USS Investment Management Ltd Has $36.84 Million Stock Holdings in McDonald’s Corporation $MCD

USS Investment Management Ltd raised its stake in shares of McDonald’s Corporation (NYSE:MCD) by 1.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,514 shares of the fast-food giant’s stock after buying an additional 2,138 shares during the period. USS Investment Management Ltd’s holdings in McDonald’s were worth $36,835,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in McDonald’s by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 72,351,127 shares of the fast-food giant’s stock valued at $22,112,675,000 after purchasing an additional 703,458 shares during the last quarter. State Street Corp increased its position in McDonald’s by 2.7% in the 4th quarter. State Street Corp now owns 35,983,997 shares of the fast-food giant’s stock worth $10,997,789,000 after purchasing an additional 959,140 shares during the last quarter. Geode Capital Management LLC increased its position in McDonald’s by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 17,038,519 shares of the fast-food giant’s stock worth $5,195,965,000 after purchasing an additional 76,090 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of McDonald’s by 3.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,474,749 shares of the fast-food giant’s stock worth $2,895,768,000 after purchasing an additional 277,617 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of McDonald’s during the 4th quarter worth about $2,890,438,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 5,252 shares of McDonald’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total value of $1,493,248.64. Following the transaction, the insider directly owned 7,734 shares in the company, valued at approximately $2,198,930.88. The trade was a 40.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $278.36, for a total value of $769,108.68. Following the transaction, the executive vice president directly owned 6,268 shares of the company’s stock, valued at $1,744,760.48. This represents a 30.59% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 11,307 shares of company stock valued at $3,262,622. Company insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wells Fargo & Company lowered their price target on McDonald’s from $355.00 to $320.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. BTIG Research reissued a “buy” rating and issued a $370.00 target price on shares of McDonald’s in a research report on Thursday, May 7th. JPMorgan Chase & Co. dropped their price target on shares of McDonald’s from $325.00 to $305.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Robert W. Baird set a $305.00 price objective on shares of McDonald’s in a research note on Thursday, May 7th. Finally, Barclays decreased their price objective on shares of McDonald’s from $380.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $335.70.

Key McDonald’s News

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

• Positive Sentiment: KeyCorp lowered its price target on McDonald’s but kept an Overweight rating, signaling continued analyst confidence that the stock still has meaningful upside from current levels.
• Positive Sentiment: McDonald’s is getting attention for promotional and product news, including a $2.50 Big Mac deal in Central Florida, a nationwide return of a fan-favorite menu item after 34 years, and free limited-edition FIFA collectible cups, all of which could help drive traffic and engagement.
• Positive Sentiment: A new McDonald’s location reportedly could create 120 jobs, reinforcing franchise expansion and local growth narratives.
• Positive Sentiment: Several articles argue the stock may have already hit bottom, with one note suggesting recent weakness may have been overdone as gas prices fall and consumer pressure could ease.
• Neutral Sentiment: Multiple lifestyle pieces about McDonald’s menu history and ordering hacks are largely brand-related and are unlikely to materially affect the stock.
• Negative Sentiment: One report said McDonald’s recently launched three new menu items that have sparked widespread dissatisfaction, which could weigh on sentiment if customer reaction stays weak.
• Negative Sentiment: Another article noted that investors are watching restaurant beverage competition closely, including McDonald’s new crafted beverage push, which highlights rising competitive pressure in a key traffic driver category.

McDonald’s Stock Up 1.2%

NYSE:MCD opened at $270.45 on Wednesday. The company’s 50 day moving average is $281.81 and its 200-day moving average is $303.92. McDonald’s Corporation has a 12 month low of $264.53 and a 12 month high of $341.75. The firm has a market cap of $192.15 billion, a price-to-earnings ratio of 22.30, a P/E/G ratio of 2.66 and a beta of 0.41.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $6.52 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same period in the prior year, the firm earned $2.67 EPS. McDonald’s’s quarterly revenue was up 9.4% compared to the same quarter last year. Research analysts predict that McDonald’s Corporation will post 12.93 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were given a dividend of $1.86 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $7.44 dividend on an annualized basis and a yield of 2.8%. McDonald’s’s payout ratio is currently 61.34%.

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.