McDonald’s Corporation $MCD Stock Holdings Decreased by Northeast Investment Management

Northeast Investment Management lessened its stake in McDonald’s Corporation (NYSE:MCD) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 76,959 shares of the fast-food giant’s stock after selling 2,233 shares during the quarter. Northeast Investment Management’s holdings in McDonald’s were worth $23,918,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in McDonald’s during the fourth quarter valued at approximately $2,890,438,000. J. Stern & Co. LLP grew its position in shares of McDonald’s by 9,867.5% in the 4th quarter. J. Stern & Co. LLP now owns 2,541,008 shares of the fast-food giant’s stock worth $776,608,000 after acquiring an additional 2,515,515 shares in the last quarter. Viking Global Investors LP increased its holdings in shares of McDonald’s by 171.7% in the 2nd quarter. Viking Global Investors LP now owns 3,125,432 shares of the fast-food giant’s stock valued at $913,157,000 after acquiring an additional 1,974,998 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of McDonald’s by 36.6% in the 3rd quarter. Franklin Resources Inc. now owns 4,396,837 shares of the fast-food giant’s stock valued at $1,336,155,000 after acquiring an additional 1,179,244 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of McDonald’s by 111.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,071,296 shares of the fast-food giant’s stock valued at $629,446,000 after acquiring an additional 1,090,849 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

More McDonald’s News

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

• Positive Sentiment: McDonald’s is being highlighted as part of the defensive restaurant group that can benefit when lower oil prices ease pressure on consumers, potentially supporting traffic and spending. Jack in the Box and First Watch Stocks Trade Up, What You Need To Know
• Positive Sentiment: Investors are paying attention to McDonald’s new “McDonald’s NEXT” modernization program, which aims to improve food quality, add automation, deepen digital engagement, and strengthen franchise economics over time. How Investors May Respond To McDonald’s (MCD) McDonald’s NEXT Modernization And Evolving Cash-Flow Story
• Positive Sentiment: McDonald’s China announced a sustainability partnership with Syngenta and McCain to build a more resilient potato supply chain, which could support long-term supply stability for fries and other menu items. Syngenta Group China Partners With McDonald’s and McCain for a More Sustainable Potato Supply Chain
• Neutral Sentiment: McDonald’s is drawing increased investor attention, but the related Zacks pieces are mostly stock-screening and comparison articles rather than new fundamental developments. McDonald’s Corporation (MCD) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Recent consumer-interest stories around McDonald’s products and promotions, including the fried apple pie and FIFA World Cup 26 meals, may help brand visibility but do not clearly change the near-term earnings outlook. McDonald’s unveils FIFA World Cup 26 meals with collectible cups and Squishmallows
• Negative Sentiment: Several recent articles note McDonald’s shares have pulled back meaningfully over the past week, month, and year-to-date, reinforcing a weaker technical setup and valuation concern for traders. McDonald’s (MCD) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Robert W. Baird set a $305.00 price objective on McDonald’s in a research note on Thursday, May 7th. KeyCorp dropped their target price on shares of McDonald’s from $345.00 to $330.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Rothschild & Co Redburn upgraded shares of McDonald’s from a “sell” rating to a “neutral” rating and raised their price target for the stock from $260.00 to $306.00 in a research report on Thursday, April 23rd. Weiss Ratings lowered shares of McDonald’s from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. Finally, Tigress Financial boosted their price objective on shares of McDonald’s from $360.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $336.26.

McDonald’s Stock Down 3.3%

Shares of NYSE:MCD opened at $264.76 on Friday. The company’s 50-day moving average price is $284.16 and its 200 day moving average price is $304.79. The company has a market cap of $188.12 billion, a PE ratio of 21.83, a P/E/G ratio of 2.73 and a beta of 0.41. McDonald’s Corporation has a fifty-two week low of $264.53 and a fifty-two week high of $341.75.

McDonald’s (NYSE:MCD) last posted its earnings results on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, topping the consensus estimate of $2.74 by $0.09. McDonald’s had a net margin of 31.62% and a negative return on equity of 442.10%. The firm had revenue of $6.52 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same quarter in the prior year, the firm earned $2.67 EPS. McDonald’s’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, equities analysts anticipate that McDonald’s Corporation will post 12.93 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were issued a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, June 2nd. McDonald’s’s dividend payout ratio is 61.34%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 5,252 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $2,198,930.88. This trade represents a 40.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of McDonald’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $278.36, for a total value of $769,108.68. Following the sale, the executive vice president directly owned 6,268 shares in the company, valued at $1,744,760.48. The trade was a 30.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,307 shares of company stock valued at $3,262,622 over the last three months. Corporate insiders own 0.26% of the company’s stock.

McDonald’s Company 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.