McDonald’s Corporation $MCD Shares Sold by Kelleher Financial Advisors

Kelleher Financial Advisors reduced its stake in shares of McDonald’s Corporation (NYSE:MCD) by 42.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,382 shares of the fast-food giant’s stock after selling 2,492 shares during the quarter. Kelleher Financial Advisors’ holdings in McDonald’s were worth $781,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MCD. State Street Corp grew its stake in McDonald’s by 1.8% during the second 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 in the last quarter. Bank of New York Mellon Corp bought a new position in McDonald’s in the 2nd quarter valued at about $1,359,276,000. Arrowstreet Capital Limited Partnership increased its holdings in McDonald’s by 17.2% in 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 buying an additional 533,448 shares during the period. Swiss National Bank raised its position in shares of McDonald’s by 6.9% in the 1st quarter. Swiss National Bank now owns 2,089,980 shares of the fast-food giant’s stock valued at $649,545,000 after buying an additional 134,480 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of McDonald’s by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,909,321 shares of the fast-food giant’s stock valued at $593,366,000 after buying an additional 62,562 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of McDonald’s from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. Daiwa Securities Group decreased their price objective on shares of McDonald’s from $309.00 to $293.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Guggenheim decreased their price objective on shares of McDonald’s from $290.00 to $250.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Rothschild & Co Redburn lowered their price objective on shares of McDonald’s from $306.00 to $285.00 in a research report on Wednesday, August 26th. Finally, Piper Sandler set a $286.00 target price on McDonald’s in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $293.21.

McDonald’s Trading Up 6.5%

Shares of McDonald’s stock opened at $280.20 on Thursday. The firm has a market capitalization of $198.28 billion, a PE ratio of 22.76, a price-to-earnings-growth ratio of 3.01 and a beta of 0.42. The firm’s 50 day moving average is $248.20 and its 200 day moving average is $282.85. McDonald’s Corporation has a 1 year low of $229.20 and a 1 year high of $341.75.

McDonald’s (NYSE:MCD) last released 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 business had revenue of $7.16 billion during the quarter, compared to analysts’ expectations of $7.28 billion. McDonald’s had a net margin of 31.72% and a negative return on equity of 572.06%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.22 EPS. As a group, research analysts anticipate that McDonald’s Corporation will post 12.82 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $1.93 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This is a boost from McDonald’s’s previous quarterly dividend of $1.86. This represents a $7.72 dividend on an annualized basis and a dividend yield of 2.8%. McDonald’s’s payout ratio is presently 60.44%.

Key Headlines Impacting McDonald’s

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

• Positive Sentiment: Third-quarter adjusted EPS was $3.57, above the $3.38 analyst estimate, with stronger franchised margins contributing. Global comparable sales rose 1.5%, led by international markets. McDonald’s Q3 Earnings Beat on Franchised Margins, Revenues Miss
• Positive Sentiment: Management says U.S. sales improved as the quarter progressed and is planning more affordable bundles, digital deals, and other value initiatives to attract budget-conscious customers. Investors may view these plans as a path to a domestic rebound. McDonald’s Puts Focus on Entry-Level Value to Lift Sluggish Sales
• Neutral Sentiment: Holiday drink offerings and a Pokémon Happy Meal promotion add seasonal marketing opportunities, though their impact on overall sales is uncertain. McDonald’s Pokémon Happy Meal Returns Nov. 10 With Cards
• Negative Sentiment: Revenue of $7.16 billion fell short of expectations near $7.28 billion. U.S. comparable sales declined 0.2%—the first drop in six quarters—as customers facing high living costs pulled back and restaurant traffic weakened. McDonald’s US sales decline for first time in six quarters despite value push
• Negative Sentiment: Value promotions may pressure economics and come amid reported tensions with franchisees. Separately, a judge allowed a lawsuit challenging McRib marketing to proceed, creating a potential legal and reputational overhang. McDonald’s facing lawsuit over meat in cult-favorite sandwich

McDonald’s Company 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.