McDonald's Corporation $MCD Stock Sold by Talbot Financial LLC

Key Points

• Talbot Financial cut its McDonald’s stake by 91.6% in the third quarter, selling 33,602 shares and retaining 3,092 shares worth approximately $714,000.
• Despite Talbot’s reduction, several major institutions increased their holdings, and institutional investors collectively own 70.29% of McDonald’s stock. Analysts maintain a “Moderate Buy” consensus with an average price target of $295.94.
• McDonald’s shares recently traded at $243.05, while the company reported quarterly EPS of $3.38, narrowly exceeding estimates, and raised its quarterly dividend to $1.93, implying a 3.2% yield.

Talbot Financial LLC lessened its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 91.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,092 shares of the fast-food giant's stock after selling 33,602 shares during the period. Talbot Financial LLC's holdings in McDonald's were worth $714,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MCD. State Street Corp boosted its position in shares of McDonald's by 1.8% during the 2nd quarter. State Street Corp now owns 36,080,505 shares of the fast-food giant's stock valued at $9,752,921,000 after acquiring an additional 646,675 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of McDonald's in the second quarter worth approximately $1,359,276,000. Arrowstreet Capital Limited Partnership raised its stake in McDonald's by 17.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,637,785 shares of the fast-food giant's stock valued at $1,130,587,000 after purchasing an additional 533,448 shares in the last quarter. Diamant Asset Management Inc. raised its stake in 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 valued at $806,917,000 after purchasing an additional 2,587,986 shares in the last quarter. Finally, Swiss National Bank lifted its position in McDonald's by 6.9% during the first quarter. Swiss National Bank now owns 2,089,980 shares of the fast-food giant's stock valued at $649,545,000 after purchasing an additional 134,480 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of research reports. Seaport Research Partners initiated coverage on shares of McDonald's in a research note on Wednesday, September 16th. They issued a "neutral" rating for the company. Mizuho lowered their price objective on shares of McDonald's from $300.00 to $290.00 and set a "neutral" rating on the stock in a research report on Friday, July 31st. Melius Research lowered their price objective on shares of McDonald's from $250.00 to $230.00 and set a "sell" rating on the stock in a research report on Monday, September 28th. HC Wainwright set a $250.00 price objective on shares of McDonald's in a report on Friday, September 25th. Finally, BMO Capital Markets cut their target price on shares of McDonald's from $335.00 to $310.00 and set an "outperform" rating for the company in a research report on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $295.94.

McDonald's Stock Up 0.0%

Shares of MCD traded up $0.08 during trading hours on Monday, hitting $243.05. The company had a trading volume of 2,353,579 shares, compared to its average volume of 4,257,142. McDonald's Corporation has a 52-week low of $229.20 and a 52-week high of $341.75. The stock's 50 day moving average price is $252.05 and its 200 day moving average price is $271.83. The firm has a market cap of $171.99 billion, a P/E ratio of 19.74, a P/E/G ratio of 2.72 and a beta of 0.44.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly 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. The business had revenue of $7.10 billion for 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 for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $3.19 EPS. On average, research analysts expect that McDonald's Corporation will post 12.84 EPS 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. Stockholders of record on Tuesday, December 1st will be issued a $1.93 dividend. This is a positive change from McDonald's's previous quarterly dividend of $1.86. This represents a $7.72 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Tuesday, December 1st. McDonald's's dividend payout ratio (DPR) is 60.44%.

More McDonald's News

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

• Positive Sentiment: Analyst commentary describes McDonald’s as an undervalued opportunity, citing the company’s powerful franchise model, global scale, cash-generation potential and ability to benefit from digital sales and strategic initiatives. Another analysis argues investors should focus on the company’s underlying operating performance rather than short-term market noise. McDonald’s: An Underrated Opportunity Hiding In Plain Sight Tune Out The Noise, This Is What Matters For McDonald’s
• Positive Sentiment: McDonald’s is introducing or promoting new chicken offerings, which could support traffic and menu innovation, although the reported product is not available to all customers or markets. McDonald’s has launched a new chicken product
• Neutral Sentiment: Coverage of the appeal of McDonald’s Chicken McNuggets and a possible sauce addition to the McMuffin reinforces brand engagement, but is unlikely to materially affect near-term revenue or profits. The Real Reason McDonald’s Chicken Nuggets Are So Good Your McDonald’s McMuffin Is Missing This Special Sauce
• Positive Sentiment: The return of Disney-villain Boo Buckets for Halloween and other seasonal promotions could generate incremental visits and merchandise interest, though the financial impact is likely modest. McDonald’s Boo Buckets return with Disney villains theme
• Negative Sentiment: A lawsuit alleges McDonald’s used AI-related practices to “nickel-and-dime” customers. The claims have not been established, but the litigation could create reputational, regulatory and legal-cost risks if it gains traction. Lawsuit accuses McDonald’s of AI scheme

About McDonald's

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.

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.