McDonald’s Corporation $MCD Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its stake in shares of McDonald’s Corporation (NYSE:MCD) by 3.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 67,033 shares of the fast-food giant’s stock after selling 2,584 shares during the quarter. State of Alaska Department of Revenue’s holdings in McDonald’s were worth $15,480,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Abound Financial LLC bought a new stake in McDonald’s in the 4th quarter valued at $30,000. Purpose Unlimited Inc. bought a new position in McDonald’s during the 4th quarter worth $31,000. GKV Capital Management Co. Inc. acquired a new stake in shares of McDonald’s during the first quarter worth $33,000. Merkkuri Wealth Advisors LLC acquired a new stake in shares of McDonald’s during the first quarter worth $43,000. Finally, Burkett Financial Services LLC lifted its holdings in shares of McDonald’s by 2,312.5% during the third quarter. Burkett Financial Services LLC now owns 193 shares of the fast-food giant’s stock worth $45,000 after buying an additional 185 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the topic of several research reports. Piper Sandler set a $286.00 price target on shares of McDonald’s in a research note on Tuesday, August 4th. KeyCorp lowered their price target on shares of McDonald’s from $305.00 to $280.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 6th. Sanford C. Bernstein dropped their price objective on shares of McDonald’s from $295.00 to $250.00 and set a “market perform” rating for the company in a research note on Thursday, October 8th. Rothschild & Co Redburn cut their price objective on shares of McDonald’s from $306.00 to $285.00 in a report on Wednesday, August 26th. Finally, DZ Bank reissued a “buy” rating on shares of McDonald’s in a report on Thursday, September 24th. One investment 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $295.94.

McDonald’s Trading Up 1.8%

NYSE MCD traded up $4.22 during midday trading on Thursday, hitting $242.53. The company had a trading volume of 3,925,550 shares, compared to its average volume of 4,237,482. The company has a market capitalization of $171.62 billion, a PE ratio of 19.72, a P/E/G ratio of 2.64 and a beta of 0.44. The firm has a 50-day moving average price of $253.35 and a 200-day moving average price of $272.74. McDonald’s Corporation has a twelve month low of $229.20 and a twelve month 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 for the quarter, beating analysts’ consensus estimates of $3.32 by $0.06. The firm had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $7.13 billion. McDonald’s had a negative return on equity of 572.06% and a net margin of 31.72%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $3.19 EPS. On average, equities analysts anticipate that McDonald’s Corporation will post 12.84 EPS for the current year.

McDonald’s Increases Dividend

The business 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 $1.93 dividend. This represents a $7.72 dividend on an annualized basis and a yield of 3.2%. This is a boost from McDonald’s’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend is Tuesday, December 1st. McDonald’s’s payout ratio is presently 62.71%.

McDonald’s News Summary

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

• Positive Sentiment: McDonald’s shares advanced even as the broader market weakened, indicating some relative strength and investor interest at depressed valuation levels. McDonald’s Increases Despite Market Slip
• Positive Sentiment: The company’s roughly $8.5 billion franchisee-support and modernization plan, along with personalized digital offers, value meals and streamlined marketing, could improve traffic and sales if execution improves. The planned “Archy” drive-through AI system may also support efficiency, although its benefits remain unproven. McDonald’s $8.5B Fix
• Positive Sentiment: Renewed promotions, including the Monopoly Go collaboration and potential Disney-villain Boo Buckets, could provide short-term customer engagement and seasonal sales support, though these campaigns are unlikely to change the long-term outlook by themselves. Monopoly Go Returns to McDonald’s
• Neutral Sentiment: At about 18 times earnings, MCD’s valuation may already reflect some of the turnaround risk, but investors still need evidence that the spending plan can restore sustainable growth. McDonald’s Trades at 18 Times Earnings
• Negative Sentiment: Shares remain down sharply over six months as weak U.S. sales, ineffective value-menu execution and reduced earnings estimates weigh on investor confidence. Analysts are questioning whether promotions and operational fixes can reverse the slowdown. McDonald’s Stock Down 23 Percent in Six Months
• Negative Sentiment: A proposed class-action lawsuit alleging problematic AI-driven menu pricing creates legal, reputational and regulatory risk, while reports of a poorly reviewed U.S. location highlight potential service and franchise-operator issues. McDonald’s AI Menu Pricing Lawsuit

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.