McDonald’s Corporation $MCD Stock: Smith Chas P & Associates PA Cpas Increases Position

Smith Chas P & Associates PA Cpas increased its position in shares of McDonald’s Corporation (NYSE:MCD) by 7.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 185,303 shares of the fast-food giant’s stock after acquiring an additional 13,617 shares during the quarter. McDonald’s comprises approximately 2.2% of Smith Chas P & Associates PA Cpas’ portfolio, making the stock its 18th biggest holding. Smith Chas P & Associates PA Cpas’ holdings in McDonald’s were worth $45,023,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MCD. Bank of New York Mellon Corp acquired a new position in McDonald’s in the second quarter valued at about $1,359,276,000. Diamant Asset Management Inc. boosted its stake in shares of McDonald’s by 30,979.0% in the 1st quarter. Diamant Asset Management Inc. now owns 2,596,340 shares of the fast-food giant’s stock valued at $806,917,000 after buying an additional 2,587,986 shares during the period. Bessemer Group Inc. increased its holdings 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 during the last quarter. State Street Corp lifted its position in shares of McDonald’s by 1.8% during 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 during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of McDonald’s by 17.2% in 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 in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Stock Performance

MCD opened at $246.11 on Thursday. The firm has a 50 day moving average price of $250.31 and a 200 day moving average price of $270.49. The company has a market cap of $174.16 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 2.76 and a beta of 0.44. McDonald’s Corporation has a 1 year low of $229.20 and a 1 year high of $341.75.

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

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a dividend of $1.93 per share. This is a positive change from McDonald’s’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $7.72 annualized dividend and a yield of 3.1%. McDonald’s’s payout ratio is presently 60.44%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MCD shares. Loop Capital cut their target price on shares of McDonald’s from $301.00 to $273.00 and set a “hold” rating on the stock in a report on Wednesday, August 5th. BTIG Research dropped their price objective on shares of McDonald’s from $350.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, September 24th. Piper Sandler set a $286.00 price target on shares of McDonald’s in a research note on Tuesday, August 4th. Needham & Company LLC reissued a “buy” rating on shares of McDonald’s in a report on Monday, September 21st. Finally, Wells Fargo & Company lowered their price target on shares of McDonald’s from $300.00 to $270.00 and set an “overweight” rating on the stock in a research note on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $295.64.

McDonald’s News Roundup

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

• Positive Sentiment: McDonald’s is bringing back its Halloween Boo Buckets with a Disney Villains theme. The collectible promotion could increase seasonal visits, generate social-media engagement and support limited-time sales. Disney Villains Halloween Boo Buckets Arrive at McDonald’s
• Positive Sentiment: The McRib is returning to select Indiana restaurants on October 26, offering another limited-time product designed to attract loyal customers and create urgency. Fan-favorite sandwich returning to McDonald’s
• Positive Sentiment: Some analysts view MCD as potentially undervalued after its recent underperformance. Its valuation is below historical averages, while the established franchise model and multiyear-high dividend yield may appeal to income-focused investors. Is The Market Underpricing McDonald’s Stock?
• Neutral Sentiment: Two additional McDonald’s locations are planned for the northern Fort Worth suburbs, indicating continued domestic unit expansion, although the financial contribution is likely to be gradual. Two McDonald’s restaurants planned for north Fort Worth suburbs
• Negative Sentiment: TD Cowen’s downgrade of Chipotle also pressured McDonald’s and other restaurant stocks, reflecting broader investor concerns about slowing industry sales momentum. Chipotle Falls as TD Cowen Downgrades
• Negative Sentiment: McDonald’s faces weak U.S. traffic, making menu innovation important for restoring comparable-sales growth. The latest analysis suggests new products may help, but they have not yet resolved the underlying demand pressure. Can MCD’s Menu Innovation Offset Slower U.S. Comparable Sales Growth?

McDonald’s Company 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.