CORDA Investment Management LLC. Grows Position in McDonald’s Corporation $MCD

CORDA Investment Management LLC. boosted its holdings in McDonald’s Corporation (NYSE:MCD) by 5.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 89,124 shares of the fast-food giant’s stock after purchasing an additional 4,571 shares during the quarter. McDonald’s makes up approximately 1.5% of CORDA Investment Management LLC.’s holdings, making the stock its 27th largest position. CORDA Investment Management LLC.’s holdings in McDonald’s were worth $24,091,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Arizona State Retirement System lifted its holdings in shares of McDonald’s by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 197,122 shares of the fast-food giant’s stock valued at $53,284,000 after purchasing an additional 2,005 shares during the last quarter. Edge Wealth Management LLC grew its position in McDonald’s by 0.6% in the 2nd quarter. Edge Wealth Management LLC now owns 24,312 shares of the fast-food giant’s stock valued at $6,572,000 after buying an additional 141 shares during the last quarter. Waverly Advisors LLC increased its stake in shares of McDonald’s by 39.4% during the second quarter. Waverly Advisors LLC now owns 169,676 shares of the fast-food giant’s stock worth $45,865,000 after acquiring an additional 47,943 shares during the period. Nykredit A S acquired a new position in McDonald’s during the second quarter worth $64,739,000. Finally, Parkside Financial Bank & Trust lifted its stake in shares of McDonald’s by 4.2% in the second quarter. Parkside Financial Bank & Trust now owns 7,513 shares of the fast-food giant’s stock valued at $2,031,000 after purchasing an additional 305 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Key Stories Impacting McDonald’s

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

• Positive Sentiment: McDonald’s is reportedly slowing its restaurant expansion to protect returns as construction costs rise and consumers remain price-sensitive. A more disciplined development pace could improve new-restaurant economics and reduce capital risk. Can MCD’s Slower Expansion Pace Help Protect New-Restaurant Returns?
• Positive Sentiment: A Milwaukee franchisee says sales at his seven locations are growing at double-digit rates, attributing the gains to local execution, customer engagement and operational initiatives. The example suggests individual operators can still outperform despite broader U.S. sales softness. McDonald’s franchisee sales are up
• Neutral Sentiment: McDonald’s is rethinking its strategy as an unexpected customer group increasingly buys Happy Meals, potentially broadening the product’s appeal beyond children. The report signals a marketing opportunity but provides no immediate financial forecast. McDonald’s CEO Says an Unlikely Group Is Turning to Happy Meals
• Neutral Sentiment: The company plans a first-of-its-kind U.K. location where customers can make their own burgers. The experiential concept could generate publicity and engagement, but its impact on companywide results is likely limited initially. McDonald’s reveals new UK store
• Neutral Sentiment: Market coverage continues to describe McDonald’s as a defensive stock ahead of inflation data and the Federal Reserve’s rate decision, which may support investor interest during periods of volatility. 5 Defensive Stocks to Watch
• Negative Sentiment: Analysts note that McDonald’s U.S. sales have slowed because of execution issues, even as other major franchised restaurant companies reported stronger results. This is the clearest fundamental pressure on MCD and helps explain its weaker share performance. Why Franchise Models Are Winning the Restaurant Stock Divide
• Negative Sentiment: Reports of customers criticizing a children’s area that lacks toys or playground equipment could reinforce concerns about an uneven in-store experience, though the issue appears localized. McDonald’s also deleted a viral post involving a controversial intern claim, creating a minor reputational and social-media risk. McDonald’s guests criticize kids corner McDonald’s deletes viral post

Analysts Set New Price Targets

MCD has been the subject of several analyst reports. TD Cowen reissued a “hold” rating on shares of McDonald’s in a research note on Tuesday, August 4th. Royal Bank Of Canada dropped their price target on McDonald’s from $305.00 to $295.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 5th. Freedom Capital raised shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Argus decreased their price target on McDonald’s from $320.00 to $310.00 and set a “buy” rating for the company in a report on Wednesday, August 26th. Finally, KeyCorp lowered their target price on McDonald’s from $315.00 to $305.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.35.

McDonald’s Price Performance

MCD stock traded down $0.16 on Tuesday, reaching $255.53. The company’s stock had a trading volume of 4,196,825 shares, compared to its average volume of 3,941,729. The company has a market capitalization of $180.82 billion, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 2.76 and a beta of 0.41. McDonald’s Corporation has a 52 week low of $254.28 and a 52 week high of $341.75. The firm has a fifty day moving average of $269.43 and a two-hundred day moving average of $288.61.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 EPS for the quarter, topping the consensus estimate of $3.32 by $0.06. The firm had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $7.13 billion. McDonald’s had a negative return on equity of 572.06% and a net margin of 31.72%.The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.19 earnings per share. As a group, equities analysts expect that McDonald’s Corporation will post 12.87 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Tuesday, September 1st will be paid a $1.86 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $7.44 annualized dividend and a dividend yield of 2.9%. McDonald’s’s payout ratio is presently 60.44%.

Insider Activity at McDonald’s

In other news, insider Joseph Erlinger sold 5,252 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was 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 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. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

McDonald’s 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.