iA Global Asset Management Inc. Sells 14,122 Shares of McDonald's Corporation $MCD

iA Global Asset Management Inc. lowered its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 92.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,150 shares of the fast-food giant's stock after selling 14,122 shares during the period. iA Global Asset Management Inc.'s holdings in McDonald's were worth $311,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MCD. Ascentis Wealth Management LLC lifted its stake in McDonald's by 4,008.8% during the second quarter. Ascentis Wealth Management LLC now owns 84,230 shares of the fast-food giant's stock worth $22,768,000 after purchasing an additional 82,180 shares during the last quarter. Borer Denton & Associates Inc. increased its position in shares of McDonald's by 16.9% during the 2nd quarter. Borer Denton & Associates Inc. now owns 13,859 shares of the fast-food giant's stock valued at $3,746,000 after purchasing an additional 2,000 shares during the last quarter. Peterson Wealth Services raised its holdings in shares of McDonald's by 3,294.5% during the 4th quarter. Peterson Wealth Services now owns 11,779 shares of the fast-food giant's stock valued at $3,600,000 after buying an additional 11,432 shares in the last quarter. Harbour Investments Inc. raised its holdings in shares of McDonald's by 84.4% during the 4th quarter. Harbour Investments Inc. now owns 35,510 shares of the fast-food giant's stock valued at $10,853,000 after buying an additional 16,252 shares in the last quarter. Finally, Capital International Sarl lifted its position in McDonald's by 10.4% in the 4th quarter. Capital International Sarl now owns 64,256 shares of the fast-food giant's stock worth $19,639,000 after buying an additional 6,079 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Trending Headlines about 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

Insider Transactions at McDonald's

In related news, EVP Desiree Ralls-Morrison sold 2,763 shares of the business's stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $278.36, for a total transaction of $769,108.68. Following the transaction, the executive vice president owned 6,268 shares in the company, valued at $1,744,760.48. The trade was a 30.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 5,252 shares of the company's stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total value of $1,493,248.64. Following the transaction, 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold 8,348 shares of company stock worth $2,355,634 in the last 90 days. Corporate insiders own 0.26% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on MCD shares. Sanford C. Bernstein reiterated a "market perform" rating and set a $295.00 price target on shares of McDonald's in a research report on Wednesday, August 5th. Rothschild & Co Redburn upgraded shares of McDonald's from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $260.00 to $306.00 in a report on Thursday, April 23rd. Evercore set a $320.00 price objective on shares of McDonald's in a research note on Thursday, July 23rd. Wells Fargo & Company decreased their target price on shares of McDonald's from $320.00 to $300.00 and set an "overweight" rating on the stock in a research report on Thursday, July 16th. Finally, Mizuho lowered their price target on shares of McDonald's from $300.00 to $290.00 and set a "neutral" rating for the company in a research note on Friday, July 31st. One 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $325.44.

McDonald's Stock Performance

Shares of MCD stock opened at $272.61 on Friday. The company has a market capitalization of $192.91 billion, a P/E ratio of 22.15, a PEG ratio of 3.05 and a beta of 0.41. McDonald's Corporation has a fifty-two week low of $260.96 and a fifty-two week high of $341.75. The stock has a 50 day moving average price of $273.81 and a two-hundred day moving average price of $295.28.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.06. McDonald's had a net margin of 31.72% and a negative return on equity of 572.06%. The firm had revenue of $7.10 billion for the quarter, compared to analysts' expectations of $7.13 billion. During the same quarter last year, the business earned $3.19 earnings per share. The business's revenue was up 3.7% on a year-over-year basis. As a group, equities analysts predict that McDonald's Corporation will post 12.88 earnings per share for the current year.

McDonald's Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 1st will be given a $1.86 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.7%. McDonald's's payout ratio is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source