2,717 Shares in McDonald’s Corporation $MCD Purchased by Leo Wealth LLC

Leo Wealth LLC bought a new stake in shares of McDonald’s Corporation (NYSE:MCD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,717 shares of the fast-food giant’s stock, valued at approximately $627,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ascentis Wealth Management LLC raised its holdings in shares of McDonald’s by 4,008.8% in the second quarter. Ascentis Wealth Management LLC now owns 84,230 shares of the fast-food giant’s stock worth $22,768,000 after buying an additional 82,180 shares during the period. Ridgewood Investments LLC purchased a new position in McDonald’s during the 3rd quarter valued at $1,026,000. Borer Denton & Associates Inc. boosted its holdings in McDonald’s by 16.9% during the 2nd quarter. Borer Denton & Associates Inc. now owns 13,859 shares of the fast-food giant’s stock valued at $3,746,000 after acquiring an additional 2,000 shares during the period. HighTower Advisors LLC boosted its holdings in McDonald’s by 7.1% during the 2nd quarter. HighTower Advisors LLC now owns 1,471,725 shares of the fast-food giant’s stock valued at $397,822,000 after acquiring an additional 97,060 shares during the period. Finally, Viking Fund Management LLC grew its position in McDonald’s by 60.0% in the 3rd quarter. Viking Fund Management LLC now owns 40,000 shares of the fast-food giant’s stock valued at $9,238,000 after acquiring an additional 15,000 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

MCD opened at $249.41 on Wednesday. McDonald’s Corporation has a 12-month low of $229.20 and a 12-month high of $341.75. The business’s fifty day simple moving average is $249.01 and its 200-day simple moving average is $284.22.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.06. The firm had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $7.13 billion. The business’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.19 earnings per share. Equities analysts predict that McDonald’s Corporation will post 12.83 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a dividend of $1.93 per share. This is a positive change from McDonald’s’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $7.72 dividend on an annualized basis and a yield of 3.1%.

Trending Headlines about McDonald’s

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

• Positive Sentiment: BTIG reaffirmed its “buy” rating and set a $295 price target, implying meaningful upside from the current trading level. The call supports the view that McDonald’s brand strength, franchise model and value offerings are not fully reflected in the stock. BTIG rating report
• Positive Sentiment: McRib’s return to select U.S. cities, an $8 meal promotion, five seasonal beverages and an upcoming Pokémon trading-card promotion could increase traffic, create urgency and support limited-term sales. However, the promotions are concentrated in specific markets or time periods and are unlikely to materially change near-term companywide earnings on their own. McRib return
• Neutral Sentiment: McDonald’s is investing heavily in restaurant training and considering the return of more PlayPlaces. The initiatives may improve service quality and family traffic over time, but they also require spending and have no immediate earnings impact. McDonald’s training effort
• Neutral Sentiment: Analyst comparisons with Chipotle and Starbucks highlight McDonald’s defensive brand, global scale and dividend appeal, but also point to slower growth than some restaurant peers. These articles are investor commentary rather than new company guidance. McDonald’s versus Chipotle
• Negative Sentiment: Franchisees reportedly criticized the new hand-breaded chicken for oversized birds and tough meat. Quality or consistency problems could undermine McDonald’s chicken-growth strategy, reduce franchisee enthusiasm and weigh on customer traffic if not resolved. McDonald’s chicken rollout issues
• Negative Sentiment: McDonald’s decision to end its more-than-30-year FIFA World Cup sponsorship signals a shift toward owned marketing properties but could reduce global event visibility and reflects uncertainty about the return on major sponsorship spending. FIFA sponsorship ending
• Negative Sentiment: A bearish Seeking Alpha analysis argues that the stock’s prior decline may not be finished, reinforcing investor concerns about valuation, growth and competitive pressure. Bearish McDonald’s stock analysis

Analyst Ratings Changes

A number of analysts have weighed in on MCD shares. HC Wainwright set a $250.00 target price on McDonald’s in a research note on Friday, September 25th. Loop Capital reduced their price target on shares of McDonald’s from $301.00 to $273.00 and set a “hold” rating on the stock in a research note on Wednesday, August 5th. Freedom Capital raised shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Jefferies Financial Group dropped their target price on shares of McDonald’s from $260.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 29th. Finally, Evercore reduced their target price on shares of McDonald’s from $320.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $295.64.

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.