McDonald's Corporation $MCD Stock Sold by Eastern Bank

Eastern Bank lowered its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 63.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,923 shares of the fast-food giant's stock after selling 92,066 shares during the period. Eastern Bank's holdings in McDonald's were worth $12,453,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MCD. Bank of New York Mellon Corp purchased a new position in McDonald's in the 2nd quarter valued at approximately $1,359,276,000. Diamant Asset Management Inc. boosted its holdings in shares of McDonald's by 30,979.0% in the first quarter. Diamant Asset Management Inc. now owns 2,596,340 shares of the fast-food giant's stock worth $806,917,000 after acquiring an additional 2,587,986 shares during the period. J. Stern & Co. LLP grew its position in shares of McDonald's by 9,867.5% in the fourth quarter. J. Stern & Co. LLP now owns 2,541,008 shares of the fast-food giant's stock valued at $776,608,000 after purchasing an additional 2,515,515 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of McDonald's by 49.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,104,337 shares of the fast-food giant's stock valued at $948,779,000 after purchasing an additional 1,033,041 shares in the last quarter. Finally, State Street Corp raised its stake in shares of 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 valued at $10,997,789,000 after purchasing an additional 959,140 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting McDonald's

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

• Positive Sentiment: McDonald’s continues to appeal to income-focused investors after increasing its dividend for the 50th consecutive year. The company’s larger payouts provide support for the stock while management works through its operational challenges. Domino’s Pizza Pauses Dividend Growth While McDonald’s Accelerates Payouts
• Positive Sentiment: The company is pursuing its McDonald’s NEXT growth strategy, which is intended to improve value, traffic and consumer engagement. A successful execution could help restore sales momentum and support a recovery from the stock’s recent weakness. McDonald’s Is Undergoing a Massive New Growth Strategy
• Neutral Sentiment: McDonald’s disputed reports that artificial-intelligence models are independently determining Big Mac prices. The response may reduce some reputational risk, although continued discussion of personalized or dynamic pricing underscores customer sensitivity to affordability. McDonald’s Responds to Controversial AI Pricing Claims
• Neutral Sentiment: The return of the Monopoly promotion, including a $1 million prize, could provide a short-term marketing and traffic boost, but it is unlikely to materially change the company’s longer-term earnings outlook. McDonald’s Monopoly Returns
• Negative Sentiment: McDonald’s is competing more aggressively on value as customers remain price-conscious, but analysts point to execution gaps and weak traffic. The need for sharper promotions could pressure margins while rivals fight for the same budget-conscious consumers. Value Wars Intensify: Can McDonald’s Stay Ahead of QSR Rivals?
• Negative Sentiment: Shares are declining alongside other restaurant stocks, although Chipotle’s selling has been considerably heavier. McDonald’s stock is near a 52-week low and remains below its 50-day and 200-day moving averages, signaling persistent technical and sector-wide investor caution. Chipotle Sinks as Restaurant Stocks Dip

McDonald's Price Performance

Shares of NYSE:MCD traded up $0.21 on Monday, hitting $232.10. The company's stock had a trading volume of 2,703,578 shares, compared to its average volume of 4,160,918. The company has a market capitalization of $164.25 billion, a PE ratio of 18.86, a PEG ratio of 2.59 and a beta of 0.44. The company has a 50-day simple moving average of $259.04 and a 200 day simple moving average of $277.11. 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 issued its quarterly earnings data on Tuesday, August 4th. The fast-food giant reported $3.38 EPS for the quarter, topping the consensus estimate of $3.32 by $0.06. The company had revenue of $7.10 billion during the quarter, compared to analyst estimates of $7.13 billion. McDonald's had a negative return on equity of 572.06% and a net margin of 31.72%.McDonald's's revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.19 earnings per share. On average, equities research analysts expect that McDonald's Corporation will post 12.85 earnings per share for the current fiscal year.

McDonald's Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a dividend of $1.93 per share. The ex-dividend date is Tuesday, December 1st. This is a boost from McDonald's's previous quarterly dividend of $1.86. This represents a $7.72 annualized dividend and a yield of 3.3%. McDonald's's dividend payout ratio (DPR) is presently 60.44%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Weiss Ratings cut McDonald's from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday. Tigress Financial raised their price objective on shares of McDonald's from $385.00 to $390.00 and gave the company a "buy" rating in a research report on Friday, July 17th. Royal Bank Of Canada reduced their price objective on shares of McDonald's from $290.00 to $285.00 and set a "sector perform" rating for the company in a research note on Thursday, September 24th. Needham & Company LLC reaffirmed a "buy" rating on shares of McDonald's in a report on Monday, September 21st. Finally, Guggenheim lowered their target price on shares of McDonald's from $290.00 to $250.00 and set a "neutral" rating on the stock in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, McDonald's has an average rating of "Moderate Buy" and a consensus target price of $298.52.

McDonald's 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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