PNC Financial Services Group Inc. Trims Stock Position in McDonald’s Corporation $MCD

PNC Financial Services Group Inc. trimmed its stake in McDonald’s Corporation (NYSE:MCD) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,650,207 shares of the fast-food giant’s stock after selling 31,886 shares during the period. PNC Financial Services Group Inc.’s holdings in McDonald’s were worth $809,983,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MCD. AMF Tjanstepension AB raised its stake in McDonald’s by 25.6% in the fourth quarter. AMF Tjanstepension AB now owns 310,213 shares of the fast-food giant’s stock worth $94,810,000 after buying an additional 63,206 shares in the last quarter. McKinley Carter Wealth Services Inc. raised its position in shares of McDonald’s by 1.5% in the 4th quarter. McKinley Carter Wealth Services Inc. now owns 12,954 shares of the fast-food giant’s stock worth $3,959,000 after acquiring an additional 190 shares in the last quarter. Flynn Zito Capital Management LLC raised its position in shares of McDonald’s by 5.8% in the 4th quarter. Flynn Zito Capital Management LLC now owns 1,207 shares of the fast-food giant’s stock worth $369,000 after acquiring an additional 66 shares in the last quarter. Integral Investment Advisors Inc. lifted its stake in shares of McDonald’s by 0.9% in the 4th quarter. Integral Investment Advisors Inc. now owns 6,113 shares of the fast-food giant’s stock valued at $1,868,000 after purchasing an additional 54 shares during the period. Finally, Capstone Capital Management Ltd purchased a new position in shares of McDonald’s in the 4th quarter valued at approximately $1,131,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

MCD has been the topic of several recent research reports. Barclays reduced their price target on McDonald’s from $380.00 to $350.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Citigroup upped their target price on shares of McDonald’s from $371.00 to $375.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Evercore set a $350.00 price objective on shares of McDonald’s in a research note on Friday, May 8th. Morgan Stanley set a $331.00 price objective on shares of McDonald’s in a report on Friday, May 8th. Finally, Wells Fargo & Company lowered their target price on shares of McDonald’s from $355.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $334.45.

Insider Transactions at McDonald’s

In other news, EVP Jonathan Banner sold 6,201 shares of McDonald’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $333.29, for a total value of $2,066,731.29. Following the completion of the sale, the executive vice president directly owned 2,291 shares in the company, valued at $763,567.39. The trade was a 73.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 333 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $302.72, for a total transaction of $100,805.76. Following the transaction, the insider directly owned 8,067 shares of the company’s stock, valued at $2,442,042.24. The trade was a 3.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 12,119 shares of company stock worth $3,945,973. Insiders own 0.26% of the company’s stock.

McDonald’s Price Performance

MCD stock opened at $280.68 on Wednesday. The stock has a market capitalization of $199.43 billion, a P/E ratio of 23.14, a P/E/G ratio of 2.81 and a beta of 0.43. McDonald’s Corporation has a 1-year low of $271.98 and a 1-year high of $341.75. The business has a fifty day moving average price of $302.45 and a 200-day moving average price of $309.69.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, topping the consensus estimate of $2.74 by $0.09. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.The company had revenue of $6.52 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same period last year, the company earned $2.67 EPS. McDonald’s’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, analysts anticipate that McDonald’s Corporation will post 12.94 earnings per share for the current year.

Key Stories Impacting McDonald’s

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

• Positive Sentiment: McDonald’s U.S. comparable sales rose 3.9% in Q1 2026, helped by McValue offers and sub-$3 deals that appear to be resonating with price-sensitive customers. Article title
• Positive Sentiment: McDonald’s is also leaning into brand-building and product news, including a teased collaboration with Devin Booker and Nike, plus a new drink lineup rollout, which could support traffic and keep the brand culturally relevant. Article title Article title
• Positive Sentiment: UBS said McDonald’s is well positioned for global market-share gains, reinforcing the bull case that the company can outperform peers even in a slower consumer backdrop. Article title
• Neutral Sentiment: Several lighter consumer and brand stories around McDonald’s, including menu trivia and customer reactions to products like the Filet-O-Fish, are mostly sentiment/engagement pieces and are unlikely to materially move the stock. Article title Article title
• Negative Sentiment: Bloomberg reported McDonald’s will miss some emissions goals due to an energy crunch, which adds ESG execution risk and could weigh on sentiment from sustainability-focused investors. Article title
• Negative Sentiment: Erste Group Bank lowered its FY2026 EPS forecast for McDonald’s, which may reinforce concerns that profit growth could be more constrained than hoped. Article title

About McDonald’s

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.