McDonald’s Corporation $MCD Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its position in McDonald’s Corporation (NYSE:MCD) by 16.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 558,997 shares of the fast-food giant’s stock after buying an additional 77,620 shares during the period. Pictet Asset Management Holding SA owned approximately 0.08% of McDonald’s worth $129,095,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Ascentis Wealth Management LLC raised its holdings in shares of McDonald’s by 4,008.8% in the 2nd quarter. Ascentis Wealth Management LLC now owns 84,230 shares of the fast-food giant’s stock worth $22,768,000 after acquiring an additional 82,180 shares during the last quarter. Ridgewood Investments LLC bought a new position in McDonald’s in the 3rd quarter valued at about $1,026,000. Borer Denton & Associates Inc. boosted its stake in McDonald’s by 16.9% during the 2nd quarter. Borer Denton & Associates Inc. now owns 13,859 shares of the fast-food giant’s stock valued at $3,746,000 after purchasing an additional 2,000 shares during the last quarter. HighTower Advisors LLC boosted its stake in McDonald’s by 7.1% during the 2nd quarter. HighTower Advisors LLC now owns 1,471,725 shares of the fast-food giant’s stock valued at $397,822,000 after purchasing an additional 97,060 shares during the last quarter. Finally, Viking Fund Management LLC boosted its stake in McDonald’s by 60.0% during the 3rd quarter. Viking Fund Management LLC now owns 40,000 shares of the fast-food giant’s stock valued at $9,238,000 after purchasing an additional 15,000 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on MCD. Freedom Capital raised McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. BMO Capital Markets restated an “outperform” rating on shares of McDonald’s in a report on Thursday. Seaport Research Partners started coverage on McDonald’s in a research report on Wednesday, September 16th. They set a “neutral” rating on the stock. Weiss Ratings cut McDonald’s from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Finally, Bank of America upped their price target on McDonald’s from $339.00 to $343.00 in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell 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 $297.82.

McDonald’s Price Performance

MCD opened at $276.36 on Monday. The company’s 50-day moving average is $248.76 and its 200 day moving average is $282.57. McDonald’s Corporation has a fifty-two week low of $229.20 and a fifty-two week high of $341.75. The firm has a market capitalization of $195.56 billion, a P/E ratio of 21.86, a PEG ratio of 3.20 and a beta of 0.42.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, November 4th. The fast-food giant reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.19. McDonald’s had a net margin of 32.38% and a negative return on equity of 671.56%. 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 company earned $3.22 earnings per share. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities research analysts expect that McDonald’s Corporation will post 12.88 earnings per share for the current year.

McDonald’s Increases Dividend

The company 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. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $7.72 annualized dividend and a dividend yield of 2.8%. This is an increase from McDonald’s’s previous quarterly dividend of $1.86. McDonald’s’s payout ratio is 61.08%.

More McDonald’s News

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

• Positive Sentiment: Argus raised its price target to $320 from $310 and reiterated a “buy” rating, signaling confidence in the stock’s prospects. Argus rating
• Neutral Sentiment: McDonald’s is testing value bundles at nearly 2,000 U.S. restaurants, ahead of a planned national value platform in early 2027. The deals may help bring back customers, but the company is still assessing their effect on traffic and orders. McDonald’s value-bundle test
• Neutral Sentiment: Third-quarter profit beat analyst estimates, but revenue missed and U.S. comparable sales declined. That mixed backdrop helps explain why investors are watching for evidence that value promotions can sustain a domestic recovery. Q3 earnings and U.S. traffic
• Negative Sentiment: Consumers have filed a lawsuit alleging McDonald’s labeled McCafé drinks “sugar free” despite some containing as much as 18 grams of sugar. The allegations are unproven, but the case could create legal and reputational risk. McCafé labeling lawsuit
• Negative Sentiment: Freedom Broker cut its rating from “buy” to “hold” and lowered its price target to $298 from $305, adding a more cautious view alongside the recent analyst optimism. Freedom Broker rating change

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.