Bank of America Corp DE Sells 263,220 Shares of McDonald’s Corporation $MCD

Bank of America Corp DE decreased its position in shares of McDonald’s Corporation (NYSE:MCD) by 2.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 12,156,558 shares of the fast-food giant’s stock after selling 263,220 shares during the period. Bank of America Corp DE’s holdings in McDonald’s were worth $3,778,137,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MCD. Norges Bank bought a new stake in McDonald’s during the 4th quarter worth approximately $2,890,438,000. Diamant Asset Management Inc. raised its position in McDonald’s by 30,979.0% in the 1st 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 during the last quarter. J. Stern & Co. LLP raised its position in 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 valued at $776,608,000 after purchasing an additional 2,515,515 shares during the last quarter. Viking Global Investors LP boosted its stake in McDonald’s by 171.7% in the second quarter. Viking Global Investors LP now owns 3,125,432 shares of the fast-food giant’s stock worth $913,157,000 after purchasing an additional 1,974,998 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in 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 worth $948,779,000 after purchasing an additional 1,033,041 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

More McDonald’s News

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

• Positive Sentiment: McDonald’s continues to offer an attractive income profile after affirming its quarterly dividend of $1.86 per share, payable Sept. 16 to shareholders of record Sept. 1. The company has increased its dividend for approximately 50 consecutive years. McDonald’s Faces Digital And Sales Concerns, Is The Stock Fully Valued?
• Positive Sentiment: Despite the recent weakness, Wall Street’s average price targets reportedly remain well above the current market price, suggesting potential upside if sales stabilize and the company executes on its strategy. McDonald’s, Oracle, and Uber Are Near 52-Week Lows
• Neutral Sentiment: McDonald’s is scheduled to report earnings on Aug. 4. Analysts expect full-year EPS of about $12.86, while recent coverage suggests earnings growth remains possible but does not identify a strong setup for a near-term earnings beat. McDonald’s Earnings Expected to Grow
• Negative Sentiment: RBC expects McDonald’s same-store-sales growth to slow in the second and third quarters, raising concerns about consumer demand and the company’s ability to sustain traffic and pricing momentum. McDonald’s Same-Store-Sales Growth Seen Slowing
• Negative Sentiment: Erste Group Bank trimmed its FY2026 EPS forecast to $12.92 from $12.98 and its FY2027 estimate to $14.15 from $14.19, maintaining a “Hold” rating. UBS has also issued a pessimistic forecast, adding to cautious sentiment. UBS Group Issues Pessimistic Forecast for McDonald’s
• Negative Sentiment: Rising beef prices are weighing on investor sentiment and could pressure restaurant margins. Additional concerns include digital-sales execution and whether McDonald’s valuation is justified given its weaker recent performance. McDonald’s Fell as Rising Beef Prices Weighed on Sentiment

Analysts Set New Price Targets

MCD has been the subject of a number of research reports. KeyCorp restated an “overweight” rating on shares of McDonald’s in a research note on Wednesday, July 15th. UBS Group reduced their price target on shares of McDonald’s from $365.00 to $340.00 and set a “buy” rating on the stock in a research report on Monday. Erste Group Bank lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Sanford C. Bernstein restated a “market perform” rating on shares of McDonald’s in a research report on Monday, June 22nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of McDonald’s from $325.00 to $305.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Fifteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and an average price target of $333.32.

Insider Activity

In other news, EVP Desiree Ralls-Morrison sold 2,763 shares of McDonald’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $278.36, for a total transaction of $769,108.68. Following the completion of the sale, the executive vice president owned 6,268 shares in the company, valued at $1,744,760.48. The trade was a 30.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 5,252 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the sale, the insider directly owned 7,734 shares of the company’s stock, valued at approximately $2,198,930.88. This trade represents a 40.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,348 shares of company stock valued at $2,355,634 over the last three months. Company insiders own 0.26% of the company’s stock.

McDonald’s Stock Performance

NYSE MCD opened at $271.34 on Thursday. The stock has a fifty day moving average of $275.42 and a 200-day moving average of $298.15. The stock has a market capitalization of $192.79 billion, a P/E ratio of 22.37, a price-to-earnings-growth ratio of 2.93 and a beta of 0.41. McDonald’s Corporation has a 52 week low of $260.96 and a 52 week high of $341.75.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $6.52 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same quarter in the prior year, the firm posted $2.67 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities research analysts forecast that McDonald’s Corporation will post 12.86 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 1st. McDonald’s’s payout ratio is currently 61.34%.

About McDonald’s

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.