McDonald’s Corporation $MCD Shares Acquired by Waycross Partners LLC

Waycross Partners LLC lifted its position in McDonald’s Corporation (NYSE:MCD) by 4.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,739 shares of the fast-food giant’s stock after purchasing an additional 2,424 shares during the quarter. McDonald’s comprises 1.1% of Waycross Partners LLC’s holdings, making the stock its 28th largest position. Waycross Partners LLC’s holdings in McDonald’s were worth $14,489,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MCD. State Street Corp raised its position in 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. Bank of New York Mellon Corp acquired a new stake in shares of McDonald’s in the second quarter worth $1,359,276,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of McDonald’s by 17.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,637,785 shares of the fast-food giant’s stock worth $1,130,587,000 after purchasing an additional 533,448 shares during the last quarter. Swiss National Bank raised its holdings in shares of McDonald’s by 6.9% during the first quarter. Swiss National Bank now owns 2,089,980 shares of the fast-food giant’s stock worth $649,545,000 after purchasing an additional 134,480 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of McDonald’s by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,909,321 shares of the fast-food giant’s stock worth $593,366,000 after purchasing an additional 62,562 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Down 0.6%

NYSE:MCD traded down $1.68 during trading hours on Friday, hitting $276.36. 6,331,310 shares of the stock were exchanged, compared to its average volume of 5,495,061. McDonald’s Corporation has a 52-week low of $229.20 and a 52-week high of $341.75. The firm’s fifty day moving average price is $248.76 and its 200 day moving average price is $282.57. The company has a market cap of $195.56 billion, a P/E ratio of 21.86, a P/E/G ratio of 3.03 and a beta of 0.42.

McDonald’s (NYSE:MCD) last released its earnings results on Wednesday, November 4th. The fast-food giant reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.19. The business had revenue of $7.16 billion for the quarter, compared to the consensus estimate of $7.28 billion. McDonald’s had a negative return on equity of 572.06% and a net margin of 31.72%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.22 earnings per share. Equities analysts expect that McDonald’s Corporation will post 12.84 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a $1.93 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $7.72 annualized dividend and a yield of 2.8%. This is an increase from McDonald’s’s previous quarterly dividend of $1.86. McDonald’s’s dividend payout ratio is currently 58.86%.

Key Stories Impacting McDonald’s

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. TD Cowen upped their price target on shares of McDonald’s from $270.00 to $285.00 and gave the company a “hold” rating in a report on Wednesday. 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 note on Thursday. Jefferies Financial Group decreased their price objective on McDonald’s from $260.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. Evercore lowered their target price on McDonald’s from $320.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, September 24th. Finally, Mizuho dropped their target price on McDonald’s from $290.00 to $260.00 and set a “neutral” rating on the stock in a report on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $297.82.

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.