NBT Bank N.A. Makes New Investment in McDonald's Corporation $MCD

Key Points

• NBT Bank acquired 58,761 McDonald’s shares worth approximately $13.57 million, making the stock 0.9% of its portfolio. Institutional investors and hedge funds collectively own 70.29% of McDonald’s.
• Analysts maintain a consensus “Moderate Buy” rating with a $295.64 target price, although several firms recently lowered their price objectives.
• McDonald’s exceeded quarterly EPS expectations while reporting $7.10 billion in revenue, and raised its quarterly dividend to $1.93 per share, equivalent to a 3.1% annual yield.

NBT Bank N.A. bought a new position in shares of McDonald's Corporation (NYSE:MCD - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 58,761 shares of the fast-food giant's stock, valued at approximately $13,570,000. McDonald's makes up about 0.9% of NBT Bank N.A.'s holdings, making the stock its 25th biggest holding.

A number of other hedge funds have also modified their holdings of MCD. Ascentis Wealth Management LLC raised its holdings 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 acquiring an additional 82,180 shares during the last quarter. Ridgewood Investments LLC purchased a new position in McDonald's in the 3rd quarter worth approximately $1,026,000. Borer Denton & Associates Inc. lifted its stake in McDonald's by 16.9% in 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 in the last quarter. HighTower Advisors LLC boosted its holdings in shares of McDonald's by 7.1% during the 2nd quarter. HighTower Advisors LLC now owns 1,471,725 shares of the fast-food giant's stock worth $397,822,000 after purchasing an additional 97,060 shares during the last quarter. Finally, Viking Fund Management LLC boosted its holdings in shares of McDonald's by 60.0% during the 3rd quarter. Viking Fund Management LLC now owns 40,000 shares of the fast-food giant's stock worth $9,238,000 after purchasing an additional 15,000 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MCD has been the subject of a number of analyst reports. Guggenheim dropped their price target on McDonald's from $290.00 to $250.00 and set a "neutral" rating for the company in a research report on Monday, October 5th. Mizuho cut their price target on McDonald's from $300.00 to $290.00 and set a "neutral" rating for the company in a report on Friday, July 31st. Morgan Stanley reduced their price objective on McDonald's from $308.00 to $297.00 and set an "equal weight" rating on the stock in a research report on Monday, September 28th. KeyCorp lowered their price objective on McDonald's from $305.00 to $280.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 6th. Finally, JPMorgan Chase & Co. lowered their price objective on McDonald's from $280.00 to $260.00 and set an "overweight" rating on the stock in a research note on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, McDonald's presently has a consensus rating of "Moderate Buy" and a consensus target price of $295.64.

McDonald's Trading Up 2.5%

McDonald's stock opened at $252.50 on Friday. McDonald's Corporation has a 12-month low of $229.20 and a 12-month high of $341.75. The stock has a market cap of $178.68 billion, a P/E ratio of 20.51, a PEG ratio of 2.76 and a beta of 0.44. The company has a 50-day moving average price of $249.91 and a 200 day moving average price of $270.11.

McDonald's (NYSE:MCD - Get Free Report) last issued 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. The company had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $7.13 billion. McDonald's had a net margin of 31.72% and a negative return on equity of 572.06%. McDonald's's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.19 earnings per share. As a group, analysts forecast that McDonald's Corporation will post 12.84 EPS for the current year.

McDonald's Increases Dividend

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

McDonald's News Roundup

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

• Positive Sentiment: McDonald’s recently raised its dividend and has joined the “Dividend Kings,” supporting the stock’s income appeal. At roughly 29% below its 52-week high and with a reported yield near 3.2%, some analysts view the sell-off as a potential long-term entry point. McDonald’s Is 29% Below Its 52-Week High and Yields 3.2%
• Positive Sentiment: The McRib’s limited-time return, along with Halloween promotions and other collectible-focused offerings, could generate customer traffic and incremental sales. Menu innovation—including chicken launches and limited-time products—is being viewed as a possible way to offset slower U.S. comparable sales. Can MCD’s Menu Innovation Offset Slower U.S. Comparable Sales Growth?
• Neutral Sentiment: McDonald’s is planning its first chef’s-table event led by “Top Chef” winner Tristen Epps. The high-profile experience may create brand publicity, but its direct financial contribution is likely limited. McDonald’s Is Hosting Its First-Ever Chef’s Table Experience
• Neutral Sentiment: Analysts expect a single-digit earnings increase when McDonald’s reports third-quarter results next month. The forecast offers some earnings support, though investors will likely focus on comparable sales, traffic and management’s outlook. McDonald’s Q3 2026 Earnings: What to Expect
• Negative Sentiment: McDonald’s continues to face weak customer traffic and pressure to balance affordability with profitability. Taco Bell’s rollout of a $2 offering highlights the intensifying value competition and could make pricing decisions more difficult. Taco Bell Rolls Out $2 Item as McDonald’s Wrestles With Pricing
• Negative Sentiment: The company is accused in federal court of using artificial intelligence in an alleged price-fixing scheme. McDonald’s says the lawsuit contains inaccuracies, but the claims create potential legal, reputational and regulatory risk. McDonald’s Accused of AI-Fueled Price Fixing

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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