Thurston Springer Miller Herd & Titak Inc. Raises Position in McDonald’s Corporation $MCD

Thurston Springer Miller Herd & Titak Inc. raised its position in McDonald’s Corporation (NYSE:MCD) by 421.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,750 shares of the fast-food giant’s stock after acquiring an additional 4,647 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in McDonald’s were worth $1,758,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Federated Hermes Inc. grew its stake in McDonald’s by 84.1% during the 2nd quarter. Federated Hermes Inc. now owns 141,775 shares of the fast-food giant’s stock valued at $41,422,000 after acquiring an additional 64,757 shares in the last quarter. Global X Japan Co. Ltd. lifted its stake in McDonald’s by 236.7% in the 3rd quarter. Global X Japan Co. Ltd. now owns 6,502 shares of the fast-food giant’s stock worth $1,976,000 after purchasing an additional 4,571 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in shares of McDonald’s by 2.7% during the 3rd quarter. D.A. Davidson & CO. now owns 143,492 shares of the fast-food giant’s stock worth $43,606,000 after purchasing an additional 3,774 shares during the last quarter. Regent Peak Wealth Advisors LLC purchased a new stake in shares of McDonald’s in the third quarter valued at approximately $1,120,000. Finally, Synergy Asset Management LLC grew its position in shares of McDonald’s by 317.2% in the third quarter. Synergy Asset Management LLC now owns 19,079 shares of the fast-food giant’s stock valued at $5,691,000 after purchasing an additional 14,506 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

More McDonald’s News

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

• Positive Sentiment: Company-wide value push — McDonald’s will debut a simplified McValue “Under $3” menu (10 items) and $4 breakfast deals later this month; expected to drive traffic, app engagement and defend market share in a price-sensitive consumer environment. McDonald’s Under $3 Menu will make its debut later this month
• Neutral Sentiment: Marketing and local product innovation — regional initiatives (e.g., McDonald’s Türkiye ‘Archie’) and youth-focused promotions (K?Pop/Netflix tie-ins) can boost brand relevance and short?term engagement, but sales/monetization impact is uncertain. McDonald’s Türkiye Introduces ‘Archie’ for Gamers
• Negative Sentiment: Margin risk from lower pricing — widespread coverage notes these are some of McDonald’s lowest prices in years; while that can lift visits, substituting higher?margin items for sub?$3 offers and $4 breakfasts could compress margin per transaction and pressure near?term EPS. McDonald’s is rolling out some of its lowest prices in years

McDonald’s Stock Up 0.0%

MCD opened at $307.17 on Friday. McDonald’s Corporation has a 52 week low of $283.47 and a 52 week high of $341.75. The business has a fifty day simple moving average of $321.84 and a 200-day simple moving average of $311.50. The firm has a market cap of $218.21 billion, a P/E ratio of 25.70, a P/E/G ratio of 2.73 and a beta of 0.53.

McDonald’s (NYSE:MCD) last released its earnings results on Wednesday, February 11th. The fast-food giant reported $3.12 earnings per share for the quarter, beating the consensus estimate of $3.05 by $0.07. The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.81 billion. McDonald’s had a negative return on equity of 343.90% and a net margin of 31.85%.McDonald’s’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.83 EPS. Sell-side analysts expect that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd were issued a $1.86 dividend. The ex-dividend date was Tuesday, March 3rd. This represents a $7.44 dividend on an annualized basis and a yield of 2.4%. McDonald’s’s dividend payout ratio (DPR) is 62.26%.

Insider Buying and Selling

In other news, CEO Christopher J. Kempczinski sold 26,277 shares of McDonald’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $331.35, for a total value of $8,706,883.95. Following the completion of the transaction, the chief executive officer owned 22,900 shares in the company, valued at approximately $7,587,915. This trade represents a 53.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jonathan Banner sold 6,201 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $333.29, for a total transaction of $2,066,731.29. Following the transaction, the executive vice president owned 2,291 shares of the company’s stock, valued at $763,567.39. This trade represents a 73.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 71,657 shares of company stock valued at $23,722,204. Company insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MCD. Tigress Financial lifted their price objective on McDonald’s from $360.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. BTIG Research raised their target price on McDonald’s from $360.00 to $370.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. KeyCorp lifted their price target on McDonald’s from $340.00 to $354.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Oppenheimer raised shares of McDonald’s from a “market perform” rating to an “outperform” rating and set a $355.00 price target on the stock in a research report on Tuesday, January 6th. Finally, Piper Sandler upped their price objective on shares of McDonald’s from $323.00 to $325.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $339.69.

McDonald’s Profile

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.