McDonald’s Corporation $MCD Stock Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its stake in shares of McDonald’s Corporation (NYSE:MCD) by 5.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 100,977 shares of the fast-food giant’s stock after selling 6,366 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in McDonald’s were worth $23,320,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MCD. Guardian Partners Inc. increased its stake in McDonald’s by 0.9% in the third quarter. Guardian Partners Inc. now owns 47,442 shares of the fast-food giant’s stock worth $10,956,000 after purchasing an additional 405 shares during the period. Strengthening Families & Communities LLC raised its stake in shares of McDonald’s by 0.9% in the third quarter. Strengthening Families & Communities LLC now owns 8,038 shares of the fast-food giant’s stock worth $1,856,000 after purchasing an additional 68 shares during the last quarter. Sawyer & Company Inc acquired a new position in shares of McDonald’s in the 3rd quarter valued at about $2,513,000. Sowell Financial Services LLC boosted its holdings in McDonald’s by 18.4% during the third quarter. Sowell Financial Services LLC now owns 29,678 shares of the fast-food giant’s stock worth $6,854,000 after buying an additional 4,607 shares in the last quarter. Finally, Bell Bank increased its position in shares of McDonald’s by 3.7% in the third quarter. Bell Bank now owns 12,846 shares of the fast-food giant’s stock valued at $2,967,000 after buying an additional 458 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 0.2%

McDonald’s stock opened at $246.11 on Thursday. The firm’s 50-day simple moving average is $250.31 and its 200 day simple moving average is $270.49. The firm has a market capitalization of $174.16 billion, a PE ratio of 19.64, a P/E/G ratio of 2.76 and a beta of 0.44. McDonald’s Corporation has a 52 week low of $229.20 and a 52 week high of $341.75.

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

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be given 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 dividend on an annualized basis and a yield of 3.1%. McDonald’s’s dividend payout ratio is currently 60.44%.

McDonald’s News Summary

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?

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Oppenheimer dropped their target price on shares of McDonald’s from $325.00 to $295.00 and set an “outperform” rating for the company in a report on Thursday, September 24th. Piper Sandler set a $286.00 price target on shares of McDonald’s in a research report on Tuesday, August 4th. Mizuho cut their price objective on McDonald’s from $300.00 to $290.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. HSBC reduced their target price on shares of McDonald’s from $357.00 to $356.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Finally, TD Cowen cut their target price on shares of McDonald’s from $282.00 to $270.00 and set a “hold” rating on the stock in a research note on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $295.64.

About McDonald’s

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.