McDonald’s Corporation $MCD Position Increased by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. boosted its stake in shares of McDonald’s Corporation (NYSE:MCD) by 105.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,700 shares of the fast-food giant’s stock after purchasing an additional 12,700 shares during the period. Inspire Trust Co. N.A.’s holdings in McDonald’s were worth $5,704,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp lifted its position in McDonald’s by 1.8% in the 2nd quarter. State Street Corp now owns 36,080,505 shares of the fast-food giant’s stock worth $9,752,921,000 after buying an additional 646,675 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of McDonald’s during the 2nd quarter valued at $1,359,276,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of McDonald’s by 17.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,637,785 shares of the fast-food giant’s stock valued at $1,130,587,000 after buying an additional 533,448 shares during the period. Swiss National Bank grew its holdings in shares of McDonald’s by 6.9% during the 1st quarter. Swiss National Bank now owns 2,089,980 shares of the fast-food giant’s stock valued at $649,545,000 after acquiring an additional 134,480 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of 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 valued at $593,366,000 after acquiring an additional 62,562 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s News Summary

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?

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Rothschild & Co Redburn dropped their price target on shares of McDonald’s from $306.00 to $285.00 in a research note on Wednesday, August 26th. Wells Fargo & Company lifted their price objective on McDonald’s from $270.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, November 5th. Guggenheim lowered their target price 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. Weiss Ratings lowered McDonald’s from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Finally, Daiwa Securities Group dropped their target price on McDonald’s from $309.00 to $293.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $297.82.

McDonald’s Stock Up 0.2%

MCD stock opened at $282.11 on Wednesday. The company has a market capitalization of $199.11 billion, a price-to-earnings ratio of 22.32, a P/E/G ratio of 3.25 and a beta of 0.42. McDonald’s Corporation has a 12 month low of $229.20 and a 12 month high of $341.75. The firm has a 50 day moving average of $249.44 and a two-hundred day moving average of $282.33.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, November 4th. The fast-food giant reported $3.57 EPS for the quarter, topping the consensus estimate of $3.38 by $0.19. The company had revenue of $7.16 billion for the quarter, compared to analyst estimates of $7.28 billion. McDonald’s had a net margin of 32.38% and a negative return on equity of 826.29%. McDonald’s’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.22 EPS. On average, research analysts expect that McDonald’s Corporation will post 12.91 EPS for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a $1.93 dividend. 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 is currently 58.86%.

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.