McDonald’s Corporation $MCD Shares Sold by Northeast Investment Management

Northeast Investment Management lessened its stake in McDonald’s Corporation (NYSE:MCD) by 2.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 74,254 shares of the fast-food giant’s stock after selling 2,102 shares during the quarter. Northeast Investment Management’s holdings in McDonald’s were worth $17,148,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. State Street Corp raised its holdings in shares of McDonald’s by 1.8% during the second quarter. State Street Corp now owns 36,080,505 shares of the fast-food giant’s stock worth $9,752,921,000 after acquiring an additional 646,675 shares during the period. Bank of New York Mellon Corp acquired a new position in McDonald’s in the 2nd quarter worth $1,359,276,000. Arrowstreet Capital Limited Partnership boosted its stake in McDonald’s by 17.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,637,785 shares of the fast-food giant’s stock worth $1,130,587,000 after purchasing an additional 533,448 shares during the period. Swiss National Bank boosted its stake in McDonald’s by 6.9% in the 1st quarter. Swiss National Bank now owns 2,089,980 shares of the fast-food giant’s stock worth $649,545,000 after purchasing an additional 134,480 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in McDonald’s by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,909,321 shares of the fast-food giant’s stock worth $593,366,000 after purchasing an additional 62,562 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MCD. Guggenheim dropped their price target on McDonald’s from $290.00 to $250.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. DZ Bank reaffirmed a “buy” rating on shares of McDonald’s in a research report on Thursday, September 24th. Argus decreased their price objective on McDonald’s from $320.00 to $310.00 and set a “buy” rating for the company in a report on Wednesday, August 26th. TD Cowen increased their price objective on McDonald’s from $270.00 to $285.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, Robert W. Baird dropped their target price on McDonald’s from $285.00 to $250.00 and set a “neutral” rating on the stock in a research report 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 given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $293.21.

Key McDonald’s News

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

• Positive Sentiment: Third-quarter adjusted EPS was $3.57, above the $3.38 analyst estimate, with stronger franchised margins contributing. Global comparable sales rose 1.5%, led by international markets. McDonald’s Q3 Earnings Beat on Franchised Margins, Revenues Miss
• Positive Sentiment: Management says U.S. sales improved as the quarter progressed and is planning more affordable bundles, digital deals, and other value initiatives to attract budget-conscious customers. Investors may view these plans as a path to a domestic rebound. McDonald’s Puts Focus on Entry-Level Value to Lift Sluggish Sales
• Neutral Sentiment: Holiday drink offerings and a Pokémon Happy Meal promotion add seasonal marketing opportunities, though their impact on overall sales is uncertain. McDonald’s Pokémon Happy Meal Returns Nov. 10 With Cards
• Negative Sentiment: Revenue of $7.16 billion fell short of expectations near $7.28 billion. U.S. comparable sales declined 0.2%—the first drop in six quarters—as customers facing high living costs pulled back and restaurant traffic weakened. McDonald’s US sales decline for first time in six quarters despite value push
• Negative Sentiment: Value promotions may pressure economics and come amid reported tensions with franchisees. Separately, a judge allowed a lawsuit challenging McRib marketing to proceed, creating a potential legal and reputational overhang. McDonald’s facing lawsuit over meat in cult-favorite sandwich

McDonald’s Trading Up 6.5%

NYSE MCD opened at $280.20 on Thursday. The firm’s fifty day moving average price is $248.20 and its two-hundred day moving average price is $282.85. The firm has a market capitalization of $198.28 billion, a P/E ratio of 22.76, a price-to-earnings-growth ratio of 3.01 and a beta of 0.42. McDonald’s Corporation has a 1 year low of $229.20 and a 1 year high of $341.75.

McDonald’s (NYSE:MCD) last issued its earnings results on Wednesday, November 4th. The fast-food giant reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.19. McDonald’s had a net margin of 31.72% and a negative return on equity of 572.06%. The business had revenue of $7.16 billion during the quarter, compared to the consensus estimate of $7.28 billion. During the same period last year, the business posted $3.22 EPS. McDonald’s’s revenue was up 1.1% on a year-over-year basis. On average, research analysts anticipate that McDonald’s Corporation will post 12.82 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently disclosed 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. This represents a $7.72 dividend on an annualized basis and a yield of 2.8%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend is Tuesday, December 1st. McDonald’s’s dividend payout ratio (DPR) is presently 60.44%.

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.