McDonald's Corporation $MCD Stock Position Decreased by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings reduced its McDonald’s position by 5.9% in the third quarter, selling 6,366 shares and retaining 100,977 shares valued at approximately $23.3 million. Institutional investors collectively own 70.29% of the stock.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $295.64, although several firms recently lowered their targets. McDonald’s shares opened at $246.11, below both their 50-day and 200-day moving averages.
• McDonald’s exceeded quarterly EPS expectations, reporting $3.38 versus the $3.32 consensus, while revenue rose 3.7% year over year to $7.10 billion. The company also raised its quarterly dividend to $1.93, equivalent to a 3.1% annualized yield.

Crossmark Global Holdings Inc. cut its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 5.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,977 shares of the fast-food giant's stock after selling 6,366 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in McDonald's were worth $23,320,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Guardian Partners Inc. increased its holdings in shares of McDonald's by 0.9% during the 3rd quarter. Guardian Partners Inc. now owns 47,442 shares of the fast-food giant's stock valued at $10,956,000 after acquiring an additional 405 shares during the last quarter. Strengthening Families & Communities LLC lifted its stake in shares of McDonald's by 0.9% in the third quarter. Strengthening Families & Communities LLC now owns 8,038 shares of the fast-food giant's stock worth $1,856,000 after buying an additional 68 shares during the last quarter. Sawyer & Company Inc bought a new position in McDonald's in the 3rd quarter worth $2,513,000. Sowell Financial Services LLC lifted its position in McDonald's by 18.4% during the 3rd quarter. Sowell Financial Services LLC now owns 29,678 shares of the fast-food giant's stock worth $6,854,000 after acquiring an additional 4,607 shares during the last quarter. Finally, Bell Bank lifted its position in McDonald's by 3.7% during the 3rd quarter. Bell Bank now owns 12,846 shares of the fast-food giant's stock worth $2,967,000 after acquiring an additional 458 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MCD has been the topic of a number of research analyst reports. Robert W. Baird lowered their target price on McDonald's from $285.00 to $250.00 and set a "neutral" rating on the stock in a report on Thursday, September 24th. Evercore cut their price objective on shares of McDonald's from $320.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, September 24th. Morgan Stanley dropped their price objective on shares of McDonald's from $308.00 to $297.00 and set an "equal weight" rating for the company in a research note on Monday, September 28th. BMO Capital Markets cut their target price on McDonald's from $335.00 to $310.00 and set an "outperform" rating for the company in a research report on Thursday, September 24th. Finally, Needham & Company LLC reaffirmed a "buy" rating on shares of McDonald's in a report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $295.64.

Key McDonald's News

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

• Positive Sentiment: McDonald’s is bringing back its Halloween Boo Buckets with a Disney Villains theme. The collectible promotion could increase seasonal visits, generate social-media engagement and support limited-time sales. Disney Villains Halloween Boo Buckets Arrive at McDonald's
• Positive Sentiment: The McRib is returning to select Indiana restaurants on October 26, offering another limited-time product designed to attract loyal customers and create urgency. Fan-favorite sandwich returning to McDonald's
• Positive Sentiment: Some analysts view MCD as potentially undervalued after its recent underperformance. Its valuation is below historical averages, while the established franchise model and multiyear-high dividend yield may appeal to income-focused investors. Is The Market Underpricing McDonald's Stock?
• Neutral Sentiment: Two additional McDonald’s locations are planned for the northern Fort Worth suburbs, indicating continued domestic unit expansion, although the financial contribution is likely to be gradual. Two McDonald's restaurants planned for north Fort Worth suburbs
• Negative Sentiment: TD Cowen’s downgrade of Chipotle also pressured McDonald’s and other restaurant stocks, reflecting broader investor concerns about slowing industry sales momentum. Chipotle Falls as TD Cowen Downgrades
• Negative Sentiment: McDonald’s faces weak U.S. traffic, making menu innovation important for restoring comparable-sales growth. The latest analysis suggests new products may help, but they have not yet resolved the underlying demand pressure. Can MCD's Menu Innovation Offset Slower U.S. Comparable Sales Growth?

McDonald's Price Performance

Shares of NYSE MCD opened at $246.11 on Thursday. The stock has a market capitalization of $174.16 billion, a P/E ratio of 19.64, a P/E/G ratio of 2.76 and a beta of 0.44. The company has a 50-day moving average price of $250.31 and a 200-day moving average price of $270.49. McDonald's Corporation has a 1 year low of $229.20 and a 1 year high of $341.75.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $7.10 billion for the quarter, compared to analysts' expectations of $7.13 billion. During the same period in the previous year, the business posted $3.19 EPS. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities research analysts anticipate that McDonald's Corporation will post 12.84 earnings per share for the current fiscal year.

McDonald's Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a $1.93 dividend. This is an increase from McDonald's's previous quarterly dividend of $1.86. This represents a $7.72 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, December 1st. McDonald's's payout ratio is currently 60.44%.

McDonald's Company Profile

McDonald’s Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald’s brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald’s mobile app.

The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.

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