3,420 McDonald’s Corporation $MCD Shares Sold by Weaver Capital Management LLC

Weaver Capital Management LLC lowered its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 33.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,830 shares of the fast-food giant’s stock after selling 3,420 shares during the quarter. Weaver Capital Management LLC’s holdings in McDonald’s were worth $1,577,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp bought a new stake in McDonald’s during the 2nd quarter worth approximately $1,359,276,000. Diamant Asset Management Inc. raised 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 period. Corient Private Wealth LLC lifted its stake in McDonald’s by 94.7% in the fourth quarter. Corient Private Wealth LLC now owns 1,644,109 shares of the fast-food giant’s stock valued at $502,489,000 after buying an additional 799,462 shares in the last quarter. Bessemer Group Inc. lifted its stake in McDonald’s by 132.1% in the first quarter. Bessemer Group Inc. now owns 1,325,880 shares of the fast-food giant’s stock valued at $412,071,000 after buying an additional 754,596 shares in the last quarter. Finally, State Street Corp lifted its stake in McDonald’s by 1.8% in the second quarter. State Street Corp now owns 36,080,505 shares of the fast-food giant’s stock valued at $9,752,921,000 after buying an additional 646,675 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s News Roundup

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

• Positive Sentiment: Consumer-stock rotation provided support. Investors have been shifting money out of technology stocks and into beaten-down consumer names, giving McDonald’s and other restaurant stocks a lift. These Consumer Stocks Are Getting a Lift as Investors Rotate Out of Tech
• Positive Sentiment: Options trading indicates near-term bullish positioning. Traders purchased 42,937 MCD call options, about 24% above typical daily call volume. This can signal expectations for a rebound, although it does not guarantee sustained buying.
• Positive Sentiment: Limited-time promotions may help traffic. McDonald’s is bringing back a popular meal and its Halloween Boo Buckets, featuring a Disney-villain theme. These promotions could support customer engagement and sales during the quarter. McDonald’s is bringing back an iconic meal for a limited time
• Positive Sentiment: Dividend status remains a long-term attraction. McDonald’s has become a Dividend King, supported by its franchised business model, royalty income and pricing power. Nevertheless, future dividend growth depends on earnings recovery. McDonald’s Dividend King Status Is Impressive, but Valuation Still Matters

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Bank of America upped their price target on shares of McDonald’s from $339.00 to $343.00 in a report on Wednesday, August 5th. Guggenheim dropped their price objective on shares of McDonald’s from $290.00 to $250.00 and set a “neutral” rating on the stock in a report on Monday, October 5th. Weiss Ratings lowered shares of McDonald’s from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. Rothschild & Co Redburn cut their price objective on shares of McDonald’s from $306.00 to $285.00 in a research report on Wednesday, August 26th. Finally, Morgan Stanley cut their price objective on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and an average target price of $295.94.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $242.67 on Friday. The firm has a market cap of $171.72 billion, a PE ratio of 19.71, a P/E/G ratio of 2.67 and a beta of 0.44. The business’s 50 day simple moving average is $252.68 and its 200 day simple moving average is $272.30. McDonald’s Corporation has a 52-week low of $229.20 and a 52-week high of $341.75.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.06. McDonald’s had a negative return on equity of 572.06% and a net margin of 31.72%. The firm had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $7.13 billion. During the same quarter in the prior year, the firm posted $3.19 EPS. The business’s revenue was up 3.7% on a year-over-year basis. As a group, equities research analysts predict that McDonald’s Corporation will post 12.84 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a $1.93 dividend. This represents a $7.72 dividend on an annualized basis and a dividend yield of 3.2%. This is a boost from McDonald’s’s previous quarterly dividend of $1.86. The ex-dividend date is Tuesday, December 1st. McDonald’s’s dividend payout ratio is 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.