Keybank National Association OH Sells 10,127 Shares of McDonald’s Corporation $MCD

Keybank National Association OH lowered its stake in shares of McDonald’s Corporation (NYSE:MCD) by 2.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 345,155 shares of the fast-food giant’s stock after selling 10,127 shares during the quarter. Keybank National Association OH’s holdings in McDonald’s were worth $79,710,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cassia Capital Partners LLC boosted its holdings in McDonald’s by 10.7% during the third quarter. Cassia Capital Partners LLC now owns 5,077 shares of the fast-food giant’s stock worth $1,173,000 after purchasing an additional 492 shares during the last quarter. Gables Capital Management Inc. grew its position in McDonald’s by 18.9% in the 3rd quarter. Gables Capital Management Inc. now owns 16,111 shares of the fast-food giant’s stock worth $3,721,000 after purchasing an additional 2,560 shares in the last quarter. Marathon Wealth Advisors LLC increased its stake in McDonald’s by 0.6% in the 3rd quarter. Marathon Wealth Advisors LLC now owns 10,571 shares of the fast-food giant’s stock valued at $2,441,000 after buying an additional 61 shares during the last quarter. Gen Wealth Partners Inc increased its stake in McDonald’s by 5.0% in the 3rd quarter. Gen Wealth Partners Inc now owns 7,848 shares of the fast-food giant’s stock valued at $1,812,000 after buying an additional 374 shares during the last quarter. Finally, Kinsale Capital Group Inc. increased its stake in McDonald’s by 2.4% in the 3rd quarter. Kinsale Capital Group Inc. now owns 43,309 shares of the fast-food giant’s stock valued at $10,002,000 after buying an additional 1,025 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about McDonald’s

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

• Positive Sentiment: McDonald’s is expanding its Uber partnership across 14 markets, adding delivery and digital-ordering capabilities and loyalty benefits. The effort could improve convenience and generate incremental sales. McDonald’s Expands Uber Partnership: Can It Drive More Growth?
• Positive Sentiment: The company is planning a broader beverage lineup to compete for customers’ drink purchases, potentially creating a new source of sales growth. McDonald’s new drinks take aim at your Starbucks order
• Positive Sentiment: A Pokémon Happy Meal promotion featuring toys and trading cards may boost customer interest and near-term visits, although the articles provide no estimate of its financial impact. McDonald’s x Pokémon collab is now live
• Negative Sentiment: Recent coverage highlights continuing U.S. challenges: guest counts are declining and quarterly revenue missed expectations, despite an earnings-per-share beat. A value bundle being tested at 1,900 restaurants could help, but its results remain uncertain. MCD Stock Outlook: Wall Street Eyes a Potential Upside Breakout After Q3 Results
• Negative Sentiment: One analysis says MCD’s roughly 24% rebound over the past month may have limited further upside, citing free-cash-flow figures. Higher Treasury yields may also weigh on stock valuations more broadly. McDonald’s Stock Is Up 24% in the Last Month – Is MCD Near a Peak?

McDonald’s Stock Performance

MCD stock opened at $282.11 on Wednesday. The stock has a fifty day moving average of $249.44 and a 200-day moving average of $282.33. McDonald’s Corporation has a fifty-two week low of $229.20 and a fifty-two week high of $341.75. The company has a market capitalization of $199.11 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 3.25 and a beta of 0.42.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Wednesday, November 4th. The fast-food giant reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.19. McDonald’s had a negative return on equity of 826.29% and a net margin of 32.38%. The business had revenue of $7.16 billion for the quarter, compared to analysts’ expectations of $7.28 billion. During the same period in the previous year, the business posted $3.22 EPS. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities analysts predict that McDonald’s Corporation will post 12.91 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently announced 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 is a boost from McDonald’s’s previous quarterly dividend of $1.86. This represents a $7.72 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, December 1st. McDonald’s’s dividend payout ratio (DPR) is 58.86%.

Analysts Set New Price Targets

Several equities analysts have commented on MCD shares. HSBC began coverage on shares of McDonald’s in a research report on Thursday, November 5th. They set a “strong-buy” rating on the stock. JPMorgan Chase & Co. upped their target price on McDonald’s from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, November 5th. Jefferies Financial Group decreased their price target on McDonald’s from $260.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, September 29th. DZ Bank reiterated a “buy” rating on shares of McDonald’s in a report on Thursday, September 24th. Finally, Tigress Financial boosted their price objective on McDonald’s from $385.00 to $390.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $297.82.

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.