McDonald’s Corporation $MCD Shares Acquired by SteelPeak Wealth LLC

SteelPeak Wealth LLC lifted its stake in shares of McDonald’s Corporation (NYSE:MCD) by 44.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,064 shares of the fast-food giant’s stock after purchasing an additional 11,058 shares during the period. SteelPeak Wealth LLC’s holdings in McDonald’s were worth $11,208,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in McDonald’s during the fourth quarter valued at approximately $2,890,438,000. Diamant Asset Management Inc. lifted its holdings in McDonald’s by 30,979.0% during the 1st quarter. Diamant Asset Management Inc. now owns 2,596,340 shares of the fast-food giant’s stock worth $806,917,000 after buying an additional 2,587,986 shares during the last quarter. J. Stern & Co. LLP grew its position in shares of McDonald’s by 9,867.5% in the 4th quarter. J. Stern & Co. LLP now owns 2,541,008 shares of the fast-food giant’s stock worth $776,608,000 after acquiring an additional 2,515,515 shares in the last quarter. Viking Global Investors LP grew its position in shares of McDonald’s by 171.7% in the 2nd quarter. Viking Global Investors LP now owns 3,125,432 shares of the fast-food giant’s stock worth $913,157,000 after acquiring an additional 1,974,998 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of McDonald’s by 49.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,104,337 shares of the fast-food giant’s stock valued at $948,779,000 after acquiring an additional 1,033,041 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

More McDonald’s News

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

• Positive Sentiment: McDonald’s is rolling out new limited-time items, including Caesar sauce, new chicken offerings, and other menu tests, which could help boost customer interest and restaurant traffic. McDonald’s builds its new menu around a flavor it never sold
• Positive Sentiment: Analysts continue to view McDonald’s as a strong defensive restaurant name, with commentary pointing to customer engagement, value messaging, and marketing campaigns as potential supports for sales. Can McDonald’s Global Marketing Strategy Drive Customer Traffic?
• Positive Sentiment: One Wall Street note kept a Buy rating on MCD even while trimming its price target, suggesting analysts still see upside from current levels. Citigroup price target change
• Neutral Sentiment: McDonald’s is drawing extra attention from investors and traders, with recent coverage framing the stock as a valuation and defensive-name debate rather than a clear new catalyst. MCD at $268, Starbucks at $106: Buy, Sell or Hold?
• Negative Sentiment: Several articles focus on ongoing “McProblem” issues, including concerns that McDonald’s traffic and business momentum have not improved enough, which may be reinforcing investor worries about the core growth outlook. McDonald’s has a McProblem that’s not getting better
• Negative Sentiment: Another report says McDonald’s stock is near its lowest levels in almost two years, highlighting pressure from weaker sentiment and a more cautious view of the company’s growth. Why McDonald’s stock is at nearly 2-year lows

McDonald’s Trading Up 3.2%

Shares of NYSE MCD opened at $273.38 on Friday. The company has a market cap of $194.24 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 2.75 and a beta of 0.41. McDonald’s Corporation has a 12-month low of $264.09 and a 12-month high of $341.75. The stock’s 50 day simple moving average is $277.23 and its 200 day simple moving average is $300.56.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $0.09. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.The firm had revenue of $6.52 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same period in the prior year, the business earned $2.67 EPS. The firm’s revenue was up 9.4% on a year-over-year basis. As a group, equities analysts forecast that McDonald’s Corporation will post 12.9 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were issued a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is 61.34%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. KeyCorp reissued an “overweight” rating on shares of McDonald’s in a research report on Wednesday. Rothschild & Co Redburn upgraded shares of McDonald’s from a “sell” rating to a “neutral” rating and boosted their target price for the company from $260.00 to $306.00 in a research note on Thursday, April 23rd. Weiss Ratings cut shares of McDonald’s from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Evercore set a $350.00 target price on shares of McDonald’s in a report on Friday, May 8th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of McDonald’s in a research report on Monday, June 22nd. Fifteen investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $335.58.

Insider Activity

In related news, insider Joseph M. Erlinger sold 5,252 shares of McDonald’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total value of $1,493,248.64. Following the sale, the insider directly owned 7,734 shares in the company, valued at $2,198,930.88. This trade represents a 40.44% decrease in their position. The sale 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 business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $278.36, for a total transaction of $769,108.68. Following the transaction, the executive vice president directly owned 6,268 shares of the company’s stock, valued at $1,744,760.48. The trade was a 30.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 8,681 shares of company stock worth $2,456,440. 0.26% of the stock is currently owned by insiders.

McDonald’s Company 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.