s said it cannot meet its 2030 emissions targets and also fell short on a packaging goal, which could create ESG-related pressure and weigh on sentiment for some investors. Article Title

McDonald's Stock Up 0.7%

Shares of MCD stock opened at $281.09 on Thursday. McDonald's Corporation has a 12-month low of $271.98 and a 12-month high of $341.75. The firm has a market capitalization of $199.72 billion, a price-to-earnings ratio of 23.17, a price-to-earnings-growth ratio of 2.78 and a beta of 0.43. The firm has a fifty day moving average of $297.03 and a 200-day moving average of $308.93.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.09. McDonald's had a net margin of 31.62% and a negative return on equity of 442.10%. The company had revenue of $6.52 billion during the quarter, compared to analyst estimates of $6.47 billion. During the same quarter in the previous year, the business earned $2.67 EPS. The firm's revenue was up 9.4% on a year-over-year basis. Research analysts expect that McDonald's Corporation will post 12.93 earnings per share for the current year.

McDonald's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd will be issued a $1.86 dividend. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $7.44 annualized dividend and a dividend yield of 2.6%. McDonald's's payout ratio is 61.34%.

McDonald's Company Profile

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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