Northeast Investment Management Has $24.20 Million Stock Holdings in McDonald’s Corporation $MCD

Northeast Investment Management cut its stake in McDonald’s Corporation (NYSE:MCD) by 2.6% during the fourth quarter, HoldingsChannel reports. The fund owned 79,192 shares of the fast-food giant’s stock after selling 2,113 shares during the quarter. Northeast Investment Management’s holdings in McDonald’s were worth $24,203,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MCD. Brighton Jones LLC boosted its holdings in McDonald’s by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after purchasing an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in McDonald’s by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after purchasing an additional 52 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in McDonald’s by 11.4% in the second quarter. Sivia Capital Partners LLC now owns 2,017 shares of the fast-food giant’s stock worth $589,000 after purchasing an additional 206 shares in the last quarter. United Bank boosted its holdings in McDonald’s by 6.0% in the second quarter. United Bank now owns 8,102 shares of the fast-food giant’s stock worth $2,367,000 after purchasing an additional 459 shares in the last quarter. Finally, Schnieders Capital Management LLC. boosted its holdings in McDonald’s by 2.5% in the second quarter. Schnieders Capital Management LLC. now owns 12,938 shares of the fast-food giant’s stock worth $3,780,000 after purchasing an additional 312 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Price Performance

MCD stock opened at $274.97 on Wednesday. McDonald’s Corporation has a 52-week low of $271.98 and a 52-week high of $341.75. The company has a 50-day moving average of $307.73 and a two-hundred day moving average of $310.70. The stock has a market capitalization of $195.37 billion, a price-to-earnings ratio of 22.67, a price-to-earnings-growth ratio of 2.67 and a beta of 0.43.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.09. McDonald’s had a net margin of 31.62% and a negative return on equity of 442.10%. The company had revenue of $6.52 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same period in the prior year, the company earned $2.67 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities analysts expect that McDonald’s Corporation will post 13.01 EPS for the current fiscal year.

Key Stories Impacting McDonald’s

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

• Positive Sentiment: McDonald’s value-focused menu strategy continues to support traffic and sales, with reports saying the company outperformed peers in Q1 and is still seen as having market-share upside despite macro headwinds. McDonald’s Poised for Market Share Gains Despite Macro Headwinds, UBS Says
• Positive Sentiment: Analysts and dividend-focused articles still view MCD as a high-quality blue-chip income stock, pointing to its roughly 2.7% dividend yield and long track record of dividend growth. Brokers Suggest Investing in McDonald’s (MCD): Read This Before Placing a Bet
• Positive Sentiment: Some commentary argues the stock looks undervalued after its Q1 beat, suggesting upside if the company can sustain earnings and defend market share. McDonald’s Looks Undervalued Despite Stock Pressure This Year
• Neutral Sentiment: Broader consumer-discretionary weakness is weighing on sentiment, with the sector lagging even as the wider market posts gains. Consumer Discretionary Stocks’ Long Winter Isn’t Over
• Neutral Sentiment: Recent coverage notes McDonald’s stock is near 52-week lows, reflecting investor caution, but also attracting value-oriented interest after the recent selloff. Inflation Has Pushed this Dividend Aristocrat to 52-Week Lows. Why It’s Still Not Quite Time to Buy.
• Negative Sentiment: JPMorgan and RBC both lowered their price targets on MCD, signaling reduced near-term optimism even though ratings remained relatively constructive. McDonald’s (NYSE:MCD) Price Target Lowered to $305.00 at JPMorgan Chase & Co.
• Negative Sentiment: Articles on Wall Street sentiment and the stock falling through 1-year lows suggest investors remain worried that sales growth could be stalling. McDonald’s Stock Falls Through 1-Year Lows – Are Sales Slowdown Fears Overdone?

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 333 shares of the company’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $302.72, for a total transaction of $100,805.76. Following the completion of the sale, the insider directly owned 8,067 shares in the company, valued at $2,442,042.24. This represents a 3.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jonathan Banner sold 6,201 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $333.29, for a total transaction of $2,066,731.29. Following the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 69,364 shares of company stock valued at $22,970,006 over the last three months. 0.26% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MCD shares. Rothschild & Co Redburn upgraded shares of McDonald’s from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $260.00 to $306.00 in a report on Thursday, April 23rd. Mizuho upped their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Erste Group Bank cut shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Monday, April 27th. KeyCorp decreased their price objective on shares of McDonald’s from $345.00 to $330.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Finally, Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating and set a $380.00 price objective for the company in a report on Friday, February 13th. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $334.45.

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.