McDonald’s Corporation $MCD Stock Sold by Keybank National Association OH

Keybank National Association OH lowered its stake in shares of McDonald’s Corporation (NYSE:MCD) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 345,155 shares of the fast-food giant’s stock after selling 10,127 shares during the period. Keybank National Association OH’s holdings in McDonald’s were worth $79,710,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MCD. State Street Corp grew its position in shares of McDonald’s by 1.8% in the second quarter. State Street Corp now owns 36,080,505 shares of the fast-food giant’s stock valued at $9,752,921,000 after purchasing an additional 646,675 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of McDonald’s during the 2nd quarter valued at $1,359,276,000. Arrowstreet Capital Limited Partnership raised its stake in shares of McDonald’s by 17.2% during 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 purchasing an additional 533,448 shares during the period. Swiss National Bank lifted its holdings in McDonald’s by 6.9% during the 1st 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in McDonald’s by 3.4% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Seaport Research Partners started coverage on McDonald’s in a research note on Wednesday, September 16th. They issued a “neutral” rating for the company. Freedom Broker cut McDonald’s from a “buy” rating to a “hold” rating and decreased their price target for the company from $305.00 to $298.00 in a research report on Thursday, November 5th. Argus upped their price target on McDonald’s from $310.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, November 6th. Loop Capital lowered their price target 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. Finally, HSBC assumed coverage on shares of McDonald’s in a research report on Thursday, November 5th. They issued a “strong-buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $297.82.

McDonald’s Stock Performance

McDonald’s stock opened at $282.11 on Wednesday. The stock has a market cap of $199.11 billion, a P/E ratio of 22.32, a PEG ratio of 3.25 and a beta of 0.42. McDonald’s Corporation has a fifty-two week low of $229.20 and a fifty-two week high of $341.75. The firm’s fifty day moving average price is $249.44 and its 200-day moving average price is $282.33.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Wednesday, November 4th. The fast-food giant reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.19. The company 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 826.29% and a net margin of 32.38%. The firm’s 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. Sell-side analysts predict that McDonald’s Corporation will post 12.91 earnings per share for the current year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a $1.93 dividend. This represents a $7.72 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, December 1st. This is an increase from McDonald’s’s previous quarterly dividend of $1.86. McDonald’s’s payout ratio is 58.86%.

Key Headlines Impacting McDonald’s

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

• Positive Sentiment: McDonald’s is expanding its Uber partnership across 14 markets, adding delivery and digital-ordering capabilities and loyalty benefits. The effort could improve convenience and generate incremental sales. McDonald’s Expands Uber Partnership: Can It Drive More Growth?
• Positive Sentiment: The company is planning a broader beverage lineup to compete for customers’ drink purchases, potentially creating a new source of sales growth. McDonald’s new drinks take aim at your Starbucks order
• Positive Sentiment: A Pokémon Happy Meal promotion featuring toys and trading cards may boost customer interest and near-term visits, although the articles provide no estimate of its financial impact. McDonald’s x Pokémon collab is now live
• Negative Sentiment: Recent coverage highlights continuing U.S. challenges: guest counts are declining and quarterly revenue missed expectations, despite an earnings-per-share beat. A value bundle being tested at 1,900 restaurants could help, but its results remain uncertain. MCD Stock Outlook: Wall Street Eyes a Potential Upside Breakout After Q3 Results
• Negative Sentiment: One analysis says MCD’s roughly 24% rebound over the past month may have limited further upside, citing free-cash-flow figures. Higher Treasury yields may also weigh on stock valuations more broadly. McDonald’s Stock Is Up 24% in the Last Month – Is MCD Near a Peak?

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.