McDonald's Corporation $MCD Shares Acquired by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its McDonald’s stake by 2.8% in the second quarter, bringing its holdings to 551,642 shares valued at approximately $149.1 million. Institutional investors collectively own 70.29% of the company.
• McDonald’s reported quarterly EPS of $3.38, beating estimates of $3.32, while revenue of $7.10 billion slightly missed expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $325.44.
• The stock opened at $267.15, near its 52-week low, amid concerns over weak U.S. traffic, lower-income customer sales and rising costs. McDonald’s also declared a quarterly dividend of $1.86, representing a 2.8% annualized yield.

Aberdeen Group plc boosted its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 2.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 551,642 shares of the fast-food giant's stock after acquiring an additional 14,817 shares during the quarter. Aberdeen Group plc owned about 0.08% of McDonald's worth $149,114,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Ascentis Wealth Management LLC raised its stake in McDonald's by 4,008.8% in 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 during the last quarter. Borer Denton & Associates Inc. boosted its stake in 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 worth $3,746,000 after purchasing an additional 2,000 shares during the last quarter. Peterson Wealth Services grew its holdings in shares of McDonald's by 3,294.5% during the fourth quarter. Peterson Wealth Services now owns 11,779 shares of the fast-food giant's stock worth $3,600,000 after buying 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 buying an additional 16,252 shares in the last quarter. Finally, Capital International Sarl raised its position in shares of McDonald's by 10.4% in the fourth quarter. Capital International Sarl now owns 64,256 shares of the fast-food giant's stock valued at $19,639,000 after buying an additional 6,079 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

More McDonald's News

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

• Positive Sentiment: McDonald’s valuation has become more attractive after its decline, with one bullish estimate implying substantial upside toward the Wall Street consensus target. However, analysts say investors may need to wait for clearer evidence of improved execution. Is McDonald's a Buy Today as Lower Valuation Meets Execution Risk?
• Positive Sentiment: A workforce scheduling and transportation app reportedly helped one McDonald’s franchise avoid missed shifts and save about $35,000 per month. Wider adoption could improve staffing reliability and restaurant-level margins. Missed shifts were costly to this McDonald's. An app has fixed the problem
• Positive Sentiment: Limited-time promotions, including Hello Kitty–Godzilla Happy Meals, new fall beverages and an afternoon-focused menu strategy aimed at Starbucks could support traffic and increase customer occasions. McDonald's Takes Direct Aim at Starbucks
• Neutral Sentiment: McDonald’s latest quarterly earnings beat expectations on EPS, helped by franchised operations, but revenue slightly missed estimates. Investors remain focused on whether cost controls and franchise strength can offset softer U.S. demand. McDonald's Q2 Earnings Beat Puts U.S. Traffic and Margins in Focus
• Negative Sentiment: Numerator data showed sales among low-income customers fell 2.4% in the latest quarter, indicating that prior price increases may be pushing budget-conscious diners toward alternatives. McDonald's is losing ground to rivals like Burger King with a key customer group
• Negative Sentiment: Weak U.S. traffic, value-offer execution problems, rising beef and operating costs, and competition from Burger King are creating pressure on sales and margins. The broader economic concern flagged by restaurant and consumer-goods executives adds to the risk. Burger King is taking a bite out of McDonald's lunch

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MCD. Citigroup boosted their price target on shares of McDonald's from $335.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Cfra upgraded shares of McDonald's to a "buy" rating in a report on Friday, May 8th. BTIG Research reissued a "buy" rating and issued a $350.00 target price on shares of McDonald's in a research note on Wednesday, August 5th. Piper Sandler set a $286.00 target price on McDonald's in a report on Tuesday, August 4th. Finally, UBS Group set a $305.00 price target on McDonald's in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $325.44.

Insider Transactions at McDonald's

In other 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 transaction, the insider directly owned 7,734 shares of the company's stock, valued at $2,198,930.88. This represents a 40.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of the company's stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $278.36, for a total value of $769,108.68. Following the completion of the sale, the executive vice president directly owned 6,268 shares in the company, valued at $1,744,760.48. This trade represents a 30.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 8,348 shares of company stock worth $2,355,634. Company insiders own 0.26% of the company's stock.

McDonald's Stock Up 0.6%

MCD opened at $267.15 on Wednesday. McDonald's Corporation has a 52 week low of $260.96 and a 52 week high of $341.75. The business has a fifty day simple moving average of $273.27 and a 200-day simple moving average of $294.49. The firm has a market cap of $189.04 billion, a P/E ratio of 21.70, a P/E/G ratio of 3.05 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 for the quarter, beating analysts' consensus estimates of $3.32 by $0.06. The business had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.13 billion. McDonald's had a net margin of 31.72% and a negative return on equity of 572.06%. The company's revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned $3.19 EPS. Sell-side analysts expect 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 paid a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 1st. McDonald's's payout ratio is currently 60.44%.

McDonald's 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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